Secured Loans

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Looking for the best secured loans in the UK online but aren’t sure where to start? At Personal Loans Now, we compare secured loans to offer affordable lending to all. We want to provide peace of mind that anyone can apply. We’ll give you a personalised list of loan offers that are right for you, with the best rates and repayment terms. All you need to do is click 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

If you want to fund home improvements or consolidate debts into affordable monthly payments, secured loans can help. By offering your home or other valuable asset as collateral, you can borrow between £10,000 and £250,000. With repayment terms up to 15 years, depending on the value of the security you are offering. In some cases, secured loans in the UK will be against a home, so you’ll need to be a homeowner.

Secured homeowner loans are not only for larger amounts, but a great option if you have bad credit. You might be looking for a way to borrow money in a tough situation for example. By offering security, lenders may be willing to lend to you even if you have a bad credit history. This is because the risk can be much lower than usual.

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 has a guaranteed asset attached. If you come to a point where you cannot repay the agreed minimum each month, the lender can repossess the asset. In this event, the asset is a form of collateral in order to cover the debt owed. The agreed asset can be your house or car, with the most secured homeowner loans being mortgage agreements.


Due to an increased risk with larger amounts of money, most loans above £25,000 will require security against them. This will help to counter the risk to both you and to the lender. These loans are likely to have additional charges, such as legal and administration fees. It’s important to take these into account before accepting any loan offer. Our lenders are transparent with their fees, so you won’t incur charges if you weren’t informed of them before acceptance.


Secured Home Loans vs Unsecured Loans

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

Secured loans

Secured loans are for larger purchases and investments, including secured home improvement loans. The purchase of additional property or a freehold will also count. Also, secured debt consolidation loans, where the total is higher than £25,000. Unsecured loans, on the other hand, are better for those who don’t have personal assets to offer. Or, borrowers 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. They are available through us whether your credit rating is good or poor. Our mission is to provide affordable loans to the wider public. This ensures that everyone can access the financial help they need, when they need it. Our network of lenders offer unsecured and secured loans based on your affordability and not just your credit score.

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At Personal Loans Now, we can help you find the best rates available for your situation from our panel of lenders. We’ll provide you with a personlised table of loan offers from trusted lenders across the market within minutes. This way, you can capture the best real-time rates for your secured loans.

We utilise 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 direct lenders. This will give you a provisional answer, 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. This means your credit report isn’t viewed more than is 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, mobile, or by downloading our Credit on Demand app. This will give you fast access to cash when you need it most. You can apply on the go and get an instant decision to ensure you’re not left waiting for an answer. You can also manage your loans and application right from the app.

Need a Secured Loans?

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With one application, you can access offers from 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 Through Personal Loans Now

When you apply with Personal Loans Now to compare secured loans, you can do so with peace of mind knowing we only refer you to responsible lenders with high rates of acceptance. Our lenders will never compromise on the safety of your finances. Secure borrowing enables you to apply with confidence and 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

All the lenders in our network are FCA regulated, so you can apply with the peace of mind that you are safe and secure in your borrowing. By conducting in-depth credit and affordability checks, they ensure you don’t take on more than you can afford. We have a support team on hand to offer you guidance before, during and after your application. While we strive to make lending a fast and easy process, we put safety and security at the first. Each of our lenders want to ensure that your finances remain safe 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 people assisted so far by our teams, we have helped thousands get the financial help they need – all without putting their financial state at risk. We ensure that every applicant gets the best possible rates when they apply. This is why we will show you a table of lenders with different rates so you can pick the loans that are best for you.

One Application


One Application, Plenty Of Opportunities

Every time a lender views your credit report, your credit score will see a change. This is why we only check your credit report once when comparing secured loans across our lenders. With one simple application, we can get the details you need to determine which loan you want. After this, we will only send your details to those you give us permission to contact. This way, your details remain private and your credit report accessed as little as possible, protecting the score you have.

Secured Loans FAQs

Am I Eligible For Secured Loans?

When comparing secured loans vs unsecured loans, you’ll need to consider each lenders’ criteria. With most of the lenders on Personal Loans Now’s panel, 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 you can apply today. We’ll get to work on your application straight away. Whether it’s for secured loans for self-employed applicants or emergency secured loans, we’ll find the right lender for you. If you have any questions, please contact us, and we’ll be happy to advise further on our services. You can read through our FAQs for common questions and answers as well.

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. Bad credit may not prevent you from getting a secured loan. It will affect the rates that a lender is willing to offer you for the loan. So, it’s important to be prepared to face higher interest rates than someone with a higher credit score. You could have a longer or shorter repayment period than requested in order to distribute the risk.

You’ll 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 be more than enough to use as collateral. However, 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. However, they require you to offer an asset as collateral. This will reduce the risk to the lender, meaning you can get better rates than you would with another form of borrowing. The reduced risk allows lenders to offer funds to those with a poor or limited credit history. This is because they can claim the collateral to cover the debt if the repayments aren’t met.

All secured loan applications will go through affordability checks. This is to prevent putting you and your assets at unnecessary risk. Whether it’s buy to let secured loans or regular secured homeowner loans. All lenders in the Personal Loans Now network conduct full checks to ensure that you can’t borrow more than you can afford to repay. 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. Our lenders conduct thorough checks when you apply to ensure that you can only loan what you can afford to pay back. This ensures that you do not take on more than you can handle. Choosing a lender with a low interest rate and flexible repayment terms will help ensure the loan remains affordable for you in the long-term. If you want to see what the repayments could be, use our loan calculator.

Can I Get Secured Loans for Bad Credit?

If you have poor credit, secured loans for bad credit could be more accessible than an unsecured alternative. Lenders will be at less risk when lending bad credit secured loans in the UK. This is because the loan will have collateral, meaning you may receive more offers than with an unsecured loan.

With secured loans for poor credit, the better your credit score, the better the low rate secured loans in the UK. For advice on improving your credit score or handling debt, you can visit the Money Advice Service.

Is A Secured Loan A Long-Term Debt?

Most large secured loans will span over a longer period than an unsecured alternative. This is because they will be for 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 on your cheap secured loans, it’s important to contact the lender. By contacting them in advance, the lender can discuss alternative repayment options. This will help prevent you from defaulting on your loan. They may direct you to free debt advice to help you regain control over your finances. Your lender may be able to discuss alternative payment dates or spread the missed payment throughout the duration of your loan. In some cases, they may charge late fees, so it’s important to do this research before submitting your application.

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