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A secured loan is money you borrow that is secured against an asset you own, usually your home. The interest rates tend to be cheaper than with unsecured loans and also you can borrow a lot more than £25,000.

A homeowner loan, sometimes called a home equity loan, takes the value of your property into consideration when you apply to borrow money. A homeowner loan is the most popular type of a secured loan.

The amount you'll be eligible to borrow will depend on your personal circumstances – if you have a poor or limited credit history, you may not be able to borrow as much as someone with a good credit history.

The length of your loan can vary depending on the type of loan you take out and the provider you choose, but it could be anywhere between 1 year and 35 years. Taking out a loan for a longer period of time may reduce your monthly payments, but you may end up paying more for the loan due to interest payments.

No, as we are a credit broker and not a bank, we can search wider to find you the best loan with the highest chances of acceptance. Even if you have a poor credit history! That's much more than any bank can offer.

You'll normally be able to pay off all or part of your loan early, though some lenders may have an early payment charge.

Debt consolidation is when you take out a single loan to repay the debts you have with different providers – this way you can pay off the debt with a single monthly repayment, rather than lots of repayments to a variety of lenders.

Let's say you have built up a debt of £3,000 on a store card that charges interest of 29%. You could take out a loan for £3,000 at, say, 5%, to pay off the store card balance and therefore reduce the monthly payment.

APR, or your Annual Percentage Rate, is the interest rate at which you pay back money you've borrowed. It takes into account the actual interest rate you pay, plus any other fees or charges involved in the deal, to give you a more complete picture of what you loan will cost.