Personal Loans

If you are thinking about taking out a loan it is important to understand the different products and providers in the market. Personal loans are the most common type of borrowing and may be one of the biggest commitments you will make.

At Western Trust Funding, we understand personal loans are as individual as the people applying for them. So we personalize loan solutions to meet your unique needs. But one thing is always the same for every Western Trust Funding customer: we strive to make borrowing easy, convenient, and affordable.

Personal loans are forms of unsecured finance, meaning they are not tied to any form of collateral, such as your home or car. This is unlike a secured loan where if you do not meet your monthly repayments the assets used to secure the loan can be used to recover the outstanding balance.

How Do Personal Loans Work?

When you apply for a personal loan, We will assess your application in detail and consider the potential risks of lending you the money you need. If all goes well and you are approved, you will receive the amount of money you applied for.

When you apply you will need:

• An active email account which you can access
• A computer, internet enabled smartphone or touchscreen device
• Your contact details (such as your email address and mobile number)
• Your home address
• Your employment details (such as your employer’s name, address and contact details)
• Details of your debit bank account
• A breakdown of your outgoings so lenders can assess your affordability

If your application is approved, you will repay the sum borrowed, plus any interest, over regular monthly repayments. The timeframe of your loan obligations will be determined by the specific terms of your loan agreement.