What is an unsecured loan? How does it differ from a secured loan?

A secured business loan is money borrowed or secured against an asset you already own. This could be something like a car, premises or anything or value that will be used to secure payment to the creditor in the event that you are unable to repay the loan. In contrast, an unsecured business loan doesn’t require you to provide anything as security. Instead, you borrow a lump sum and then pay this back with interest over an agreed timeframe.

• Make card payments in GBP to foreign merchants

• Withdraw a local currency from an ATM abroad, and be billed in GBP 

While seeing the final amount in your home currency before checkout makes it easier to understand the price, it will cost you extra because of varying exchange rates and additional fees.

To only pay our standard card transaction fees, choose to pay foreign merchants, including ATMs, without conversion, in their local currency.