If you need a small loan, it can be hard to know what will be the cheapest way to borrow the money you need. Here we look at small unsecured loans, credit cards and other options you might not have thought of for getting a small loan.
Small unsecured loans
You may be able to get a small unsecured loan, but it will depend on just how small the amount you want to borrow is. Some lenders will give loans for as little as £250 or £500 but you may find this comes with a very high APR.
Other unsecured loan providers may have more competitive rates, but will not lend much less than £1000, so whether or not an unsecured loan is right for you depends on the amount you need to borrow and the loans available for that amount.
Small unsecured loans
You may be able to get a small unsecured loan, but it will depend on just how small the amount you want to borrow is. Some lenders will give loans for as little as £250 or £500 but you may find this comes with a very high APR.
Other unsecured loan providers may have more competitive rates, but will not lend much less than £1000, so whether or not an unsecured loan is right for you depends on the amount you need to borrow and the loans available for that amount.
