Secured Loans
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Secured Loans from £5,000 to £100,000
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Repayment terms from 3 to 20 years
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Rated 'excellent' by customers on feefo
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Regulated by the Financial Conduct Authority
Are you searching for a secured loan?
Ever looked around your home and thought, “if only I had the funds to fix this up” or “I wish there was a simpler way to manage my debts”? Maybe you’ve had an unexpected expense crop up and your savings won’t quite cover it.
If so, a secured loan could be the answer. The reason? You could borrow between £5,000 and £100,000*. You could potentially repay the loan over 3-20 years. And our advisors will help find a a rate that suits your personal budget.
Interested in learning more about how Evolution Money can help? Take a few minutes to check your eligibility below and schedule a call with one of our advisors.
*Subject to affordability and eligibility checks
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Check your eligibility in minutes
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All credit profiles considered
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Advice from a qualified adviser
See if a Secured Loan works for you
Submit your details with Evolution Money in minutes and find out if a Secured Loan is right for you.
FAQs about Secured Loans
What is a secured loan?
A secured loan is when you borrow from a lender and put an asset up as collateral – usually a home. The lender can then take possession of this asset if you fail to make your repayments.
Secured personal loans are usually large and ours range from £5,000 to £100,000. Lenders of secured loans are more likely to give out larger borrowing amounts because they have a lower risk and can recover any money that’s not repaid.
Ensure you’re confident you can make the repayments before you take out a loan because you could potentially lose your home if you don’t.
What are the advantages of a secured loan?
If you need money but have been refused in the past, here’s why a secured loan might be the best option for you:
- You can borrow larger amounts than most unsecured loans
- Secured loan interest rates tend to be lower than unsecured ones
- Repayment times can be longer than on unsecured loans
- Secured loans can boost your credit score
- You can get a secured loan with a bad credit rating
What are the disadvantages of a secured loan?
- Borrowing too much can lead to financial struggles
- Longer repayment terms may mean you pay more in interest
- Failure to repay a loan could impact your credit score
- Your property could be repossessed
- Early repayment charges may be expensive
Check your eligibility for a Secure Loan today
Submit your details and find out if a Secure Loan is right for your without affecting your credit score.
Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against 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.
