An unsecured loan from Uncle Buck allows you to apply to borrow up to £1,000 without needing you to put down any form of security such as a car or home. Subject to eligibility, the outcome of your application is based on factors such as your employment status, credit score and affordability, rather than the value of your personal assets.

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Borrowing an unsecured loan product can give you peace of mind knowing that none of your valuables are at risk of being repossessed if you do not keep up with repayments. However, customers that fall behind on repayments may be charged a late payment fee, be required to pay additional interest and their credit rating may fall as missed/late payments may be reported to credit reference agencies.  These records may be seen by other lenders and may make getting credit more difficult in the future.


The Advantages of Unsecured Loans

  • Same day funds – Something that helps the speed of receiving funds on an unsecured loan is the lender does not have to assess the value of your assets – so credit and affordability checks can be carried out quickly and, if approved, funds can be transferred on the same day.

At Uncle Buck, we typically transfer funds within 15 minutes of approval. We transfer funds daily between 6am and 11pm, so if you have completed the application form and have passed our relevant checks, you can receive funds very quickly indeed.  If your bank does not support Faster Payment, then funds may take longer to reach your account.

  • No security or deposit necessary – With unsecured loans, you do not have to put down anything as collateral. You do not need to be a homeowner or car owner to be eligible and you can apply provided that you over 18 years of age, living in the UK, in employment, have a UK bank account and debit card and able to afford the routine repayments when they fall due.
  • No repossessions – With secured products that require some form of security, you always run the risk of these being repossessed if you cannot maintain repayments in accordance with the terms of the agreement. This can include items like your home, jewellery, watch or art being retrieved by the lender. Fortunately, with an unsecured loan, you will not have anything repossessed however there are additional fees and consequences if you cannot keep up with repayments.

It is important to remember that our loans are designed for the short term and are not suitable as a means of longer term finance, or for customers in financial difficulty.  If you feel you cannot manage your finances adequately, you may wish to consider not for profit independent debt counselling agencies offering free, confidential and impartial debt advice that may be able to help you get back on track.  When considering taking out a short term unsecured loan, you should always think about possible alternatives, of if you really need to borrow at all.

How It Works with Uncle Buck 

Uncle Buck is a responsible lender that is authorised and regulated by the Financial Conduct Authority (FCA). We have been trading since 2004 and offer unsecured short term loans that are repaid in weekly, fortnightly or monthly instalments.

Representative Example: Borrow £300 over 4 months with three repayments of £111.89 and a final repayment of £107.28 totalling £442.95. The interest rate is 292% pa (fixed). Representative 1244.0% APR

Our unsecured loans are typically used for emergency purposes such as fixing things around the home and urgent car repairs. Customers have peace of mind knowing that, if approved, they will receive their funds in one lump sum to pay for their emergency and then have the flexibility to repay their loan over a maximum six month period. Plus, customers have the option to repay their loans early at any time and if settled before the due date, they may be eligible for a rebate of interest, saving them money overall.

Our application is completely online and can be completed on a desktop, mobile or tablet. We ask a few simple questions about you, your employment, income, expenditure and bank details and we are able to give you an immediate provisional decision. If we require any further information from you, we will let you know. Assuming you have passed all the relevant checks, the funds can be transferred to your account within 15 minutes.  We make transfers every day between the hours of 6am–11pm.

Unsecured Loans with Bad Credit 

By having a poor credit score, it may limit your chances of being approved for an unsecured loan. This is because lenders will consider that if you have a history of missed repayments, you may be a riskier person to lend to. Similarly, the provider will not have any security or assets that they could potentially recover from you if you fail to repay what is owed.

There are several ways to improve your credit score such as joining the electoral roll, closing any lines of credit that you are not using and using credit builder credit cards to build up your rating. (Source: MoneyAdviceService) 

Unsecured Loans with Good Credit 

Applicants with good credit ratings will increase their chances of being approved for an unsecured loan. This is because they have built up a history of repaying loans and credit on time and therefore the lender considers them to be lower-risk. The customer must also support their application with employment and affordability information – but typically those with good credit can access the finance they need and be able to borrow higher amounts than those with poor credit.

For More Information 

If you have any questions about our unsecured loans or company, feel free to get in touch with our customer service team on 01959 543400 or email us at We are based in Kent, near London and open Monday to Friday, 08:00 to 20:00 and on Saturdays from 09:00 – 17:00.