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.

Maximum pending charges can vary depending on where you buy fuel:

• Sainsbury’s (up to £100)

• Morrisons (up to £100)

• Asda (up to £99)

If you have less than what the fuel station requires, you'll still be able to use Pay at Pump. 

We'll check how much money is available in your balance and communicate this to the pump. This will help determine how much you can spend on fuel. For example, if you have £40 in your account, you can purchase fuel for a maximum of £40. In such cases, we'll hold all the money available in your account, and if you fuel up for less than what you have, we'll release the difference shortly. This process is called 'partial authorisation' and all merchants should accept it, however, keep in mind that some may not.