This is a loan secured by specific collateral, usually property. Creditor may foreclose and seize the specific property that is collateral to satisfy an unpaid secure loan. A secured loan is available if you own a home, as this will be used as security. This usually means that the interest rates are lower, because you have th

e loan secured on your home, so it's a lower risk. If you default on your payments when you have a secured loan, you risk losing your home so you should make sure you can afford the repayments before applying for this type. It may also be unwise to take out a secured loan if you have had previous debt problems. It also takes longer to obtain a secured loan because you need to have your home valued.

You can apply for a secured loan as long as you have a home/property to secure it on and are over 18. Usually, the amount available is from £3000 to £150,000 and is repayable from 3 to 25 years.

Secured loans are usually cheaper because the risk isn't as high (as in the event that you cannot repay the loan, the lender can repossess your home). However, this type of loan can take much longer to obtain than any other loan. This is because the lender requires to value your home. Therefore, if you are looking for a quick loan, a secured may not the best option.

Secured loans are for homeowners only and are secured on your residential property.
You may qualify even if you have no equity or have had problems in the past.

The minimum loan is £3,000 and rates start from 7.7% APR. The rate can be fixed if required and there is the option of waiting 3 months to make your first payment on selected plans.

There are no fees involved for our standard secured loans and the approximate time scale to completion is 2 weeks.

Your loan can be used to buy a car, go on holiday, improve your home or consolidate your credit.