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Loan guides

Picking the loan that's best for you can seem difficult.

There are many different terms used to describe loans, like home credit, personal or unsecured. The list can seem endless. Bearing this in mind, we’ve put together a selection of loan guides, to tackle all the confusing parts of taking out a loan.

Our loan guides can help you decide what type of loan is best for you, by giving you information on the different types available. Whether you're after information on guarantor loans or payday loans, you'll find something useful here

As well as looking at loan types, we have provided some information on what you might be eligible for. There's a guide here for everyone; whether you have a less than perfect credit history, you're unemployed or you have a guarantor. Our guides try to explain your options in a little more detail.

Finally, we've put together some guidelines on the details. Terms like APR and interest rate are used a lot in the financial industry - but if you're confused, our loan guides will simplify terms like these for you, so you can make a more informed decision.

Also - check out our jargon buster and how it works section for information related more specifically to how our loans work here at Morses Club.

Types of loan

Home credit loans also known as doorstep loans, involve an Customer Support Associate coming to your home to process and approve your loan as well as collect the repayments afterwards.

Home credit loans

A guarantor loan, involves someone signing for a loan with you, they will be responsible for making repayments if you are unable to do so.

Guarantor loans

A payday loan is a type of short-term loan that is designed to cover you until your next payday. You will then repay the full loan amount and interest when you next get paid.

Payday loans

A personal loan is a type of unsecured loan, taken out to cover personal or household purchases rather than purchases for a business.

Personal loans

With a secured loan, the money you borrow is ‘secured’ against an asset you own, like your house or your car.

Secured loans

With an unsecured loan, your application is supported on your affordability and credit history rather than any of your assets.

Unsecured loans

With an instalment loan, you borrow money from a lender and pay the loan back in a series of regular payments.

Instalment loans