Unsecured loan for £25,000 plus?

rover25

Would any bank lend more than £25,000 eg £30,000 unsecured. What about the bank I have my accounts with eg current accts, mortgage etc with

ob0t

rover25 wrote: »

Would any bank lend more than £25,000 eg £30,000 unsecured. What about the bank I have my accounts with eg current accts, mortgage etc with

Natwest did me an unsecured flexi-loan for £40k. Interest is calculated daily, and is variable (tracks BoE base). There's also an arrangement fee, which I believe is 2% of the loan amount as standard.

rover25

Thanks for your reply. Good to know there are options there, though I suppose it depends on your circumstances.

jonesMUFCforever

Although ob0t seems to indicate that he has one I would suggest this was opened before the credit crunch.
The CCA only covers lender and borrowers up to £25000 (capital) therefore I would suggest it will be nigh impossible for you to get an unsecured loan nowadays for more than this.

~Brock~

jonesMUFCforever wrote: »

Although ob0t seems to indicate that he has one I would suggest this was opened before the credit crunch.
The CCA only covers lender and borrowers up to £25000 (capital) therefore I would suggest it will be nigh impossible for you to get an unsecured loan nowadays for more than this.

This is no longer true - the £25k limit has been scrapped this year.

I would tend to agree, however, that any bank would be unlikely to be willing to lend over this amount on an unsecured basis in the current economic situation.

keithboy40

ob0t wrote: »

Natwest did me an unsecured flexi-loan for £40k. Interest is calculated daily, and is variable (tracks BoE base). There's also an arrangement fee, which I believe is 2% of the loan amount as standard.

How long did you take this loan out for