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Secured loan calculator

To use our free secured loans calculator, enter your property’s equity to unlock competitive rates and preferable loan terms.

£
years
£
£
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1 - 12 of 578
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Link Repayments
United Trust Bank Ltd 1st Charge Mortgage Prime Plus
60%
£25,000 to £1,000,000
3 to 30 years
6.6% APRC
Check eligibility
View details
£530.93
(£70,082.43 overall)
Together Specialist BTL 2nd Charge
65%
£30,000 to £1,000,000
4 to 30 years
7.3% APRC
Check eligibility
View details
£540.62
(£71,361.21 overall)
Pepper Money Prime Rate Secured Loan
60%
£7,500 to £350,000
3 to 30 years
7.4% APRC
Check eligibility
View details
£536.11
(£70,766.49 overall)
Selina Selina FlexiLoan HELOC
65%
£25,000 to £250,000
5 to 25 years
8.3% APRC
Check eligibility
View details
£557.29
(£73,562.12 overall)
Evolution Premier Range Tier 1
80%
£5,000 to £100,000
3 to 20 years
13.6% APRC
Check eligibility
View details
£653.39
(£86,247.7 overall)
Loan Logics Fast Track Secured Loan
60%
£5,000 to £50,000
1 to 25 years
14.4% APRC
Check eligibility
View details
£658.97
(£86,983.79 overall)
United Trust Bank Ltd 1st Charge Mortgage Prime Plus
70%
£25,000 to £1,000,000
3 to 30 years
6.6% APRC
Check eligibility
View details
£530.93
(£70,082.43 overall)
United Trust Bank Ltd 1st Charge Mortgage Prime Plus
75%
£25,000 to £1,000,000
3 to 30 years
6.6% APRC
Check eligibility
View details
£530.93
(£70,082.43 overall)
United Trust Bank Ltd 1st Charge Mortgage-Remortgage
80%
£25,000 to £1,000,000
3 to 30 years
6.8% APRC
Check eligibility
View details
£536.13
(£70,769.56 overall)
United Trust Bank Ltd 1st Charge Mortgage-Remortgage
60%
£25,000 to £1,000,000
2 to 30 years
6.9% APRC
Check eligibility
View details
£538.75
(£71,114.55 overall)
United Trust Bank Ltd 1st Charge Mortgage Prime Plus
70%
£25,000 to £1,000,000
2 to 30 years
6.9% APRC
Check eligibility
View details
£538.75
(£71,114.55 overall)
United Trust Bank Ltd 1st Charge Mortgage-Remortgage
70%
£25,000 to £1,000,000
2 to 30 years
7% APRC
Check eligibility
View details
£540.06
(£71,287.41 overall)
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Overall representative example
If you borrow £43,000 over 16 years at a rate of 10.25% variable, you will pay 192 instalments of £505.18 per month and a total amount payable of £96,994.56. This includes the net loan, interest of £49,404.56, a broker fee of £3,995 and a lender fee of £595. The overall cost for comparison is 12.7% APRC variable.

Also known as a homeowner loan or a second-charge mortgage, a secured loan uses the equity in your home as collateral. As the calculator above demonstrates, that can allow you to borrow larger amounts at more competitive rates.

BUT, since you’re using your house as security, it can be repossessed if you don’t keep on top of your loan repayments. So it’s not a decision to be taken lightly, to say the least.

Indicative market rates vs personalised quotes

Lenders tout the “representative APR” of their loan, but the reality is that if you get approved for a loan from that lender, it may offer you a different rate. Your rate will depend on your unique circumstances – your credit record, your income and outgoings, your home, etc.

So although we’re fiercely proud of this calculator, it does have its limitations! That’s because it doesn’t know your situation… It depends on the representative rates. To find out the best rates available to you specifically, from a selection of lenders, we recommend that you speak to a broker, such as Loans Warehouse, which can offer you tailored quotes and help you navigate the process.

Eligibility criteria for a secured loan

To apply for a secured loan, you will usually need to own enough equity in your property to cover the amount you are borrowing.

You will also need to meet the following criteria to qualify for any loan product in the UK:

  • Be at least 18 years old
  • Be a UK resident

The lender you choose to borrow from might have additional eligibility requirements, make sure you read and understand these completely before you apply, as this could affect your credit score.

How long does it take to get a second-charge mortgage?

You can usually expect a little bit more admin when applying for a secured loan compared to an unsecured loan, as the lender will have to verify the value of your property and if you have any other borrowing secured against it. But. unlike regular mortgages, a second-charge mortgage usually takes less time.

Frequently asked questions

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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Publisher

Emily Herring is a Publisher at Finder specialising in credit-based products including credit cards and business and personal loans. Emily has recently joined the Investments team. She has a Masters in Creative Writing & Publishing and a Bachelor of Arts in Communication & Media. See full bio

Emily's expertise
Emily has written 134 Finder guides across topics including:
  • Loans & credit cards
  • Building credit

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