Secured Loans

Featured here are a list of recommended sources for secured loans. With this type of loan you can borrow high amounts should you wish and enjoy lower interest rates than with unsecured personal loans. Please select a lender and they will provide the best loan based on your cirumstances and requirements.

With this type of loan the lender requires collateral when granting a loan so that, in the event of default, the item that you have put up as collateral may be repossessed. Collateral is usually your house (or flat) but could also be your car. A secured loan may be acquired even if the borrower already has a mortgage taken out against the home - providing that there is sufficient remaining equity in the property. This type of loan typically offers a lower rate of interest although ultimately your collateral is at risk if you fail keep up repayments.



COMPANYAPR REPRESENTATIVELOAN AMOUNTMIN TERMMAX TERMTERMSSUITABLE FORAPPLY
LoanMachine 15.9% £3000-£100,000 On application On application All credit provisionally approved is subject to status and is not available to persons under 18. You are under no obligation by completing the application form. People with poor credit history
Loan Machine offer the ability to search the UK Secured Loan market so you have the best chance of being approved a Loan. With years of experience in the industy we have a simple application form that will enable us to search the market for you instantly. Loans are Secured against your home, like a mortgage, and we can look to help customers who have bad debt such as mortgage arrears, defaults or CCJs. Advantages

Advantages

Wide range of lenders searched
Poor credit history applicants considered
Low APR typically 15.9%
Can borrow as much as £100,000


Disadvantages

Disadvantages

Minimum loan amount quite high - £3000

Kensington 53.9% £100 - £5000 1 Month 24 Months Providing your information on this website will not guarantee you will be approved for a cash loan. Individuals with all credit backgrounds
Kensington Direct Loans is your definitive bad credit broker. By filling out a short online application form that will take just a few minutes you will be matched with the right bad credit lenders for you. Approval takes a few seconds and the money will be deposited straight into your account. Advantages

Advantages

Online approval takes just a few minutes
Borrow up to £5,000
Acceptant of bad credit applicant who have been refused elsewhere
Your money deposited straight into your account


Disadvantages

Disadvantages

You will not find out how much you can borrow until you have been reviewed
Only available to those that live in the UK

Representative example: At 53.9 % APR fixed, £3000 borrowed over 36 months payments would be approx £151.19 per month. The total amount to be repaid would be £5442.84.
Save Simply On application £500 - £25,000 12 Months 25 years The Partners will contact you with loan information. Please note that such information should not be used as the sole basis for your loan decision, and may not meet your particular needs. Poor credit borrowers, retired, self employed or unemployed
Get free quotes and a loan of between £500 - £25,000 with Save Simply. No matter what you need the loan for, Save Simply accept all applications. Bad credit loans are available to all applicants. Advantages

Advantages

Poor credit history is no problem
Top lenders sourced
Borrow up to £25,000


Disadvantages

Disadvantages

Must apply to find out APR
APR might be high
Credit status might play a part

Representative example: If you took a loan for £10,000 with a Representative APR of 6.9% fixed and an annual interest rate of 6.9% you would pay £196.56 per month with a total charge for the credit of £1,793.43 making the total amount you repay of £11,793.43
Regent Finance 6.9% £500 - £25,000 1 Month 25 Years You must be over the age of 18 years old If you have bad credit and need a loan
If you have less than perfect credit and are finding it hard to get a loan, Regent Finance can help. Apply online for an unsecured loan from £500 - £25,000. Find out what options are available to you and receive a free no obligation quotation. Advantages

Advantages

Get the Lowest Loan Rates & Exclusive Deals
Apply in Minutes
Free to Apply, No Obligation
All Applications Accepted


Disadvantages

Disadvantages

The wesbite does not give much information

Representative example: If you took a loan for £10,000 with a Representative APR of 6.9% fixed and an annual interest rate of 6.9% you would pay £196.56 per month with a total charge for the credit of £1,793.43 making the total amount you repay of £11,793.43
CUS4 Loans On application £200 to £15,000 12 Months 60 Months CUS4 Loans work with several leading Loan Specialists and send your application to one at a time until your loan is approved. Tenants, homeowners, self employed or bad credit history borrowers all suitable
CUS4Loans can help you to find a lender provider for a range of loans whatever your circumstances - even if you have been turned down for a loan elsewhere or have credit problems. Tenants & Homeowners - Loans £200 to £15,000 approved. Advantages

Advantages

Borrow from £200 to £15,000
Poor credit history no problem


Disadvantages

Disadvantages

APR rate only on application
Some brokers may add additional fees

Kensington 30.2% £5000 - £25,000 24 Months 48 Months Terms We require all applicants to: 1. be at least 21 years old, 2. hold a valid British passport, hold a valid British driving licence, 3. be in employment or self employment, 4. have a bank account that accepts direct debits and live in England, Scotland or Wales. (We do not offer finance for applicants living in Northern Ireland, the Channel Islands or Isle of Man.) 5. We finance cars that have covered up to 70,000 miles and are no more than seven years old at the time of your application to us. Suitable for those with bad credit looking for a car loan
Talk to moneybarn - credit you can trust. We're different to other lenders because we take into account much more than just your credit score when offering car finance. Even if you've been declined before, we can often help – use our quick car finance calculator to see what kind of deal you could get with moneybarn. Advantages

Advantages

We're different! As the actual lender, moneybarn have control over who we lend to. For nearly 20 years, we've built our business around our unique decision making process that takes into account much more than just your credit score when you apply to us.
We're Secure! We've been providing car finance for nearly 20 years, through two recessions and times of economic uncertainty. We're backed by Octopus Investments and received significant new funding this year - stronger than ever in 2011, you can rely on us to support you through every step of the journey
We're welcoming! Turned away by your bank? By using more than just your credit score, we're able to consider applications from customers who may not have perfect credit histories or have been refused credit elsewhere. There is no guaranteed car finance product in the UK, but by considering a number of factors not related to your credit score, we're able to offer car loans to over 90% of applicants each month
We're Quick! We're Quick! click to read Our online application process is fast and straightforward – our unique technology enables us to make responsible lending decisions within minutes and we can sometimes even pay for a customer's car the same day if we receive paperwork and proofs promptly
We're Responsible! moneybarn is a responsible lender. We believe in being fair to you with our products, the application process, our documentation and the way in which we communicate with you


Disadvantages

Disadvantages

We won't finance commercial vehicles, motorbikes, cars used for driving instruction, parallel (grey) imports, taxis or limousines. We will not finance cars manufactured by Hummer or Ssangyong and we do not finance Mazda RX8 or Chrysler 300C cars
Unfortunately we are unable to accept applications from individuals employed in the motor trade, or directors/sole traders in the motor trade

Representative example: At 53.9 % APR fixed, £3000 borrowed over 36 months payments would be approx £151.19 per month. The total amount to be repaid would be £5442.84.
Provident 272.2% £50-£500+ 23 Weeks 52 Weeks Applicants must be at least 18 years of age and a UK resident. Repayment period 23, 31 or 50 weeks. Those with poor credit who want a quick cash loan
Provident Personal Credit is the UK & Republic of Ireland's leading home collected credit company, offering small, unsecured personal loans and other related products. A name you can trust - 125 years in business. Specialise in providing small cash loans of up to £500 to customers from all walks of life. Advantages

Advantages

1. 23, 31 or 52 weeks to pay back the loan depending on amount borrowed.
2. Payments collected weekly by an agent to help you budget.


Disadvantages

Disadvantages

1. APR is quite high, but the loan is mean for a short term cash loan - and is better value than similar products.

Representative example: £300 loan repayable over 52 weeks, 52 weekly payments of £10.50, Rate of interest 80.2% p.a. fixed; Representative 272.2% APR. Total Amount Payable is £546