Compare the best secured loans bad credit rates currently on offer from UK lenders and find the cheapest secured loan for bad credit that suits your borrowing in minutes. We make finding and applying for a cheap bad credit secured loan simple so you don't pay more even if you have an adverse credit rating history.

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Loan Type | Max LTV | Loan | Annual Rate | Term | |||||

Minimum | Maximum | Minimum | Maximum | ||||||

Prestige Finance Secured loan for thoses with mild adverse credit | Secured | 70% | £10,000 | £100,000 | 12.5% | 3 years | 25 years | ||

Representative Example: The Representative APR is 16.15% (variable) so if you borrow £20000 over 10 years at a rate of 12.5% p.a. (variable) you will repay £323.49 per month & total amount payable £38,818.80. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Blemain Finance Large Medium Adverse Secured Loan | Secured | 55% | £50,001 | £500,000 | 13.76% | 3 years | 30 years | ||

Representative Example: The Representative APR is 15.6% (variable) so if you borrow £250000 over 25 years at a rate of 13.76% p.a. (variable) you will repay £3115.07 per month & total amount payable £934,521.00. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Blemain Finance Large Heavy Adverse Secured Loan | Secured | 50% | £25,001 | £500,000 | 14.96% | 3 years | 30 years | ||

Representative Example: The Representative APR is 17.3% (variable) so if you borrow £150000 over 20 years at a rate of 14.96% p.a. (variable) you will repay £2092.68 per month & total amount payable £502,243.20. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Blemain Finance Secured loan for those with heavy adverse credit | Secured | 60% | £3,000 | £30,000 | 14.99% | 3 years | 30 years | ||

Representative Example: The Representative APR is 21.1% (variable) so if you borrow £15000 over 10 years at a rate of 14.99% p.a. (variable) you will repay £274.57 per month & total amount payable £32,948.40. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Blemain Finance Heavy adverse BTL loan rates | Secured | 60% | £5,000 | £75,000 | 14.99% | 3 years | 30 years | ||

Representative Example: The Representative APR is 19.3% (variable) so if you borrow £40000 over 15 years at a rate of 14.99% p.a. (variable) you will repay £636.99 per month & total amount payable £114,658.20. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Central Trust Ltd Large Loan 16.2% APR | Secured | 70% | £10,001 | £50,000 | 15% | 5 years | 25 years | ||

Representative Example: The Representative APR is 18.8% (variable) so if you borrow £20000 over 10 years at a rate of 15% p.a. (variable) you will repay £351.71 per month & total amount payable £42,205.20. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Spring Finance Secured loan for those with adverse credit | Secured | 65% | £10,000 | £50,000 | 15% | 5 years | 25 years | ||

Representative Example: The Representative APR is 21.02% (variable) so if you borrow £15000 over 10 years at a rate of 15% p.a. (variable) you will repay £282.25 per month & total amount payable £33,870.00. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Central Trust Ltd Small Loan 16.2% APR | Secured | 70% | £3,000 | £10,000 | 15.6% | 3 years | 15 years | ||

Representative Example: The Representative APR is 22.5% (variable) so if you borrow £5000 over 5 years at a rate of 15.6% p.a. (variable) you will repay £133.79 per month & total amount payable £8,027.40. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Evolution Money Adverse credit acceptable | Secured | 110% | £5,000 | £10,000 | 23.1% | 3 years | 10 years | ||

Representative Example: The Representative APR is 32.2% (variable) so if you borrow £8500 over 6 years at a rate of 23.1% p.a. (variable) you will repay £246.1 per month & total amount payable £17,719.20. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Equifinance Secured loan for thoses with a poor credit rating | Secured | 65% | £15,000 | £30,000 | 23.4% | 5 years | 20 years | ||

Representative Example: The Representative APR is 31.1% (variable) so if you borrow £20000 over 10 years at a rate of 23.4% p.a. (variable) you will repay £488.76 per month & total amount payable £58,651.20. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Equifinance Secured loan for thoses with a poor credit rating | Secured | 70% | £10,000 | £15,000 | 23.4% | 5 years | 20 years | ||

Representative Example: The Representative APR is 35.8% (variable) so if you borrow £10000 over 5 years at a rate of 23.4% p.a. (variable) you will repay £329.54 per month & total amount payable £19,772.40. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Equifinance Secured loan for thoses with a poor credit rating | Secured | 75% | £5,000 | £10,000 | 23.4% | 5 years | 20 years | ||

Representative Example: The Representative APR is 42.4% (variable) so if you borrow £5000 over 5 years at a rate of 23.4% p.a. (variable) you will repay £180.33 per month & total amount payable £10,819.80. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Evolution Money Our highest equity secured loan | Secured | 120% | £5,000 | £10,000 | 30.6% | 3 years | 10 years | ||

Representative Example: The Representative APR is 42.4% (variable) so if you borrow £7500 over 5 years at a rate of 30.6% p.a. (variable) you will repay £270.24 per month & total amount payable £16,214.40. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Evolution Money No equity, no problem | Secured | 150% | £3,000 | £6,000 | 34.5% | 3 years | 5 years | ||

Representative Example: The Representative APR is 49.2% (variable) so if you borrow £4500 over 4 years at a rate of 34.5% p.a. (variable) you will repay £191.19 per month & total amount payable £9,177.12. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Evolution Money Unlimited equity loans up to £5,500 | Secured | 150% | £2,000 | £5,500 | 42.6% | 1.5 years | 5 years | ||

Representative Example: The Representative APR is 63% (variable) so if you borrow £3500 over 3 years at a rate of 42.6% p.a. (variable) you will repay £189.17 per month & total amount payable £6,810.12. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||

Evolution Money Unlimited equity loan up to £3,000 | Secured | 150% | £1,000 | £3,000 | 51.1% | 1 year | 3 years | ||

Representative Example: The Representative APR is 82.5% (variable) so if you borrow £2000 over 2 years at a rate of 51.1% p.a. (variable) you will repay £146.96 per month & total amount payable £3,527.04. You must be a homeowner to apply as this loan will be secured against your home. |

Secured loans typical APR: 16.8% variable.

money.co.uk, Dot Zinc Limited, 160 Fleet Street,London. EC4A 2DQ. We are a Credit Broker for all consumer credit products listed on money.co.uk.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

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You may want to compare the above loans with the following.

- £0 minimum arrangement fee is offered to you.
- Maximum loan term of 7 years is offered with Internet Loan (Existing Customers).
- Representative APR of 4.9% is available with this loan.
- £0 arrangement fee (£) is offered with Internet Loan (Existing Customers).
- £0 max arrangement fee is available with Internet Loan (Existing Customers).
- 1 yr minimum loan duration is available with the loan.
**Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.**

- 2 months deferred start is offered with Standard Small Loan (£5K-£7499) (1-3 Yrs).
- The Sainsbury's Bank loan has a 1st payment due of 30 days.
- Standard Small Loan (£5K-£7499) (1-3 Yrs) offers a minimum loan of £5,000.
- A 1 yr minimum loan term is offered.
- Enjoy an arrangement fee (£) of £0.
**Representative Example: The Representative APR is 5.6% (fixed) so if you borrow £5,000 over 2 years at a rate of 5.6% p.a. (fixed) you will repay £220.39 per month & £5,289.36 in total.**

- Get 1st payment due of 30 days.
- New customers get 2 yrs minimum loan term from the Standard Large Loan (2-3 Yrs).
- Arrangement fee (%) of 0 percent is offered with Standard Large Loan (2-3 Yrs).
- Customers get 3 years max loan term.
- Benefit from a representative APR of 6.5 percent from this loan.
**Representative Example: The Representative APR is 6.5% (fixed) so if you borrow £20,000 over 3 years at a rate of 6.5% p.a. (fixed) you will repay £611.29 per month & £22,006.44 in total.**

- Customers get representative APR of 4.5 percent.
- Minimum loan period of 4 years is offered.
- 30 days first payment due is available with this loan.
- You benefit from £0 arrangement fee (£) from this Standard Medium Loan (4-5 Yrs).
**Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.**

- This Creation Loan has a 0 percent arrangement fee (%).
- This Loan has a representative APR of 14.9%.
- 30 days 1st payment due is available with this loan.
- Take advantage of an arrangement fee (£) of £0 from the Loan.
**Representative Example: The Representative APR is 14.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 14.9% p.a. (fixed) you will repay £273.11 per month & £13,109.28 in total.**

- 6 months minimum loan duration.
- Minimum loan of £1,000 is available.
- £4,000 to £4,999 representative loan amount is available with the loan.
- This loan has 30 days 1st payment due.
**Representative Example: The Representative APR is 11.7% (fixed) at a rate of 11.7% p.a. (fixed)Arrangement fee £128.35.**

Bank loans for bad credit almost always charge you a higher interest rate than if you had a fair or good credit rating. This is because the bank needs to protect the extra risk it's taking in lending to someone with a poor credit history.

However, by opting for secured loans bad credit doesn't have to go hand in hand with unaffordable rates.

If you are looking for a loan with bad credit, offering your home as security reduces the lender's risk so they can afford to charge lower rates than you'd get on unsecured borrowing.

Whether you want debt consolidation loans for bad credit or you want to borrow to buy a new car, this means poor credit secured loans could be your cheapest and most available source of borrowing.

To get the right loan for you, you'll need to establish a budget and work out your priorities before you apply.

## How much money do you need to borrow?

Consider the size of loan you need and what you need it for. You should always try to borrow the minimum amount you can; however if you want to start paying off existing debt it may be a good idea to include some contingency when you compare monthly instalment loans bad credit lenders are willing to give you.

Once your budget is set, compare it to each lender's minimum/maximum loan amounts to filter out any unsuitable loans.

It's likely you'll only be able to borrow an amount that equals the equity you have in your property because this is the part of your home that you own outright.

You can work this out by comparing the value of your property to the mortgage you have outstanding - the difference is the maximum amount you're likely to be able to borrow. If you have other loans secured on your property you'll also need to deduct this amount.

## What loan term do you need?

The duration of your loan is more likely to be negotiable than the basic amount you need to borrow. Most lenders provide loans for between 3 and 25 years, although some may offer different terms.

Consider what amount you can afford to pay back each month, and how long it would take you to pay your loan back in full based on that figure. You can then compare your minimum loan term to the options offered by individual lenders to find relevant products.

## What security can you use?

In very rare cases a lender may allow you to use your car as security, although homeowner loans bad credit are far more common and use your home itself as security.

A loan secured on property means the bank can repossess your house as compensation if you were not able to keep up with repayments.

This means you should only consider taking out home credit loans if you're confident you won't have problems with repayment otherwise you could face losing our house if you fall behind.

In some cases it might be worth getting a form of income or illness cover to protect your repayments.

## Getting the best interest rates

Once you've found which loans match your specific needs, you can use our secured loan bad credit comparison table to find the cheapest options. Overall, even secured loans for very bad credit can be affordable if you shop around and compare loans that match your specific priorities.

Bear in mind that long term loans with bad credit may receive lower interest rates, but over a long period they'll add up to being slightly more expensive. So, aim to balance what you can afford to pay monthly against paying the balance off as quickly as you can to get the best deal.

To find out more take a look at our guides How to Get the Best Consolidation Loans and Can You Get an Unsecured Loan with Bad Credit?