Cheapest Secured Loans

How cheap are the Cheapest Secured Loans?

Through our partnerships with some of the countries biggest and best secured loan providers, cheap loans are able to provide some of the cheapest secured loan quotes around. We cater for pretty much all customer classes, such as bad credit, claiming benefits and problems with proof of income.

Our cheapest secured loans are available to customers who have an outstanding past history of credit, are in full time employment and have a reasonable level of available equity in their home. Rates for these types of customers start from as low as 5.9%, however we are also able to quote fantastic deals for people who fall outside the aforementioned criteria as well.

How important is my credit?

Your credit is an important factor in qualifying for the cheapest secured loans, but it’s not paramount. The fact that you have chosen to secure the loan against your home often outweighs the detriment of having bad credit, but it will all depend on your actual level of bad credit.

If you have only had a slight blip on your credit record (such as 1 missed or late payment), the stroke of bad credit against your name will be negligible, and your collateral offering will effectively render this stroke obsolete. If your level of bad credit is more severe e.g. frequent late payments, multiple county court judgements and defaults, expect your chances of being offered the cheapest secured loans to be reduced.

Ultimately, each and every secured loan application that we process is assessed on an individual and bespoke level. As there are many other, both complementary and conflicting factors used to determine your eligibility for the cheapest secured loans, it is best to not dwell too much on your past credit history. We work on the basis that affordability is most important qualification factor for the majority of our plans, an ethos that could not be truer as with our cheapest secured loans.