Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Typical APR 26.8% variable.

Central Trust Ltd Fixed Rate Secured Loan
Loan Type
Secured
(Maximum LTV 60%)
Loan Amount
£10,000 to £70,000
Annual Rate
11%
Loan Term
3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd Micro Secured Loan
Loan Type
Secured
(Maximum LTV 60%)
Loan Amount
£3,000 to £9,999
Annual Rate
11.4%
Loan Term
3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd Fixed Rate Secured Loan
Loan Type
Secured
(Maximum LTV 70%)
Loan Amount
£10,000 to £50,000
Annual Rate
12%
Loan Term
3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd Micro Secured Loan
Loan Type
Secured
(Maximum LTV 70%)
Loan Amount
£3,000 to £9,999
Annual Rate
12.4%
Loan Term
3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Prestige Finance Near Prime Secured Loan
Loan Type
Secured
(Maximum LTV 70%)
Loan Amount
£10,000 to £100,000
Annual Rate
12.5%
Loan Term
3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Central Trust Ltd Fixed Rate Secured Loan
Loan Type
Secured
(Maximum LTV 70%)
Loan Amount
£50,001 to £70,000
Annual Rate
12.99%
Loan Term
3 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance Large Medium Adverse Secured Loan
Loan Type
Secured
(Maximum LTV 55%)
Loan Amount
£50,001 to £500,000
Annual Rate
13.76%
Loan Term
3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Norton Finance Fast Track Secured Loan
Loan Type
Secured
(Maximum LTV 55%)
Loan Amount
£10,000 to £30,000
Annual Rate
13.88%
Loan Term
1 year to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Norton Finance Fast Track Secured Loan
Loan Type
Secured
(Maximum LTV 55%)
Loan Amount
£3,000 to £9,999
Annual Rate
14.89%
Loan Term
1 year to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Norton Finance Standard Secured Loan
Loan Type
Secured
(Maximum LTV 65%)
Loan Amount
£10,000 to £30,000
Annual Rate
14.89%
Loan Term
1 year to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance Large Heavy Adverse Secured Loan
Loan Type
Secured
(Maximum LTV 50%)
Loan Amount
£25,001 to £500,000
Annual Rate
14.96%
Loan Term
3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Blemain Finance Heavy Adverse Secured Loan
Loan Type
Secured
(Maximum LTV 60%)
Loan Amount
£3,000 to £30,000
Annual Rate
14.99%
Loan Term
3 years to 30 years
You must be a homeowner to apply as this loan will be secured against your home.
Spring Finance Heavy Adverse Secured Loan
Loan Type
Secured
(Maximum LTV 65%)
Loan Amount
£5,000 to £100,000
Annual Rate
15%
Loan Term
5 years to 25 years
You must be a homeowner to apply as this loan will be secured against your home.
Norton Finance Standard Secured Loan
Loan Type
Secured
(Maximum LTV 65%)
Loan Amount
£3,000 to £9,999
Annual Rate
15.89%
Loan Term
1 year to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Equifinance Adverse Secured Loan
Loan Type
Secured
(Maximum LTV 70%)
Loan Amount
£5,000 to £30,000
Annual Rate
19.2%
Loan Term
5 years to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Equifinance Adverse Secured Loan
Loan Type
Secured
(Maximum LTV 75%)
Loan Amount
£5,000 to £15,000
Annual Rate
19.2%
Loan Term
5 years to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Equifinance Adverse Secured Loan
Loan Type
Secured
(Maximum LTV 65%)
Loan Amount
£5,000 to £10,000
Annual Rate
21.6%
Loan Term
5 years to 20 years
You must be a homeowner to apply as this loan will be secured against your home.
Evolution Money Near Prime Secured Loan
Loan Type
Secured
(Maximum LTV 110%)
Loan Amount
£5,000 to £10,000
Annual Rate
23.1%
Loan Term
3 years to 10 years
You must be a homeowner to apply as this loan will be secured against your home.
Evolution Money Near Prime Secured Loan
Loan Type
Secured
(Maximum LTV 120%)
Loan Amount
£5,000 to £10,000
Annual Rate
30.6%
Loan Term
3 years to 10 years
You must be a homeowner to apply as this loan will be secured against your home.
Evolution Money Near Prime Secured Loan
Loan Type
Secured
(Maximum LTV 150%)
Loan Amount
£3,000 to £6,000
Annual Rate
34.5%
Loan Term
3 years to 5 years
You must be a homeowner to apply as this loan will be secured against your home.

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How to Compare Secured Loans for Bad Credit

by BillJ

If you have an adverse credit history but need to borrow then opting for a secured loan could be key to getting the best rates. We help you compare secured loans for people with bad credit so you get the best deal.

Pile Of Pound Coins

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, when it comes to secured loans bad credit doesn't have to go hand in hand with unaffordable rates. In some cases a bad credit secured loan could be a good option.

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 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 it is a lot more common for loans to be issued to those who own their own home.

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?