If you\u2019re looking to borrow money but worried that your credit rating might get in the way, a secured loan<\/a> could be your best option. Using your house as collateral against the loan makes you more likely to be approved, even if you have bad credit.<\/p>
| Rank<\/th>\n | Provider<\/th>\n | Representative APR<\/th>\n<\/tr>\n<\/thead>\n |
|---|---|---|
| 1<\/th>\n | United Trust Bank Ltd<\/td>\n | 5.9%<\/td>\n<\/tr>\n |
| 2<\/th>\n | Equifinance<\/td>\n | 7.9%<\/td>\n<\/tr>\n |
| 3<\/th>\n | Loan Logics<\/td>\n | 15.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>Are secured loans easier to get?<\/h3>Putting up security can help borrowers with adverse credit to access a wider selection of loans. As well as making it easier to get approved, applying with the backup of the equity in a home can help applicants to access larger sums and\/or lower rates.<\/p> Because lenders have the reassurance that they\u2019re less likely to lose their money, your credit rating becomes a less crucial factor in the approval process. What\u2019s still crucial, however, is that you can comfortably afford the monthly repayments.<\/p> Compare bad credit secured loans<\/h3>\n \n <\/div>\n \n |