Secured Loans

We search the entire secured loans market, so you don't have to, without affecting your credit score!
You can easily compare and choose the best loan for you, from £2,000 to £25,000.

Looking for the best secured loans in the UK online but aren’t sure where to start? Here at Personal Loans Now, we compare secured loans around our mission to offer affordable lending to all, giving you peace of mind that anyone can apply. If we can’t offer the exact loan amount you are looking for, then we’ll put you in touch with credit brokers who might be able to assist by offering better rates or repayment terms. All you need to do is hit Apply Now and we’ll compare secured loans in the UK, finding you the best secured loan rates.

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Get the Best Secured Loans Online from Personal Loans Now

Whether you’re looking to fund major home improvements or to consolidate high-interest debts into a single, more affordable monthly payment, a secured loan opens the opportunity to do exactly that. By offering up your home or another valuable asset as a form of collateral, you can borrow anything between £25,000 to £100,000, with repayment terms up to 15 years, depending on the value of the security you are offering. In most cases, secured loans in the UK will be taken out against a home, so you will need to be a homeowner in order to do so.

Secured homeowner loans open up not only larger amounts of money but can be a sensible option for those with poor credit scores who might be looking for a way to borrow money in a tough situation. By offering a security, lenders may be willing to lend to you regardless of your history as the risk will be considered lower.

What Are Secured Loans?

What Are Secured Loans Online?

A secured loan is a form of long-term borrowing where the loan that you apply for is guaranteed against an asset. This means that if you come to a point where you cannot repay the agreed minimum each month, the lender can repossess the asset as a form of collateral in order to cover the debt owed. The pre-agreed asset will usually be your house or car, with the most common secured homeowner loans being mortgages agreements or a loan against your logbook.


Due to the increased risk of borrowing larger amounts of money, most loans above £25,000 will require you to put forward security against the loan in order to counter the risk to both you and to the lender. These loans are also likely to have additional charges such as legal and administration fees, so it’s important to take these into account before accepting a loan offer. We are completely transparent with our fees, so you will never be charged anything you weren’t informed of before acceptance.


Secured Home Loans vs Unsecured Loans

Both unsecured and secured loans have their benefits depending on your current financial situation, how much you’re looking to borrow and whether you have an asset to offer as collateral.

Secured loans

Secured loans are typically used for larger purchases and investments, including secured home improvement loans, the purchase of additional property or freehold, or secured debt consolidation loans where the total is higher than £25,000. Unsecured loans, on the other hand, are typically better for those who either don’t have the personal assets to offer or who are looking to borrow smaller amounts and would rather ensure their assets aren’t at risk.

Unsecured Loan

An unsecured loan is available to anyone whether you are a homeowner or tenant and are available through us whether your credit rating is good or poor. Our mission is to provide affordable loans to the wider public, ensuring that everyone can access the financial help they need when they need it, which is why we offer both unsecured and secured loans based on affordability checks and not just your credit history.

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At Personal Loans Now, we can help you find the best rates available for your situation. We are proud to be secured loans direct lenders, offering you some of the most competitive rates in the industry. In the circumstances where we can’t lend to you or there is a better offer from one of our panel of lenders, we will provide you with a table of pre-approved loan offers from trusted lenders across the market, so you can capture the best real-time rates for your secured loans.

We utilise Monevo in order to compare a large panel of lenders to find the right loan terms for you and your requirements. With just one application, we can compare loans from all of the lenders in order to get a provisional answer from the entire panel, giving you the chance to pick the loans and terms that work for you. We will only forward your details onto the lenders that you give us permission to contact, meaning that your credit report won’t be viewed more than necessary.


How Do I Apply For Secured Loans?

Ready to apply for cheap secured loans? We make the process easy, with our online application process. You can choose to apply via your desktop browser, your mobile browser, or download our Credit on Demand app for fast access to cash when you need it. You can apply on the go, get an instant decision to ensure you’re never left waiting for an answer and manage your loans right from the app.

Need a Secured Loans?

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With one application, you can access offers from not just our own secured loan offering, but you’ll also be able to access 40+ lenders without having to search through them yourself. We do all the legwork for you, cutting down the time spent searching for the best deal and rates for you.

Get Secured Loans From Personal Loans Now

When you compare secured loans and apply with Personal Loans Now, you can do so with the peace of mind that we are a responsible lender. With high rates of acceptance that never compromise on the safety of your finances, secure borrowing that enables you to apply with confidence and the opportunity to gain better rates from our panel of lenders, getting secured loans with us is easy when you need clarity the most.

Secure Borrowing


Secure Borrowing

As an FCA approved lender, you can apply with the peace of mind that you are safe and secure in your borrowing. We follow FCA guidelines to the letter, ensuring that we always lend responsibly by conducting in-depth credit checks and affordability assessments to ensure you never take on more than you can feasibly afford. We always have a support team on hand to offer you guidance before, during and after your application, in order to take you from the very beginning through to that final loan repayment. While we strive to make lending a fast and easy process, we put safety and security at the forefront, ensuring that you remain safe financially throughout the duration of your secured loan.

High Rates Of Acceptance


High Rates Of Acceptance

We strive to make borrowing accessible to all, which is why we are proud to have a high acceptance rate. With over 50,000 loans approved so far by our teams, we have helped thousands get the financial help they need without putting their financial state at risk. We ensure that every applicant is given the best possible rates when they apply, which is why we will always show you a table of lenders with different rates so you can pick the loans that are best for you and your budget in the long-term. If we can’t accept your application, one of our panel of 40+ lenders can.

One Application


One Application, Plenty Of Opportunities

Every time a lender views your credit report, your credit score can be affected which is why we only check your credit report once when comparing secured loans across our lenders. With one simple application, we can pull the details you need to determine which loan you want to accept, after which we will only send your details to those you give us permission to contact. This way, your details remain private and your credit report will be viewed as little as possible to protect the score you have.


Am I Eligible For Secured Loans?

When comparing secured loans vs unsecured loans, you’ll need to consider that each lender has its own criteria to meet and be eligible for. With Personal Loans Now you will need to meet the following criteria:

  • Aged 18 years or over
  • Be a UK resident
  • Have a current UK bank account

If you meet the above, then apply now and we’ll get to work on your application ASAP, whether it’s for secured loans for self-employed applicants or emergency secured loans. If we can’t lend you the money directly, we’ll find someone who is best placed to do so. If you have any questions, please contact us directly and we’ll be happy to advise further on our services. Alternatively, please read through our FAQs for common questions and answers.

How Do I Get The Best Rates On Secured Loans?

To get the best rates on secured loans, a high credit score can be a beneficial asset. While bad credit won’t necessarily prevent you from getting a secured loan, it can affect the rates that a lender is willing to offer you for the loan and so it’s important to be prepared to face higher interest rates than an equivalent loan offered to someone with a higher score. You could also have a longer or shorter repayment period than requested in order to distribute the risk more effectively.

You’ll also need to have an asset to hand that matches or exceeds the value of the loan you are looking to take out. Your home will often be more than enough to use as collateral, but you’ll need to value your vehicle if you are looking to offer this instead.

How Do Secured Loans Work?

Secured loans have the same repayment terms as any other loan form but require you to offer an asset as collateral. This will reduce the risk to the lender, meaning that you can often get better rates than you would with another form of borrowing. The reduced risk also allows lenders to offer funds to those with a poor or limited credit history, as they can claim the collateral to cover the debt if the repayments aren’t met.

All secured loan applications will still go through an affordability check to prevent putting you and your assets at risk, whether it’s buy to let secured loans or regular secured homeowner loans. At Personal Loans Now, we will always conduct full checks to ensure that you never borrow more than you can comfortably afford to repay over the agreed period. This way, you can have confidence in the fact that your assets will remain yours if you meet the agreed repayments.

Are Secured Loans Safe?

Secured loans are a safe form of borrowing providing you meet the repayment criteria agreed when taking out the loan. We conduct thorough checks when you apply to ensure that you can only ever be loaned what you can afford to pay back over the given repayment period, ensuring that you never take on more than you can handle. We put your safety first, which is why we may not always be able to lend to you. In the cases where we can’t, we can provide you with offers from alternative lenders who may still be able to lend to you or offer you alternative terms to ensure the loan remains affordable for you in the long-term.

Can I Get Secured Loans for Bad Credit?

If you have bad, limited or poor credit, secured loans for bad credit could be more accessible than an unsecured alternative in most cases. Lenders will be at less risk when lending to you bad credit secured loans in the UK with collateral to fall back on, which may mean that you receive more offers than with a standard personal or unsecured application.

Please note that with secured loans for poor credit, however, that the better your credit score, the better the low rate secured loans in the UK you will receive. For advice on improving your credit score or handling debt, you can visit moneyadviceservice.org.uk.

Is A Secured Loan A Long-Term Debt?

Most large secured loans will span over a longer period than an unsecured alternative, simply because they will usually be a larger amount. For this reason, you can expect the secured loan to span for up to seven years for most lenders, but some may offer you loans that span up to 15 years.

What Should I Do If I Can’t Repay My Secured Loans Against my House?

If you are unable to meet a repayment for any reason on your cheap secured loans, it’s important to contact us as soon as possible. By contacting us in advance, we can discuss alternative options for you to prevent you defaulting on your loan or direct you to free debt advice to help you regain control over your finances. We may be able to discuss alternative payment dates or spread the missed payment throughout the duration of your loan.

If you have borrowed with another lender, you will need to contact them directly. In some cases,

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