Secured Loans

If you are a homeowner then you are eligible for a Secured Loan. Unlike a tenant loan, a secured loan is secured on the property which is owned by the borrower. The loan is paid back monthly over a set term.

You can apply online today - just use our Loan Application Form

loans for any purpose

Securing the loan against your property is a good way of decreasing the rate you will have to pay, however if repayments are not made, then the lender is legally entitled to repossess your home. The amount you have to pay will depend on your circumstances and your credit history. While a secured loan is secured on your home much the same way as a mortgage, unlike a mortgage a secured loan can be used for any personal purpose. Some of the most popular uses for secured are;

Debt consolidation

By taking out a loan you can pay off any existing debts and only pay one monthly repayment. By doing this you can make your debts much more manageable as you will have one monthly payment to make instead of several.

home improvement

Many people who want to have a new kitchen, extension or conservatory have taken out a secured loan to cover the cost. Taking out a secured loan can mean you are able to get the work you want done without having to save for a long time.

Vehicle Purchase

Cars, vans, bikes or any sort of vehicle can be very expensive both to buy and run, so a secured loan can be the answer when you are looking to buy.

These are just some examples of how a secured loan can be used, but they can be used for any purpose you wish.