MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.
Your home is at risk if you do not keep up with repayments
Secured loans – sometimes called homeowner loans, second-charge mortgages or home equity loans – let you borrow money while using a valuable asset as collateral. People usually put up their property as collateral when borrowing with a secured loan.
Secured and unsecured or personal loans work the same, except lenders can sell your house if you fail to keep up with your secured loan repayments. An unsecured loan, on the other hand, is not backed by collateral and relies on the borrower's creditworthiness.
Secured loans are straightforward to apply for and, once approved, you’ll usually receive the money directly into your bank account:
Search for the best deal: There are a range of secured loan options available. MoneySuperMarket helps by asking a few simple questions to show you loans tailored to your financial situation.
Apply for the loan: When happy with your loan choice, including the amount you’ll borrow, the interest rate and any fees, you can apply online. Our specialist partner, Fluent Money, will then contact you to discuss your options and find out more.
Get approved and receive your money: Once your application has been approved, the lender will send the requested amount – usually within a few days – to your nominated bank account.
Pay back the loan: You’ll then start making fixed monthly payments, including interest, for the agreed length of the loan. Once you have made the final payment, the loan is cleared.
Use our handy personal loan calculator tool to find out how much your monthly repayments could be, and how much you can afford to borrow
Find out what monthly repayments would be, how much you'll pay overall and how much you could borrow.
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Total amount
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Based on the information you supplied, you would be borrowing XXX and repaying the loan in XXX monthly instalments of . The total sum to repay, subject to XXX% APR over the full loan term would be XXX. This assumes there are no extra fees and that your payments are made on time and in full.
Total amount
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Based on the information you supplied, you could borrow XXX at a monthly repayment rate of to be paid over XXX monthly instalments. Over the full loan term at XXX% APR, the total amount repayable would be XXX. This assumes there are no extra fees and that your payments are made on time and in full.
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If you need a larger amount, consider a secured loan, which will allow you to borrow more but uses your home as collateral. Be aware that lenders can sell your house if you fail to keep up with repayments.
The amount you can borrow will depend on your personal circumstances such as income and credit score.
Here are the average borrowing types per category:
Loan reason | Average loan value |
|---|---|
Home improvement | £12689.74^ |
Debt consolidation | £12782.71^ |
Buying a car | £12794.91^ |
Wedding | £9727.46^ |
Holiday | £4491.70^ |
Our specialist loans partner Fluent Money will help you find the right secured loan to suit your needs.
You might be eligible for a secured loan if you are:
A property owner
UK resident
Age 18 or over
The final decision will come down to the loan provider, who will also undertake financial checks for affordability and your credit rating.
If you have a bad credit score, it can make it harder to be approved for a loan but not impossible. Because a secured loan is tied to your property, creditors are less worried about losing their money if you default.
Taking out a secured loan and making all your repayments could even improve your credit score, making it easier to get credit in the future. But you should keep the risks in mind.
If you hit financial difficulties and you can’t pay back what you’ve borrowed, it’s possible you’ll lose your home. If you’re looking to improve your credit score, a credit-builder credit card could be a good to start.
The best secured loan for you will depend on your financial situation, but here’s how to ensure you snag a competitive deal:
Whenever you take out any type of loan, you’ll have to repay the lender. It’s important to make sure you can afford the repayments on a secured loan because if you’re unable to do so you run the risk of your house being repossessed.
Secured loans can have a variable interest rate, so you should think about if the loan will still be affordable if rates go up. You should also factor in APR when comparing loans as this can give you an idea of how much the loan will cost you.
Think about how long the loan term will be. Generally, shorter loan terms will have lower interest costs, but the monthly repayments will be higher. If you opt for a longer loan term, then you’ll pay more interest but lower monthly payments.
When you compare a loan with MoneySuperMarket, we highlight the important information for you such as the cost per month and APR. You can even sort loans by the likelihood of you being accepted or the interest rate.
A secured loan can be a good idea if you're certain you can repay the debt as agreed. Secured loans typically have lower interest rates and are easier to qualify for due to the reduced risk for lenders.
If you have bad credit it may also be one of your few borrowing options.
However, be aware that you risk losing your home or another high value asset if you fail to repay the loan, and like all borrowing, you are likely to pay back more than you borrow.
See personalised deals and find the right homeowner loan for you
We’ll need to know a bit about you. Register yourself as a homeowner to see secured loans in the results.
We’ll show you loans you’re eligible for – if you choose a secured loan you’ll need to register your interest with our partner Fluent.
Fluent will contact you to discuss your secured loan options. Once you’ve decided on a loan you can make your full application
If you're not quite sure if a secured loan is the right choice for you, here are some other options:
A personal loan where you don’t have to put up security to be approved. Although you won’t lose your home if you can’t repay it, you might not be able to borrow as much and the APR might be higher.
If you can pay back the money you need quite quickly, applying for and using a credit card could be an option. Look for 0% or low interest deals, so you don’t get caught paying high interest.
If you have a mortgage on your existing property and have built up equity, rather than take out a second secured loan or ‘charge’ against it, you could consider remortgaging. This means increasing and sometimes extending your existing mortgage term to release the funds you need.
Guarantor loans are another option if you have poor or limited credit. They work like a regular loan, except that you need a guarantor when you apply. This is someone (normally a family member) who promises to make your repayments if you miss any.
As the name ‘secured loans’ suggests, you’ll have to put up security to get a secured loan. All secured loans offered on MoneySuperMarket are secured against your home, so think carefully before you commit to borrowing and make sure you’re confident you’ll be able to meet repayments. If you are, then secured loans offer many benefits, including borrowing larger sums and getting lower interest rates than unsecured personal loans.
Kara Gammell Personal Finance & Insurance Expert
Secured loans can be easier for people with lower credit scores to get. Certain loan providers will be more inclined to lend money to someone with bad credit if they’re putting up a security.
That depends on the provider, but while lenders might be prepared to offer secured loans to a wider range of customers, it is definitely possible to have a credit score that’s so low you won’t be considered for this kind of loan. If you’re at that stage, you should seriously reconsider borrowing any more money.
A lender is the financial institution that loans you the money and is the entity that your loan agreement is with.
On the other hand a 'broker' helps you find the lender, but you aren't borrowing money directly from them.
When you search for unsecured personal loans through MoneySuperMarket, we're the 'broker' in this scenario. For secured borrowing, Fluent is the broker.
If you take out a secured loan and manage to meet all of your monthly repayments in full and on time, you might see your credit score improve over the course of several months.
A secured loan isn’t necessarily the best way to improve your credit score however. Consider a credit-builder credit card if that’s your goal.
You may be able to pay off a secured loan early, but this will depend on your loan provider. Some lenders may charge an early repayment fee.
It might be possible to get a secured loan against the value of your vehicle with some providers – but currently, MoneySuperMarket only compares secured loans for homeowners. This means your collateral has to be a house or a flat.
There are plenty of providers that will allow you to borrow money against your pension fund – this is known as a pension loan. At the moment, MoneySuperMarket doesn’t compare pension loans, but you can find out more about your options by talking to a financial advisor.
Curious about who’s behind the loans? Take a look at each lender’s page below to learn more:
Reviewed on 26 May 2026 by
Accurate as of 25 May 2026.
YouGov Survey 1st July 2024 to 30th June 2025. Net Recommend score derived from “Which of the following online service websites would you recommend to a friend or colleague, or tell them to avoid?” Base: Current Customers of (MoneySuperMarket n=18,382, Compare the Market n=16,802, Go.Compare n=10,162, Confused.com n=8,229, Uswitch n=528).
