Want additional funds for seeping roof, flooded basement or a holiday trip? You can apply for all purpose personal loans and meet the requisites.

What is a personal loan?

A personal loan is a loan advanced to you on the basis of your current income and credit history. These loans are unsecured loans and you do not have to give the lender any collateral against the loan. This is one reason why the interest rates on these unsecured loans are higher than the ones on secured ones. This is also one of the reasons why it is cheaper to avail secured loan against your home or any other asset. However, for small amounts, an unsecured personal loan is one of the preferred credit options.


The best way to get a good deal on personal loans is to begin with a research online for the best loan brokers in the UK. Loan brokers essentially act as mediators between the lending agencies and the borrowers. They act as your Loan Advisor and would guide you advice on availing cheap personal loans with ease. We are sure that when you conduct an online research for loan brokers, you will find Loan Princess as your preferred Loan partner.

Why you should opt for Loan Princess?

Loan princess has been in the business of loan brokering for a short time and within this time has created a formidable reputation for itself. This can be seen if you study our official website thoroughly and also read some of the reviews and testimonials written by our previous customers. Almost all the reviews and testimonials are positive and praise Loan Princess for its concern for the borrower. We have the borrowers’ interest as our priority and you do not need to pay any additional fee for our loan advice and counseling.

We guide you ways to get cheap personal loans for bad credit score. There are several non-traditional lenders who are ready to take a higher risk and provide a personal loan to people who have bad credit.

Even if you have good credit history, then we can share methods to get the cheapest personal loans from the market. Usually lending agencies advertise a certain percentage of interest, but according to the law they are liable to provide loans at the advertised rate of interest only to 51% of the actual borrowers. This means that the remaining 49% may have to pay a higher rate of interest. We ensure that you get the loan at the rate of interest that has been advertised only. This way you can get affordable personal loan when you seek our services.

Fixed rate and variable rate of interest

When you opt for personal loans at a fixed rate of interest it means that throughout the tenure of the loan you would pay a fixed interest which is usually charged on a monthly basis. This way it is easier to plan your monthly budget because you will know how much money will go towards the repayment of the loan. On the other hand with a variable rate of interest the monthly repayment will be different from one month to another depending on the market trends.

Our loan advisers offer free advice on which type of loan will suit your requirement the best. With their help you can take a wise decision regarding the amount, type and tenure of the loan. At the same time, they will also help you decide whether a secured loan or unsecured personal loans will be better for you.

Our sole aim is to help you take an informed decision according to your credit situation.

Secured and unsecured personal loan

If you want to borrow a larger sum of money an unsecured loan may not be a good option. If you are a homeowner with equity in your property then you can borrow larger sums of money for longer tenure by offering your home as collateral against the loan. Such secured loans are advisable when you need the money for expanding your home, or for consolidating large amounts of debt. They can prove to be cheaper than unsecured loans. As mentioned above our loan advisers will help you in taking the decision whether you should opt for a secured or unsecured loan.

Other alternatives to personal loans

Personal loans have a lower interest rate than most credit cards, but nowadays you also get credit cards which offer 0% interest for a certain period of time. Such credit cards are a good idea if you need money for a smaller period of time.

Remortgaging may be a good idea if you want a larger sum of money and for a longer time. If this option is available to you then you will end up repaying much less than what you will pay for an unsecured personal loan.

If you need only a small amount of money then some lenders offer interest free overdrafts. However, in the case of these overdrafts the penalties for breaking the terms and conditions can be quite severe. Balance transfer cards are also a good option for long term debt. They typically involve a transfer fee, but the interest rates are low.

Whatever is the best option for you our loan advisers will help you make an informed decision.

Example Apr

We compare loans that can be paid back over terms of between 1 and 25 years. The APR interest rate you’ll be charged depends on your personal circumstances, and will be between 3.2% and 99.9%.
This is a representative example of what it may cost: a Loan of £7,500 over 60 months at 3.3% APR would equate to monthly repayments of £135.60, and the total cost of the loan that you pay back would be £8,136.22