Understanding Loans by Uncle Buck

In this article Bertie Buck takes you through often asked questions about loans in general. For more info, you can always visit our Help & Support section. What is a loan? At its most basic level, a loan is something that is borrowed. Books are loaned from libraries, for example.

What are loans for?

Loans are one possible solution to help manage the peaks and troughs in income and expenditure or to help finance projects where you don’t want to dip into your savings. Loans are not an easy solution and proper consideration should always be given to the decision to borrow, how long for, how much, and who from.