Loans by Mal personal loans
Loans by Mal is a web-based lender offering unsecured personal loans, meaning you will not need to provide an asset, such as a house or car, as collateral to apply for this loan.
» COMPARE: Personal loans
How much can I borrow?
Loans by Mal currently offers loans of between £1,000 and £5,000, paid back over a term of either 12, 18 or 24 months.
How much you borrow, and your financial circumstances, will inform how much the loan will cost you overall.
What are the interest rates on Loans by Mal?
The interest rate offered on your Loans by Mal loan will depend on your personal financial circumstances, including your credit history, as well as how much you borrow and how long you borrow for.
The interest rate you are offered will be fixed for the entire duration of the loan term.
Can I get a joint loan from Loans by Mal?
At present it is not possible to get a joint loan from Loans by Mal. A joint loan is when more than one person signs up for, and is therefore liable to repay, a loan.
This can include mortgages and overdrafts on joint bank accounts, as well as joint personal loans.
Can I get a secured loan from Loans by Mal?
Currently, Loans by Mal does not offer secured loans.
A secured loan, unlike an unsecured loan, requires you to supply an asset of value, such as a house, as a security against your loan.
» COMPARE: Secured loans