What is a secured loan?

A secured loan is a term used for a loan secured against a major asset usually your home. A low rate secured loan uses your UK home as security which is why it is also called a secured home loan. A secured loan is the kind of homeowner loan where the applicant can borrow from a loan company against the value of his or her property. In case the borrower fails to pay back the loan on time the property is forfeited to the lender.

You can use a secured loan for any purpose like home improvement, debt consolidation, holiday and wedding costs as long as you do not invest money into something illegal. For more information please visit our Secured Loans section.