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Unsecured loans

Unlike secured loans, which involve providing an asset (such as your house) as backup for the lender in case you cannot repay the loan, unsecured loans don’t require assets as part of the process. At Finio Loans we’ll use factors such as your creditworthiness when assessing your eligibility for a loan. This means that there is no risk to anything you own when taking out an unsecured loan.

They are often a popular option for funding everyday things, such as a new car, home improvements or even holidays, and you could find the right unsecured loan for you with us – even if you have bad credit.

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Representative 39.9% APR

Representative 39.9% APR

Representative example

Borrowing £2,000 over 24 months at Representative 39.9% APR and Interest rate 39.9% p.a. (fixed) with monthly repayments of £116.07 and a total amount payable of £2,785.68 This example is for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances Rates from 20% APR to maximum 69.9% APR. Loan terms from 12 to 60 months.

Apply for Unsecured Loans UK-Wide with Finio Loans

At Finio Loans we have a simple, online application process, and you will get a decision on your loan application quickly. We offer unsecured loans from as little as £1,000 up to £10,000, providing you with greater options and more flexibility for your loan repayment. So, when it comes to applying for an unsecured loan, bad credit need not stop you.

To get a personalised quote for our unsecured personal loans, simply apply online to get a good idea of how much you may be eligible to take out and the types of loan options available. If your application is accepted, you could receive the money in just a few hours.

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Ready for your personalised quote?

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Representative 39.9% APR

Frequently answered questions

What is an unsecured loan?

With unsecured loans, you do not have to put anything as security for your loan - no assets or possessions like your house, car or investments have to be offered up which means you don’t need to be a homeowner. As a result, you may be charged a higher interest rate compared with secured loans.

Can I get an unsecured loan with a bad credit score?

With the ability to shop around online for different types of loans, getting rejected by your bank isn’t necessarily a problem as lenders like Finio Loans may be able to give you access to bad credit loans despite a low credit score. We understand that your financial history may not reflect your position now, so when applying for an unsecured loan with bad credit, lenders will look at your current financial situation and other indicators to decide whether you’ll be able to afford the fixed monthly repayments on the loan.

If you’re worried about being rejected because of your bad credit history, you can check your loans eligibility with us without having an impact on your credit score. We do soft search credit checks which mean your credit ratings won’t be affected at this stage. Simply enter a loan amount and term into our online loans calculator to receive your loan quote.

What can I use an unsecured loan for?

There are many things you can use your unsecured loan to finance such as home improvements, getting your car insured or paying off an unexpected bill. You may also want to use your loan for debt consolidation to make your existing debts more manageable to repay over regular monthly payments.

Can I get an unsecured loan with no credit check?

No. Responsible lending is our priority so we carry out credit checks on all loan amounts and types of unsecured loans to make sure we aren’t lending to anyone who can’t afford it.

What is the criteria to get an unsecured loan?

As with most loan providers, our lender requirements are that you’ll need to be over 18, a UK resident, employed and have a bank account and debit card to complete a loan application. In terms of income, you should be able to comfortably afford monthly payments from your regular income - for example, as a guide, £700 per month would be a minimum. We’ll look at your credit history and personal finances before making our decision.

How long will it take before receiving the unsecured loan?

Applying for any loan with Finio Loans is quick and simple and you’ll find out if you’re eligible within minutes. After that, you could have your money in your current account in just a few hours.

What is an APR?

APR is the annual percentage rate and important for calculating the cost of money borrowed. Interest rates, fees, how often it’s charged and all other costs contribute to the APR. Representative APR is the APR we'll offer to at least 51% of people who are accepted - it's not a guarantee. The remaining customers that are also accepted will be offered a different APR than the one advertised based on individual circumstances. Please note, the APR offered is based on your personal situation and is dependent on many different factors. As such the APR offered may be different from the representative APR.

Will I pay a higher rate if I have bad credit?

Yes, you might. As a lender, we offer our representative APR of 39.9% to at least 51% of customers who are accepted for a loan. If you have bad credit, you may be charged a different rate.

What repayment terms are available for unsecured loans?

For a debt consolidation loan, you can borrow £1,000 to £10,000 from 12 to 60 months and pay in monthly instalments.

Can I top up my unsecured loan?

You may be eligible to top up your loan in the future and you can check your eligibility through your online account.