Loans Companies
Loans Articles

Personal Secured Loans

When is a personal loan not a personal loan? When it's secured.

The phrase personal secured loans sounds like an oxymoron: normally personal loans are unsecured loans. However, personal secured loans do exist: personal secured loans are usually only available to homeowners, but unlike many secured loans they can be used to finance almost anything.

Normally personal loans are unsecured, but it is possible to get personal secured loans too. Like other secured loans they're usually only available to homeowners and offer low interest rates, but unlike many secured loans you can use the money for almost any purpose.
All kinds of firms offer secured personal loans, usually referred to as homeowner loans, but there are huge differences between different companies' products. If you read the small print of the big loan adverts in the newspapers you'll often see very high APRs, and a quick bit of Internet research will uncover very low rates. It definitely pays to shop around.
Personal secured loans have another benefit: if you've recently been refused a personal loan, you may find lenders more accommodating if you consider personal secured loans instead. The bigger the difference between the value of your home and the outstanding balance on your mortgage, the more likely it is that your application will be approved. helps you find the best loans companies for your specific needs, and gives you background information on the various types of loans available in our loans articles, more loans articles and still more loans articles.

If you can't find what you want on, be sure to check our loans homepage.