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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.

Members on Tide Smart, Pro or Max plan will not receive currency exchange fees. 

If you're considering an upgrade to one of these plans, here are the options available to you.

Currency exchange fees apply to your Tide card, Apple Pay, and Google Pay for: 

  • In-store and online purchases in non-GBP currencies

  • ATM withdrawals (in addition to our £1 fee for cash withdrawals; some ATMs may also charge an extra, separate fee for using the machine)

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