Secured Loan Calculator

Enquire with us to get a quick secured loan estimation on your repayment costs.

How it works

When you apply for a secured loan product through our website, we will search the entire market on your behalf in order to find the most competitive borrowing product in accordance with your individual needs and borrowing requirements.

What we offer

Working with us, you get:

  • Streamlined application process.
  • Loans from £15,000 to £250,000.
  • Borrow from 5 to 25 years.
  • Up to 80% LTV.
  • Fast decision, usually in minutes.
  • No hidden fees or costs.
  • All employment types considered.
  • Bad credit history – no problem.

Secured loans for homeowners

A homeowner loan is a long-term borrowing product that is secured against your residential property, so you will obviously need to own your own home or be a mortgage holder in order to get one. By applying online using our services, the amount you are entitled to borrow can range from £15,000 to £250,000, depending on your financial circumstances, with repayment terms typically available from 5 to 25 years. When applying for secured finance, you should always remember that your home could be at risk should you find yourself unable or unwilling to meet the repayments at some point in the future.


How much can I borrow on a secured loan?

With you can borrow up to 80% LTV and secured a loan from anywhere between £15,000 to £250,000.



What is the average interest rate for a secured loan?

While stating a single average interest rate for secured loans in the UK isn’t entirely accurate, a representative range can be provided. Secured loan rates typically fall between 6.30% and 10.7% APR (Annual Percentage Rate).

However, it’s crucial to remember several factors influencing the actual rate you’ll receive:

  • Your creditworthiness: A higher credit score translates to a better interest rate.
  • Loan-to-Value (LTV) ratio: The lower the percentage of your property’s value borrowed, the lower the interest rate.
  • Loan type and term: Fixed rates are usually higher than variable ones, and longer loan terms might come with slightly higher interest.


Is a secured loan cheaper than a personal loan?

Secured loans generally have the potential to be cheaper than personal loans. This stems from the reduced risk for lenders. Since you pledge an asset (like a house) as collateral, they’re more likely to offer:

  • Lower interest rates: Due to the lesser risk, lenders can offer a more favourable interest rate compared to unsecured personal loans.
  • Larger loan amounts: With the security of the collateral, lenders might be willing to extend a larger sum compared to unsecured options.


Is it good to pay off a secured loan early?

Paying off a secured loan early can be beneficial, but consider these factors:

  • Reduced interest: This is the main advantage. You’ll save money by stopping future interest accruals.
  • Early repayment charges: Check your loan agreement. Lenders might impose a fee for early settlement, potentially negating some of the interest savings.

Therefore, calculate the potential interest saved against the early repayment fee. If the savings outweigh the fee, early repayment can be advantageous.

However, we recommend prioritising:

  • Emergency fund: Ensure you have a sufficient emergency fund to cover unexpected expenses before prioritising early loan repayment.
  • Higher-interest debts: Focus on settling high-interest debts (credit cards) first if you have them, as the interest savings might be more significant.