The next best sms loans are unsecured loans that you can get approved for. These loans are usually repaid within one or two weeks. They do not require you mortgagor your valuable possessions, which is a clear advantage for you as it is not possible for the lender to take your possessions as payment. The disadvantage of this type of loan is that you are asked to pay a higher interest rate than you would on a secured loan. With this kind of loan you can borrow up to 50,000 pounds, which is something more than you can borrow through. a payday loan. In this way it is possible for you to borrow more than the 1000 pounds which can be borrowed through a payday loan.