Compare Secured Loans

Compare secured loans from all the cheap secured loan providers in the UK side by side, see who offers the cheapest secured loan rates at a glance and apply for the best homeowner loan in minutes. Our personal secure loans comparison makes it easy to find the cheapest homeowner loans that suit your circumstances.

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	Loan Type	Max LTV	Loan		Term		APR
	Loan Type	Max LTV	Minimum	Maximum	Minimum	Maximum	APR
Nemo Personal Finance Low APR Loan funded by Principality Building Soc.	Secured	55%	£40,000	£200,000	3 years	25 years	5.7%
Representative Example: The representative APR is 7.3% so if you borrow £40000 over 15 years at a rate of 5.7% you will repay £361.67 per month & total amount payable £65,100.60. Available to home owners only.
Nemo Personal Finance Loan for Self Employed 6.7%	Secured	55%	£40,000	£200,000	3 years	25 years	6.7%
Representative Example: The representative APR is 8.4% so if you borrow £40000 over 10 years at a rate of 6.7% you will repay £384.26 per month & total amount payable £46,111.20. Available to home owners only.
Prestige Finance 6.75% Loan at High LTV	Secured	70%	£20,000	£60,000	3 years	25 years	6.75%
Representative Example: The representative APR is 10.19% so if you borrow £20000 over 10 years at a rate of 6.75% you will repay £261.45 per month & total amount payable £31,374.00. Available to home owners only.
Shawbrook Bank Platinum Loan	Secured	70%	£20,000	£200,000	3 years	25 years	6.9%
Representative Example: The representative APR is 9.2% so if you borrow £40000 over 15 years at a rate of 6.9% you will repay £402.23 per month & total amount payable £72,401.40. Available to home owners only.
Nemo Personal Finance Large Secured Loan	Secured	70%	£40,000	£200,000	3 years	25 years	7.2%
Representative Example: The representative APR is 8.9% so if you borrow £40000 over 15 years at a rate of 7.2% you will repay £395.88 per month & total amount payable £71,258.40. Available to home owners only.
Nemo Personal Finance Low Rate Secured Loan	Secured	65%	£7,500	£39,999	3 years	25 years	7.4%
Representative Example: The representative APR is 9.8% so if you borrow £15000 over 10 years at a rate of 7.4% you will repay £193.28 per month & total amount payable £23,193.60. Available to home owners only.
Prestige Finance Affordable Loan at High LTV	Secured	70%	£20,000	£60,000	3 years	25 years	7.5%
Representative Example: The representative APR is 11.06% so if you borrow £20000 over 10 years at a rate of 7.5% you will repay £270.28 per month & total amount payable £32,433.60. Available to home owners only.
Nemo Personal Finance Loan for Self Employed 8.2%	Secured	70%	£40,000	£200,000	3 years	25 years	8.2%
Representative Example: The representative APR is 10% so if you borrow £40000 over 10 years at a rate of 8.2% you will repay £419.07 per month & total amount payable £50,288.40. Available to home owners only.
Nemo Personal Finance High LTV Secured Loan	Secured	70%	£7,500	£39,999	3 years	25 years	8.4%
Representative Example: The representative APR is 10.9% so if you borrow £15000 over 10 years at a rate of 8.4% you will repay £201.27 per month & total amount payable £24,152.40. Available to home owners only.
Nemo Personal Finance Loan for Self Employed 8.4%	Secured	65%	£7,500	£39,999	3 years	25 years	8.4%
Representative Example: The representative APR is 10.9% so if you borrow £15000 over 10 years at a rate of 8.4% you will repay £201.27 per month & total amount payable £24,152.40. Available to home owners only.
Shawbrook Bank Secured Loan from 8.9%	Secured	75%	£5,000	£60,000	3 years	25 years	8.9%
Representative Example: The representative APR is 12.4% so if you borrow £30000 over 10 years at a rate of 8.9% you will repay £425.45 per month & total amount payable £51,054.00. Available to home owners only.
Shawbrook Bank Secured Loan from 8.9%	Secured	85%	£5,000	£75,000	3 years	25 years	8.9%
Representative Example: The representative APR is 12.4% so if you borrow £30000 over 10 years at a rate of 8.9% you will repay £425.45 per month & total amount payable £51,054.00. Available to home owners only.
Step One Finance Low rate 8.9%	Secured	60%	£7,500	£50,000	5 years	20 years	8.9%
Representative Example: The representative APR is 11.7% so if you borrow £30000 over 15 years at a rate of 8.9% you will repay £342.78 per month & total amount payable £61,700.40. Available to home owners only.
Nemo Personal Finance Loan for Self Employed 9.4%	Secured	70%	£7,500	£39,999	3 years	25 years	9.4%
Representative Example: The representative APR is 11.9% so if you borrow £15000 over 10 years at a rate of 9.4% you will repay £209.44 per month & total amount payable £25,132.80. Available to home owners only.
Prestige Finance 9.9% Loan at High LTV	Secured	75%	£5,000	£30,000	3 years	25 years	9.9%
Representative Example: The representative APR is 13.9% so if you borrow £15000 over 10 years at a rate of 9.9% you will repay £224.74 per month & total amount payable £26,968.80. Available to home owners only.
Step One Finance Low rate 9.9%	Secured	65%	£7,500	£50,000	5 years	20 years	9.9%
Representative Example: The representative APR is 12.9% so if you borrow £30000 over 15 years at a rate of 9.9% you will repay £363.24 per month & total amount payable £65,383.20. Available to home owners only.
Blemain Finance Prime Rate Loan	Secured	75%	£3,000	£50,000	3 years	30 years	10.29%
Representative Example: The representative APR is 14.3% so if you borrow £15000 over 10 years at a rate of 10.29% you will repay £227.73 per month & total amount payable £27,327.60. Available to home owners only.
Nemo Personal Finance Larger Loan up to £100k	Secured	75%	£7,500	£200,000	3 years	25 years	10.4%
Representative Example: The representative APR is 12.3% so if you borrow £40000 over 15 years at a rate of 10.4% you will repay £472.07 per month & total amount payable £84,972.60. Available to home owners only.
Masthaven Prime Rate Loan	Secured	75%	£5,000	£100,000	3 years	25 years	10.6%
Representative Example: The representative APR is 13.4% so if you borrow £40000 over 15 years at a rate of 10.6% you will repay £495.78 per month & total amount payable £89,240.40. Available to home owners only.
Norton Finance Norton's Lowest APR Loan	Secured	75%	£10,000	£30,000	1 year	20 years	10.9%
Representative Example: The representative APR is 14.5% so if you borrow £20000 over 10 years at a rate of 10.9% you will repay £305.87 per month & total amount payable £36,704.40. Available to home owners only.
Prestige Finance 10.9% Loan at High LTV	Secured	75%	£30,001	£75,000	3 years	25 years	10.9%
Representative Example: The representative APR is 13.91% so if you borrow £40000 over 15 years at a rate of 10.9% you will repay £508.59 per month & total amount payable £61,030.80. Available to home owners only.
Step One Finance Low rate 10.9%	Secured	70%	£7,500	£50,000	5 years	20 years	10.9%
Representative Example: The representative APR is 15.2% so if you borrow £25000 over 10 years at a rate of 10.9% you will repay £390.91 per month & total amount payable £46,909.20. Available to home owners only.
Blemain Finance Second Property Loan	Secured	65%	£50,001	£500,000	3 years	30 years	10.95%
Representative Example: The representative APR is 13% so if you borrow £75000 over 20 years at a rate of 10.95% you will repay £840.06 per month & total amount payable £201,614.40. Available to home owners only.
Blemain Finance Mild Bad Credit Loan	Secured	70%	£3,000	£50,000	3 years	30 years	11.39%
Representative Example: The representative APR is 14.7% so if you borrow £25000 over 15 years at a rate of 11.39% you will repay £329.49 per month & total amount payable £59,308.20. Available to home owners only.
Central Trust Ltd Large Loan 12.6%	Secured	75%	£10,001	£30,000	5 years	30 years	11.4%
Representative Example: The representative APR is 14.4% so if you borrow £20000 over 10 years at a rate of 11.4% you will repay £305.25 per month & total amount payable £36,630.00. Available to home owners only.
Nemo Personal Finance Loan for Self Employed 11.4%	Secured	75%	£7,500	£200,000	3 years	25 years	11.4%
Representative Example: The representative APR is 14.1% so if you borrow £40000 over 10 years at a rate of 11.4% you will repay £603.21 per month & total amount payable £72,385.20. Available to home owners only.
Central Trust Ltd Small Loan 12.6%	Secured	75%	£3,000	£10,000	3 years	15 years	11.64%
Representative Example: The representative APR is 17.6% so if you borrow £5000 over 5 years at a rate of 11.64% you will repay £122.45 per month & total amount payable £7,347.00. Available to home owners only.
Blemain Finance Large Mild Bad Credit Loan	Secured	60%	£50,001	£500,000	3 years	30 years	11.65%
Representative Example: The representative APR is 13.7% so if you borrow £90000 over 20 years at a rate of 11.65% you will repay £1046.42 per month & total amount payable £251,140.80. Available to home owners only.
Masthaven Secured Loan 70% LTV	Secured	70%	£5,000	£80,000	3 years	25 years	11.75%
Representative Example: The representative APR is 14.7% so if you borrow £40000 over 15 years at a rate of 11.75% you will repay £528.12 per month & total amount payable £95,061.60. Available to home owners only.
Masthaven Let-Property Prime Rate Loan	Secured	65%	£5,000	£80,000	3 years	25 years	11.75%
Representative Example: The representative APR is 15.6% so if you borrow £30000 over 10 years at a rate of 11.75% you will repay £475.73 per month & total amount payable £57,087.60. Available to home owners only.
Nemo Personal Finance High LTV Loan 13.1%	Secured	75%	£7,500	£75,000	3 years	25 years	11.9%
Representative Example: The representative APR is 10.7% so if you borrow £40000 over 15 years at a rate of 11.9% you will repay £435.66 per month & total amount payable £78,418.80. Available to home owners only.
Shawbrook Bank Secured Loan from 11.9%	Secured	75%	£5,000	£50,000	3 years	25 years	11.9%
Representative Example: The representative APR is 15.6% so if you borrow £25000 over 10 years at a rate of 11.9% you will repay £396.96 per month & total amount payable £47,635.20. Available to home owners only.
Step One Finance Low rate 11.9%	Secured	75%	£7,500	£50,000	5 years	20 years	11.9%
Representative Example: The representative APR is 16.4% so if you borrow £25000 over 10 years at a rate of 11.9% you will repay £407.17 per month & total amount payable £48,860.40. Available to home owners only.
Step One Finance Self Employed 11.9%	Secured	60%	£7,500	£30,000	5 years	15 years	11.9%
Representative Example: The representative APR is 17.7% so if you borrow £15000 over 10 years at a rate of 11.9% you will repay £254.28 per month & total amount payable £30,513.60. Available to home owners only.
Step One Finance Specialist Buy To Let 11.9%	Secured	60%	£7,500	£50,000	5 years	15 years	11.9%
Representative Example: The representative APR is 15.5% so if you borrow £30000 over 15 years at a rate of 11.9% you will repay £409.39 per month & total amount payable £73,690.20. Available to home owners only.
Masthaven Let-Property Loan 60% LTV	Secured	60%	£5,000	£70,000	3 years	25 years	12.1%
Representative Example: The representative APR is 16.3% so if you borrow £20000 over 10 years at a rate of 12.1% you will repay £325.48 per month & total amount payable £39,057.60. Available to home owners only.
Nemo Personal Finance Low APR Secured Loan	Secured	80%	£7,500	£75,000	3 years	25 years	12.2%
Representative Example: The representative APR is 14.3% so if you borrow £40000 over 15 years at a rate of 12.2% you will repay £516.92 per month & total amount payable £93,045.60. Available to home owners only.
Nemo Personal Finance High LTV Loan 12.2%	Secured	75%	£7,500	£100,000	3 years	25 years	12.2%
Representative Example: The representative APR is 14.3% so if you borrow £40000 over 15 years at a rate of 12.2% you will repay £516.92 per month & total amount payable £93,045.60. Available to home owners only.
Masthaven Secured Loan 60% LTV	Secured	60%	£5,000	£70,000	3 years	25 years	12.25%
Representative Example: The representative APR is 16.2% so if you borrow £30000 over 10 years at a rate of 12.25% you will repay £485.41 per month & total amount payable £58,249.20. Available to home owners only.
Nemo Personal Finance Little Existing Credit	Secured	60%	£7,500	£60,000	3 years	25 years	12.4%
Representative Example: The representative APR is 15.2% so if you borrow £30000 over 10 years at a rate of 12.4% you will repay £469.34 per month & total amount payable £56,320.80. Available to home owners only.
Nemo Personal Finance Platinum Loan	Secured	60%	£7,500	£60,000	3 years	25 years	12.4%
Representative Example: The representative APR is 15.2% so if you borrow £20000 over 10 years at a rate of 12.4% you will repay £312.9 per month & total amount payable £37,548.00. Available to home owners only.
Prestige Finance 12.5% Loan at High LTV	Secured	75%	£5,000	£60,000	3 years	25 years	12.5%
Representative Example: The representative APR is 16.03% so if you borrow £30000 over 15 years at a rate of 12.5% you will repay £419 per month & total amount payable £50,280.00. Available to home owners only.
Central Trust Ltd Large Loan 14.7%	Secured	75%	£10,001	£30,000	5 years	30 years	12.76%
Representative Example: The representative APR is 16% so if you borrow £20000 over 10 years at a rate of 12.76% you will repay £322.37 per month & total amount payable £38,684.40. Available to home owners only.
Nemo Personal Finance Little Existing Credit	Secured	75%	£7,500	£60,000	3 years	25 years	12.9%
Representative Example: The representative APR is 15.7% so if you borrow £30000 over 10 years at a rate of 12.9% you will repay £477.81 per month & total amount payable £57,337.20. Available to home owners only.
Shawbrook Bank Bad Credit Loan	Secured	70%	£5,000	£50,000	3 years	25 years	12.9%
Representative Example: The representative APR is 17.4% so if you borrow £25000 over 10 years at a rate of 12.9% you will repay £428.58 per month & total amount payable £51,429.60. Available to home owners only.
Step One Finance Low rate 12.9%	Secured	80%	£7,500	£50,000	5 years	20 years	12.9%
Representative Example: The representative APR is 17.6% so if you borrow £25000 over 10 years at a rate of 12.9% you will repay £423.78 per month & total amount payable £50,853.60. Available to home owners only.
Step One Finance Self Employed 12.9%	Secured	65%	£7,500	£30,000	5 years	15 years	12.9%
Representative Example: The representative APR is 18.9% so if you borrow £15000 over 10 years at a rate of 12.9% you will repay £264.65 per month & total amount payable £31,758.00. Available to home owners only.
Blemain Finance Average Bad Credit Loan	Secured	65%	£3,000	£50,000	3 years	30 years	12.99%
Representative Example: The representative APR is 16.7% so if you borrow £30000 over 15 years at a rate of 12.99% you will repay £430.59 per month & total amount payable £77,506.20. Available to home owners only.
Blemain Finance Large Average Bad Credit Loan	Secured	55%	£50,001	£500,000	3 years	30 years	12.99%
Representative Example: The representative APR is 15.4% so if you borrow £90000 over 15 years at a rate of 12.99% you will repay £1228.92 per month & total amount payable £221,205.60. Available to home owners only.
Nemo Personal Finance High LTV Loan 13.1%	Secured	80%	£7,500	£60,000	3 years	25 years	13.1%
Representative Example: The representative APR is 12.5% so if you borrow £30000 over 10 years at a rate of 13.1% you will repay £427.3 per month & total amount payable £51,276.00. Available to home owners only.
Nemo Personal Finance High LTV Loan	Secured	80%	£7,500	£60,000	3 years	25 years	13.1%
Representative Example: The representative APR is 15.9% so if you borrow £30000 over 10 years at a rate of 13.1% you will repay £481.27 per month & total amount payable £57,752.40. Available to home owners only.
Nemo Personal Finance Fair Credit-Rating Loan	Secured	70%	£7,500	£60,000	3 years	25 years	13.4%
Representative Example: The representative APR is 16.2% so if you borrow £20000 over 10 years at a rate of 13.4% you will repay £324.24 per month & total amount payable £38,908.80. Available to home owners only.
Nemo Personal Finance High LTV Secured Loan	Secured	85%	£7,500	£60,000	3 years	25 years	13.5%
Representative Example: The representative APR is 16.6% so if you borrow £30000 over 10 years at a rate of 13.5% you will repay £488.22 per month & total amount payable £58,586.40. Available to home owners only.
Norton Finance Secured Loan 75% LTV/13.9%	Secured	75%	£3,000	£30,000	1 year	20 years	13.9%
Representative Example: The representative APR is 18.1% so if you borrow £15000 over 10 years at a rate of 13.9% you will repay £258.64 per month & total amount payable £31,036.80. Available to home owners only.
Step One Finance Self Employed 13.9%	Secured	70%	£7,500	£30,000	5 years	15 years	13.9%
Representative Example: The representative APR is 20.2% so if you borrow £15000 over 10 years at a rate of 13.9% you will repay £275.23 per month & total amount payable £33,027.60. Available to home owners only.
Step One Finance BTL for Self Employed 13.9%	Secured	60%	£7,500	£30,000	5 years	15 years	13.9%
Representative Example: The representative APR is 20.8% so if you borrow £15000 over 10 years at a rate of 13.9% you will repay £279.87 per month & total amount payable £33,584.40. Available to home owners only.
Step One Finance Specialist Buy To Let 13.9%	Secured	70%	£7,500	£50,000	5 years	15 years	13.9%
Representative Example: The representative APR is 18% so if you borrow £30000 over 15 years at a rate of 13.9% you will repay £454.42 per month & total amount payable £81,795.60. Available to home owners only.
Central Trust Ltd Small Loan 14.7%	Secured	75%	£3,000	£10,000	3 years	15 years	14%
Representative Example: The representative APR is 20.5% so if you borrow £5000 over 5 years at a rate of 14% you will repay £129.15 per month & total amount payable £7,749.00. Available to home owners only.
Prestige Finance 14.5% Loan at High LTV	Secured	70%	£5,000	£50,000	3 years	25 years	14.5%
Representative Example: The representative APR is 19.57% so if you borrow £20000 over 10 years at a rate of 14.5% you will repay £360.42 per month & total amount payable £43,250.40. Available to home owners only.
Nemo Personal Finance 90% LTV Secured Loan	Secured	90%	£7,500	£60,000	3 years	25 years	14.9%
Representative Example: The representative APR is 17.8% so if you borrow £30000 over 10 years at a rate of 14.9% you will repay £512.46 per month & total amount payable £61,495.20. Available to home owners only.
Norton Finance Secured Loan 70% LTV/14.9%	Secured	70%	£3,000	£30,000	1 year	20 years	14.9%
Representative Example: The representative APR is 19.4% so if you borrow £15000 over 10 years at a rate of 14.9% you will repay £268.85 per month & total amount payable £32,262.00. Available to home owners only.
Step One Finance Low rate 14.9%	Secured	85%	£7,500	£40,000	5 years	20 years	14.9%
Representative Example: The representative APR is 20.5% so if you borrow £20000 over 10 years at a rate of 14.9% you will repay £369.58 per month & total amount payable £44,349.60. Available to home owners only.
Step One Finance Self Employed 14.9%	Secured	75%	£7,500	£30,000	5 years	15 years	14.9%
Representative Example: The representative APR is 28.1% so if you borrow £10000 over 5 years at a rate of 14.9% you will repay £291.85 per month & total amount payable £17,511.00. Available to home owners only.
Blemain Finance Large Bad Credit Loan	Secured	50%	£50,001	£500,000	3 years	30 years	14.95%
Representative Example: The representative APR is 17.1% so if you borrow £200000 over 20 years at a rate of 14.95% you will repay £2772.59 per month & total amount payable £665,421.60. Available to home owners only.
Blemain Finance Bad Credit Loan	Secured	60%	£3,000	£30,000	3 years	30 years	14.99%
Representative Example: The representative APR is 21.1% so if you borrow £15000 over 10 years at a rate of 14.99% you will repay £274.57 per month & total amount payable £32,948.40. Available to home owners only.
Central Trust Ltd Large Loan 16.2%	Secured	70%	£10,001	£30,000	5 years	30 years	15%
Representative Example: The representative APR is 18.8% so if you borrow £20000 over 10 years at a rate of 15% you will repay £351.71 per month & total amount payable £42,205.20. Available to home owners only.
Spring Finance Secured Loan	Secured	65%	£10,000	£30,000	5 years	25 years	15%
Representative Example: The representative APR is 21.02% so if you borrow £15000 over 10 years at a rate of 15% you will repay £282.25 per month & total amount payable £33,870.00. Available to home owners only.
Central Trust Ltd Small Loan 16.2%	Secured	70%	£3,000	£10,000	3 years	15 years	15.6%
Representative Example: The representative APR is 22.5% so if you borrow £5000 over 5 years at a rate of 15.6% you will repay £133.79 per month & total amount payable £8,027.40. Available to home owners only.
Norton Finance Secured Loan 70% LTV/15.9%	Secured	70%	£3,000	£30,000	1 year	20 years	15.9%
Representative Example: The representative APR is 20.6% so if you borrow £15000 over 10 years at a rate of 15.9% you will repay £279.12 per month & total amount payable £33,494.40. Available to home owners only.
Step One Finance Self Employed 15.9%	Secured	80%	£7,500	£30,000	5 years	15 years	15.9%
Representative Example: The representative APR is 29.4% so if you borrow £10000 over 5 years at a rate of 15.9% you will repay £298.34 per month & total amount payable £17,900.40. Available to home owners only.
Step One Finance BTL for Self Employed 15.9%	Secured	70%	£7,500	£30,000	5 years	15 years	15.9%
Representative Example: The representative APR is 23.5% so if you borrow £15000 over 10 years at a rate of 15.9% you will repay £301.99 per month & total amount payable £36,238.80. Available to home owners only.
Norton Finance Secured Loan 60% LTV/16.9%	Secured	60%	£3,000	£30,000	1 year	20 years	16.9%
Representative Example: The representative APR is 24.7% so if you borrow £10000 over 5 years at a rate of 16.9% you will repay £277.6 per month & total amount payable £16,656.00. Available to home owners only.
Shawbrook Bank Fast Track Secured Loan	Secured	85%	£3,000	£15,000	3 years	25 years	17.9%
Representative Example: The representative APR is 22.9% so if you borrow £10000 over 5 years at a rate of 17.9% you will repay £269.35 per month & total amount payable £16,161.00. Available to home owners only.
First European Securities Bad Credit Loan for Self Employed	Secured	65%	£5,000	£30,000	5 years	25 years	19.8%
Representative Example: The representative APR is 26.9% so if you borrow £15000 over 10 years at a rate of 19.8% you will repay £330.99 per month & total amount payable £39,718.80. Available to home owners only.
Shawbrook Bank 95% LTV Secured Loan	Secured	95%	£3,000	£25,000	3 years	25 years	21.9%
Representative Example: The representative APR is 28% so if you borrow £10000 over 60 years at a rate of 21.9% you will repay £292.98 per month & total amount payable £17,578.80. Available to home owners only.
Equifinance Larger Bad Credit Loan	Secured	65%	£15,000	£30,000	5 years	20 years	23.4%
Representative Example: The representative APR is 31.1% so if you borrow £20000 over 10 years at a rate of 23.4% you will repay £488.76 per month & total amount payable £58,651.20. Available to home owners only.
Equifinance 70% LTV Bad Credit Loan	Secured	70%	£10,000	£15,000	5 years	20 years	23.4%
Representative Example: The representative APR is 35.8% so if you borrow £10000 over 5 years at a rate of 23.4% you will repay £329.54 per month & total amount payable £19,772.40. Available to home owners only.
Equifinance 75% LTV Bad Credit Loan	Secured	75%	£5,000	£10,000	5 years	20 years	23.4%
Representative Example: The representative APR is 42.4% so if you borrow £5000 over 5 years at a rate of 23.4% you will repay £180.33 per month & total amount payable £10,819.80. Available to home owners only.
First European Securities Micro Loan	Secured	55%	£2,000	£9,000	5 years	25 years	23.4%
Representative Example: The representative APR is 39.8% so if you borrow £5000 over 7 years at a rate of 23.4% you will repay £156.6 per month & total amount payable £13,154.40. Available to home owners only.
Evolution Money £7,600 - £10,000 Loan	Secured	100%	£7,600	£10,000	5 years	7 years	27.9%
Representative Example: The representative APR is 49.3% so if you borrow £8000 over 7 years at a rate of 2.75% you will repay £289.22 per month & total amount payable £24,294.29. Available to home owners only.
Evolution Money £3,600 - £7,500 Loan	Secured	100%	£3,600	£7,500	2 years	5 years	64.3%
Representative Example: The representative APR is 55.2% so if you borrow £6000 over 6 years at a rate of 3% you will repay £241.1 per month & total amount payable £17,359.39. Available to home owners only.
Evolution Money £2,100 - £3,500 Loan	Secured	100%	£2,100	£3,500	1 year	2 years	88.3%
Representative Example: The representative APR is 84.8% so if you borrow £4500 over 3 years at a rate of 4% you will repay £280.83 per month & total amount payable £10,109.86. Available to home owners only.
Evolution Money £1,000 - £2,000 Loan	Secured	100%	£1,000	£2,000	6 months	15 months	128.9%
Representative Example: The representative APR is 119.7% so if you borrow £1500 over 2 years at a rate of 5% you will repay £128.27 per month & total amount payable £3,078.56. Available to home owners only.

Secured loans typical APR: 16.8% variable.

Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

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Secured Loans Explained

We explain all you need to know about taking out a secured loan.

A lender who offers secured loans requires the borrower to provide some sort of guarantee for the loan.

In most cases this guarantee is made on the borrower's property which can be repossessed if regular repayments are not met: therefore it is usually only homeowners who are eligible to apply for secured personal loans.

First charge loans

Loans taken out against a property that is owned outright are called first charges and tend to be the cheapest secured loans. First charges are more attractive to loan providers as they have direct access to a property’s equity to recover their investment.

Second charge loans

Loans taken out against a property with an outstanding amount left on the mortgage are known as second charges.

With second charge loans the mortgage company have first claim on any equity released and only then will the loan company be able to recover funds they are owed, if loan repayments aren’t met.

Because of this you might have to pay higher interest rates on a second charge loan as the insurer tries to protect its investment.

How much can you get?

The amount available on a secured loan tends to be larger than that offered through an unsecured channel; this is because the lender has a guarantee that one way or another they will be able to reclaim their funds.

Loan amounts may be anything up to 125% of the value of the secured property. The most common amounts tend to be between £3,000 and £100,000, although a higher sum may be possible.

Some loan providers offer their best secured loans targeted at different levels of borrowing, so the cheapest secured loans for you will vary depending on the amount you want to borrow.

What are the interest rates on secured loans?

The interest rate applied to a secured loan is dependent on the amount borrowed, the value of the property against which the loan is secured and the personal circumstances and credit history of the borrower.

Although secured loans for bad credit are likely to have higher interest rates, secured loan companies (especially those who specialise in bad credit loans) are still willing to lend to individuals who fall into this category.

This also applies to others who may find it difficult to obtain unsecured credit including the self employed and those who work on a contract basis.

Before committing to a secured loan it is important to compare the secured loan rates advertised by lenders so that you can get the cheapest secured loans.

It is important to bear in mind that the typical APR advertised may not be the rate applied to your loan. However it does give you some indication of the spread of interest rates they offer and so the amount you may be eligible for.

Repayment protection

Most secured loan companies offer the option of payment protection to be taken with the loan. This insurance is designed to cover the loan repayments for a certain period of time if you are unable to work due to accident, sickness or unemployment.

Although this comes at an added expense, it can be worthwhile especially if you do not have any other means of paying the monthly amounts: your home is likely to be at risk if you don't meet the repayments.

However you need to consider whether you need this very carefully, particularly due to past Payment Protection Insurance (PPI) mis-selling. Take a look at our guide, Do You Really Need Payment Protection Insurance? to find out more.

Restrictions

The majority of secured loan companies do not place restrictions on what the borrowed funds can be used for (providing it is for legal purposes), so whether you want to consolidate your existing commitments or refurbish your home, a secured loan can be a good option.

However, before committing to a secured loan make sure the monthly payments offered are manageable within your income budget.

If you compare administration fees and interest rates offered, you can be confident of choosing the cheap secured loans that match your needs.

Loan Comparison

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	Unsecured		Bad Credit
	Secured		Car
	Debt Consolidation