In most cases a secured loan can be used for almost anything, unlike a mortgage you can use it buy a new car, have that dream holiday or add value by building an extension or conservatory. Alternatively you may want to consolidate your debts, if you have large sums over numerous credit & store cards it can often work out cheaper to take out a secured loan at a lower interest rate. The payment term can be adjusted to a more realistic & affordable figure in just one monthly payment.

Not all lenders will lend for everything, some for example will want to offer a different type of loan if you want to buy a car, others are not bothered. Either way you will need to check the small print before proceeding.

Please be sure to visit our list of secured loan lenders to help you decide.