Alliance and Leicester Unsecured Personal Loan Review

Alliance and Leicester are part of the Santander banking group and offer unsecured personal loans of between £1000 and £20,000. Alliance and Leicester offers personal loans to both existing and new customers. Loans are only available to UK residents aged 21 or over and are subject to status. Loans are not available to residents of Channel Islands and Isle of Man. Alliance & Leicester loans of between £7,500 - £15,000 applied for online. A & L will review your past credit history and other personal details and the actual rate A & L offer may be higher depending on Alliance and Leicester's assessment of your personal circumstances and financial behaviour. Loan applications take about 10 minutes online and you can expect a decision within 24 hours. The first monthly payment is payable 30 days from the date you receive the loan funds Alliance and Leicester offer a range or repayment options on personal loans of 12 - 60 months in monthly intervals. The interest charged on Alliance and Leicester personal loans is added to the total loan at the beginning of the loan term. The charge is calculated by applying the agreed rate to the loan balance on the basis that you will be paying part of the loan (capital) each month, over the chosen term. This results in a larger amount of interest being attributed in the early months of the agreement than in the later months. The interest rate applicable to your A & L agreement will be fixed for the life of the loan. If you take out the Alliance and Leicester Optional loan repayment insurance this includes insurance premium tax.

Alliance and Leicester can also provide instant access savings accounts, current accounts and bank accounts, credit cards, home insurance, travel insurance and car insurance.