Let us find you the right secured loan

When you use your property as security against the loan this is called a secured loan, so the lender is able to balance the risk of lending to you. The amount that can be borrowed differs with each lender as well as taking into account your individual circumstances.

The amount that can be borrowed, the term available and the Annual Percentage Rate (APR) will depend on:

• Your property value
• The ability to repay the loan
• Your personal circumstances

You need to think very carefully about how you manage a secured loan. If you default on the loan you risk losing your home.

Some benefits of a secured loan include allowing you to borrow more and repay over a longer period than a personal loan. Secured loans can normally be used for almost any purpose and as the lender has the benefit of security they can be offered to people who may be excluded from other loans for example people with bad credit..

Lenders consider borrowers who are self-employed, have recently changed jobs or have previous credit problems for secured loans. They are also useful for borrowing larger sums or where the applicant requires a longer repayment period