Eskimo Loans offers a range of unsecured loans on a fixed rate of interest. Although the lender will advertise a headline typical APR fixed rate not every applicant will qualify for cheap loans. Instead the interest rate you get will depend on your employment status credit checks and individual application.

You may borrow any amount from £1000 up to £25000 with Eskimo Loans although the fixed interest rates are higher for smaller personal loans between £1000 and £4999.

Eskimo Loans allows borrowers to repay the debt over the course of between one and eight years. There are no arrangement fees on personal loans from Eskimo and the funds will be transferred on the same day as accepted application documents are received.

Payment Protection Insurance - called Loanprotect - is available on all unsecured loans from Eskimo on a tiered scale of bronze silver and gold. This will provide different levels of cover if you cannot meet your personal loan repayments in the event of illness accident or losing your job.

Eskimo only offers unsecured loans and does not offer secured loans.

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2009-03-03 09:31:04 © Moneyextra.com