A Giraffe loan is a personal loan. That is to say it is an unsecured loan; your house is not security for the loan. In fact, Giraffe only offers personal loans. You may borrow any amount between £2,000 - £15,000 over any period between 12 months and five years.

You need to be at least 24 years to take out a Giraffe Personal Loan. Giraffe also stipulates a minimum income requirement for its borrowers; you need to be earning at least £20,000 a year.

You can pay your Giraffe loan off early, however the firm does charge a penalty for doing so equal to 2 months interest. Alternatively, you may wish to take advantage of the option to have a payment holiday.

With your Giraffe loan, you may have up to two months repayment holidays during any 12 month period. Payment holiday month(s) must be chosen when applying for your loan but you cannot choose the first due month of your loan repayments as a holiday month. Payment Holiday month(s) cannot be consecutive and cannot be varied from year to year, so choose them wisely!

Giraffe Money is a trading name operated by Bristol & West, the former building society which is now part of the Bank of Ireland Group. Giraffe Money aims to offer competitive personal loans. To so it operates a low cost, no advertising approach.

The firm claims you won't find Giraffe loans anywhere else but in best interest rate tables! You may like the idea of a firm that focuses so specifically on trying to create a competitive product.

The no frills approach means that a Giraffe loan is designed specifically for people who know what they want from a loan and do not require advice.

Do you want to stick your neck out with Giraffe? Is a Giraffe loan right for you and your circumstances? It is always worth shopping around before making your decision; to make sure you are choosing the right personal loan for you, you should use a comparison tool like Moneyextra's Personal Loan Search.