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Secure loans

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Find out more about secured loans, and how they could benefit you!

A secured loan requires borrowers to own a property. This property, or collateral, is used as security on the loan, meaning if the loan is not repaid as promised, your home can be repossessed.

If you’re not a homeowner, in some exceptional cases other possessions may qualify as sufficient collateral on a loan. This could be a boat, or perhaps an expensive car.

If you are not prepared to put your most valuable possessions secured against your loan, you can choose a unsecured, or tenant loan, these are much smaller and with higher rates of interest, but are more attractive to many people! Find great tips and advice to help you choose your loan!

Choose from all the leading Loan companies within the UK to find your perfect secured loan, compare these companies and quotes you receive to make sure you are getting best value for your money!

The main purpose of collateral is it serves as security to the lending institution or bank - if you own property, you are bound to your agreement with the lender, meaning repayment is guaranteed.
Certain properties and characteristics differentiate between secured and unsecured loans, and we’ve outlined the basics below.

Read on to find out whether a secured loan is for you - and get applying today!

Find more information on the best Secure loans around!

	Nemo Loans This company offer a typical rate of 8.9% APR on secure loans, you can apply for anything between £10,000 & £100,000 as well as great offers on personal loans!		Only loans With a great 10.9% APR you can find your secure loan with Only! Choose from a range of options to set up your repayment scheme, ranging from 5 -25 years.
	Alliance and Leicester 5.5 million customers are registered with Alliance and Leicester! They have excellent offers on their Secure loans, with an excellent rate of 7.9 fixed APR on their loans!		Unsecured loans Choose from a range of Unsecured loans if you are not prepared to secure your home to your loan! Find the best providers, rates and additional features

Read on for more on secured loans and apply for yours today at the best rates around!

Use property (or collateral) as security. This is usually a home, but can include boats or cars.

Cheaper interest rates apply than with an unsecured loan, because the lender has the comfort and guarantee of repayment, whether this comes in the form of cash repayments or property repossession.

Larger loans are available than with unsecured loans, again, for reasons of security to the lender. This means customers can borrow substantial sums of money, generally ranging from £5,000 to £75,000

Whilst unsecured loans can be paid back over a fairly short period of time, secured loan repayments can be made over longer stretches. This is usually somewhere between 5 and 25 years.

Some lenders may use credit rating facilities or credit reference agencies to determine your financial history, but generally speaking, credit history in the case of borrowers taking out secured loans is fairly irrelevant. This is because as long as you have collateral up as security, the lender is not interested in whatever your past experiences might have been.