Compare Secured Loans

  • We've teamed up with the UK's favourite secured loan broker* Fluent Money to help you in your secured loans search
  • Homeowner secured loans usually have to be applied for through a broker using your property as security
  • Use the calculator below and get a free no obligation quote that won’t affect your credit rating
Powered by Fluent Money logo
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it. Click here for a representative example
    • Paragon Bank PLC logo

      Paragon Bank PLC

      • Initial Rate
        3.50%
      • Total Repayments
        £35,599.20
      • Monthly Repayments
        £296.66
    • Masthaven Bank Ltd logo

      Masthaven Bank Ltd

      • Initial Rate
        3.64%
      • Total Repayments
        £35,835.60
      • Monthly Repayments
        £298.63
    • Prestige Finance Limited logo

      Prestige Finance Limited

      • Initial Rate
        3.69%
      • Total Repayments
        £35,920.80
      • Monthly Repayments
        £299.34
    • West One Secured Loans Limited logo

      West One Secured Loans Limited

      • Initial Rate
        3.85%
      • Total Repayments
        £36,192
      • Monthly Repayments
        £301.60
    • Shawbrook Bank Limited logo

      Shawbrook Bank Limited

      • Initial Rate
        3.90%
      • Total Repayments
        £36,277.20
      • Monthly Repayments
        £302.31
    • United Trust Bank logo

      United Trust Bank

      • Initial Rate
        3.95%
      • Total Repayments
        £36,362.40
      • Monthly Repayments
        £303.02
    • Optimum Credit Ltd logo

      Optimum Credit Ltd

      • Initial Rate
        4.00%
      • Total Repayments
        £36,448.80
      • Monthly Repayments
        £303.74
    • Together logo

      Together

      • Initial Rate
        5.34%
      • Total Repayments
        £38,785.20
      • Monthly Repayments
        £323.21
    • Step One Finance Limited logo

      Step One Finance Limited

      • Initial Rate
        6.90%
      • Total Repayments
        £41,613.60
      • Monthly Repayments
        £346.78
    • Norton Home Loans logo

      Norton Home Loans

      • Initial Rate
        8.30%
      • Total Repayments
        £44,258.40
      • Monthly Repayments
        £368.82
    • Central Trust Ltd logo

      Central Trust Ltd

      • Initial Rate
        8.50%
      • Total Repayments
        £44,635.20
      • Monthly Repayments
        £371.96
    • 1st Stop logo

      1st Stop

      • Initial Rate
        9.00%
      • Total Repayments
        £45,603.60
      • Monthly Repayments
        £380.03

Please note: Loans displayed have a minimum term of 12 months and a maximum term of 360 months. Maximum APRC charged 49.9%.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
Overall Representative Example for Secured Loans from Fluent Money
Based on borrowing £18,000 over 120 months. Interest Rate: 6.5% fixed for 60 months with instalments of £227.38. Followed by 60 months at the lenders standard variable rate of 4.95% with instalments of £221.71 Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee and Lender fee
Fees Broker fee (£1,530); Lender fee (£495) Overall cost of comparison 9.1% APRC
Our comparison service features a selection of providers from whom we receive commission.
This table is ordered by initial rate.
*Fluent Money completes more secured loans than any other broker

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How to Choose a Secured Loan

If you have a less-than perfect credit rating and need access to a larger sum of money, you may be able to get a secured loan. Secured loans are also known as homeowner loans and are secured against the equity of your home. This means they provide confidence to lenders, but at the same time can be risky for borrowers.

If you decide to take out a secured loan and fail to keep up with repayments, the lender has the right to force the sale of your property in order to cover the repayment of your debt. This could mean losing your home, so it’s always advisable to consider all loan options; ensuring there is not a more suitable and less financially risky alternative available to you before committing to a secured loan.

If you think a secured loan is right for you, consider the pros and cons of this type of borrowing before committing:

Secured loans – advantages and disadvantages

Secured loans advantages Secured loans disadvantages
  • Often available to those with poor credit ratings
  • Can give you access to large sums upwards of £30,000
  • You usually have longer to repay the loan
  • Interest rates may be lower than for unsecured loans
  • You can’t get one unless you are a homeowner
  • You risk losing your home if you default
  • May only obtainable through an insurance broker
  • Large, long-term financial commitment

Choosing between secured loan providers

If you decide that a secured loan is the right option for you, you will need to begin comparing secured loan providers. Many will require borrowers to work through a broker to source and obtain a secured loan. Therefore, you may not be able to apply for a secured loan directly with a lender, although a good broker should provide all the information you need to help you make your decision.

Although you can base your decision as to which secured loan provider to go with on how much they lend and how long they give you to pay it back, the actual amount you are offered will depend on your financial situation.

What to consider when comparing secured loan providers

  • The cost of the loan: Take a look at the annual percentage rates (APRs) that lenders advertise, as these are among the best ways to gauge the cost of a loan, including interest and other fees and charges.
  • The loan term: Each lender will offer different maximum and minimum loan terms, so it’s important to choose a timescale that works for you. Remember, the loan term you are offered will be affected by factors like your financial situation and your credit rating.
  • The loan amount: The amount the lender will offer is obviously of vital importance when deciding between secured loan providers.
  • Lending criteria: Working with a broker can help you gain a better understanding of whether you will be eligible for a secured loan before applying. Some lenders will have stricter requirements than others. It’s important to avoid applying for a loan and being rejected, as this can have a negative impact on your credit rating.

Choosing a secured loan FAQs

What are the alternatives to a secured loan?

What happens if I miss secured loan repayments?

Will a secured loan help my credit score?

How do I work out how much a secured loan will cost in real terms?

What can I use a secured loan for?

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