{"id":345009,"date":"2020-10-20T17:05:17","date_gmt":"2020-10-20T16:05:17","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=345009"},"modified":"2024-06-11T12:58:06","modified_gmt":"2024-06-11T11:58:06","slug":"200000-loan","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan","title":{"rendered":"How to get a \u00a3200,000 loan"},"content":{"rendered":"<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\"><strong>Overall representative example<\/strong><br>If you borrow \u00a343,000 over 16 years at a rate of 10.25% variable, you will pay 192 instalments of \u00a3505.18 per month and a total amount payable of \u00a396,994.56. This includes the net loan, interest of \u00a349,404.56, a broker fee of \u00a33,995 and a lender fee of \u00a3595. The overall cost for comparison is 12.7% APRC variable.<\/div><\/article><div itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><h3 itemprop=\"name\">Can I get a \u00a3200,000 loan?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><p>There are plenty of companies willing to lend \u00a3200,000 to suitable applicants. They\u2019ll be looking for homeowners with <a href=\"#equity\" class=\"scroll\">enough equity<\/a> in their property to secure the loan against. They\u2019ll also want to see that you\u2019re able to <a href=\"#calculator\" class=\"scroll\">afford the repayments<\/a> on a \u00a3200,000 loan.<\/p><p>While your credit record won\u2019t be the be-all-and-end-all, lenders will take it into consideration. If you have bad credit it\u2019ll likely affect the interest rate you\u2019re offered.<\/p><\/div><\/div><\/div><h3>What can I use a \u00a3200,000 loan for?<\/h3><p>You can use a \u00a3200,000 loan for a range of purposes, including:<\/p><ul class=\"list-1\"><li><strong><a href=\"https:\/\/www.finder.com\/uk\/mortgages\/property-flipping\/bridging-loans\">Bridging loan<\/a>. <\/strong>These loans can be used to cover the cost of buying a new home if you\u2019ve been unable to sell your existing house.<\/li><li><strong><a href=\"https:\/\/www.finder.com\/uk\/business-loans\">Business loan<\/a>. <\/strong>If you own a business, you can get a \u00a3200,000 loan to cover business expenses such as buying new equipment.<\/li><li><strong><a href=\"https:\/\/www.finder.com\/uk\/personal-loans\/personal-loans-to-buy-land\">Land loan<\/a>. <\/strong>Land loans are used to over the cost of purchasing land or property where you\u2019re ineligible for a mortgage.<\/li><\/ul><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><h3 itemprop=\"name\" id=\"equity\">How much equity do I need for a \u00a3200,000 loan?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><p>This depends on the loan\u2019s maximum allowable \u201cLTV\u201d (loan-to-value ratio).<\/p><p>For example, if your house was worth \u00a3500,000, and you had \u00a3200,000 still owing on your mortgage, a homeowner loan specifying a maximum LTV of 80% could allow you to borrow an additional \u00a3200,000.<\/p><p>Each loan application is considered on its own merit though, so having sufficient equity doesn\u2019t guarantee approval. But alongside being able to afford the repayment schedule, having sufficient equity gives you a much better chance of getting your application for a \u00a3200,000 loan across the line.<\/p><\/div><\/div><\/div><h3>How much are payments on a \u00a3200,000 loan?<\/h3><p>The loan tables below use approximate, rounded figures, based on a flat interest rate. Longer-term secured loans are likely to have variable interest rates. If the rate goes down during the course of the loan, the monthly and overall costs would decrease. If the rate rises during the course of the loan, the monthly and overall costs will increase. Interest rates are low compared to historical averages but the Bank of England are currently raising rates to fight inflation.<\/p><table class=\"luna-table\"><thead class=\"luna-table__header\"><tr><th><\/th><th>3% p.a. interest<\/th><th>5% p.a. interest<\/th><th>7% p.a. interest<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><th>10-year term<\/th><td>\u00a31,931<\/td><td>\u00a32,121<\/td><td>\u00a32,322<\/td><\/tr><tr><th>15-year term<\/th><td>\u00a31,381<\/td><td>\u00a31,582<\/td><td>\u00a31,798<\/td><\/tr><tr><th>20-year term<\/th><td>\u00a31,109<\/td><td>\u00a31,320<\/td><td>\u00a31,551<\/td><\/tr><tr><th>25-year term<\/th><td>\u00a3948<\/td><td>\u00a31,169<\/td><td>\u00a31,414<\/td><\/tr><\/tbody><\/table><h3>How much does a \u00a3200,000 loan cost overall?<\/h3><table class=\"luna-table\"><thead class=\"luna-table__header\"><tr><th><\/th><th>3% p.a. interest<\/th><th>5% p.a. interest<\/th><th>7% p.a. interest<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><th>10-year term<\/th><td>\u00a3231,746<\/td><td>\u00a3254,557<\/td><td>\u00a3278,660<\/td><\/tr><tr><th>15-year term<\/th><td>\u00a3248,609<\/td><td>\u00a3284,686<\/td><td>\u00a3323,578<\/td><\/tr><tr><th>20-year term<\/th><td>\u00a3266,207<\/td><td>\u00a3316,779<\/td><td>\u00a3372,144<\/td><\/tr><tr><th>25-year term<\/th><td>\u00a3284,527<\/td><td>\u00a3350,754<\/td><td>\u00a3424,068<\/td><\/tr><\/tbody><\/table><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><h3 itemprop=\"name\">How much income do I need for a \u00a3200,000 loan?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><p>You\u2019ll need to have a stable monthly income to cover the monthly repayments. The monthly repayments themselves will be dictated by the length of the loan (generally speaking, the longer the loan, the lower the monthly repayments), the interest rate you\u2019re offered and any product or broker fees that might be bundled in with the amount borrowed.<\/p><p>Homeowner loans tend to involve relatively long loan terms, and as such, lenders are usually not willing to fix interest rates beyond an introductory period lasting one to five years. It\u2019s crucial to note that where variable interest rates are involved, your monthly repayment could go up. Both you and any potential lender will want to be confident that your income should be able to cope with an increase in that monthly repayment figure.<\/p><p>Ultimately your income is just one important part of the picture on which a lender will assess your case.<\/p><p>Loan companies might specify a minimum income requirement in their basic lending criteria (<a href=\"#income-example\" class=\"scroll\">example below<\/a>), but meeting these entry-level criteria means that your application can be assessed for approval, not that approval is guaranteed.<\/p><\/div><\/div><\/div><article id=\"income-example\" class=\"luna-card luna-card--shadow\"><div class=\"luna-card__block\"><img decoding=\"async\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2018\/07\/Screenshot-2020-07-10-at-11.38.05.png\" alt=\"A minimum income requirement taken from the lending criteria for Masthaven second-charge mortgages\" width=\"946\" height=\"170\" class=\"aligncenter size-full wp-image-322711\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2018\/07\/Screenshot-2020-07-10-at-11.38.05.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2018\/07\/Screenshot-2020-07-10-at-11.38.05.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2018\/07\/Screenshot-2020-07-10-at-11.38.05.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2018\/07\/Screenshot-2020-07-10-at-11.38.05.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2018\/07\/Screenshot-2020-07-10-at-11.38.05.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2018\/07\/Screenshot-2020-07-10-at-11.38.05.png?fit=2838 2838w\" sizes=\"(max-width: 2838px) 100vw, 2838px\" loading=\"lazy\"><\/div><\/article><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" class=\"has-padding-top-medium\"><h3 itemprop=\"name\">What credit score do I need for a \u00a3200,000 loan?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><p>When you use the equity in your home as security, your credit score becomes a less crucial factor \u2013 but it remains <em>a<\/em> factor. The importance given to your credit score can vary from lender to lender (with some lenders <a href=\"https:\/\/www.finder.com\/uk\/secured-loans\/secured-loans-with-bad-credit\">specifically aiming to serve those with bad credit<\/a>) but broadly speaking, if you have a lower credit score, you\u2019re likely to be offered a higher interest rate.<\/p><\/div><\/div><\/div><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" class=\"has-padding-top-medium\"><h3 itemprop=\"name\">How long does it take to get a \u00a3200,000 loan?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><p><a href=\"#calculator\" class=\"scroll\">Secured loans<\/a> can take two to three weeks to arrange and drawdown. Although there aren\u2019t solicitors involved, a property valuation will be required and if there\u2019s an existing charge over the property, the first charge holder will need to give its approval.<\/p><p>These extra steps make secured loans a little slower than some other forms of borrowing, but the trade-off can be access to lower rates and\/or larger sums.<\/p><\/div><\/div><\/div><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" class=\"has-padding-top-medium\"><h3 itemprop=\"name\">How long does it take to pay off a \u00a3200,000 loan?<\/h3><div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div itemprop=\"text\"><p>You can <a href=\"#calculator\" class=\"scroll\">adjust your loan term<\/a> in order to make your monthly repayments more affordable. Similarly, you can <a href=\"#calculator\" class=\"scroll\">increase your monthly repayment<\/a> in order to clear the loan in less time. As a general rule of thumb, spreading repayments over a longer timeframe normally makes for lower monthly repayments (but a higher overall cost). So it really depends on what you can afford to repay each month.<\/p><p>At a fixed annual rate of 3.0%, a \u00a3200,000 loan would take over 18 years to repay if your monthly repayment was \u00a31,200. If you wanted to keep the monthly costs down, and paid \u00a3900 each month, it would take more than 27 years.<\/p><\/div><\/div><\/div><\/div><h3>How do I get approved for a \u00a3200,000 loan?<\/h3><p>Here are some of the key factors that will matter to a would-be lender weighing up your application:<\/p><ul><li>The amount of <strong>equity<\/strong> in your home (if you\u2019re applying for a homeowner loan). This is how much of the property you actually own, i.e. the current <strong>market value of the property<\/strong> minus whatever is still owing to your mortgage provider. The more equity there is in the property, the greater the chance that the lender would be able to recoup its losses if you defaulted on the loan.<\/li><li>Your regular <strong>income and outgoings<\/strong> (and those of any co-signatories, if it\u2019s a joint application). This is crucial when determining whether or not the monthly repayments would be affordable for you. Lenders will want to know <strong>what debt you\u2019re currently carrying<\/strong> and how much that\u2019s costing you each month. If your reason for seeking a new loan is debt consolidation, then naturally this will be taken into account. Lenders will also consider the source of your income and how stable it is.<\/li><li>Your <strong>credit history<\/strong>. This is a file kept by credit reference agencies which records your borrowing history. Lenders will be hoping to see that you have a history of using credit responsibly. CCJs are also logged in your credit report.<\/li><li>What you want the money for, i.e. the <strong>loan purpose<\/strong>. Lenders are pretty open-minded when it comes to the loan purpose, but may have a defined list of acceptable purposes or a defined list of unacceptable purposes.<\/li><li>Some routine eligibility criteria like <strong>UK residency<\/strong> (some lenders will specify that you must have been a UK resident for a specific amount of time) and <strong>your age<\/strong> (both minimum and maximum).<\/li><\/ul><h3>How to get a \u00a3200,000 personal loan<\/h3><ol><li><strong>Work out your budget.<\/strong> Our <a href=\"#calculator\" class=\"scroll\">calculator<\/a> can help you get an idea of how long a term you\u2019d need to spread the loan over in order to get manageable monthly repayments. As a general rule of thumb, you should aim to clear the loan in as short a time as possible, while ensuring the monthly repayments are affordable. Loans with longer terms tend to come with a variable interest rate (although some secured loans offer an introductory fixed-rate period), so it\u2019s sensible to leave yourself a bit of leeway so that if rates rise, you\u2019ll be able to take it in your stride.<\/li><li><strong>Get to know your credit record.<\/strong> Knowing your credit score helps understand what options are available to you. Plenty of companies can help you get <a href=\"https:\/\/www.finder.com\/uk\/credit-score\/free-credit-report\">free visibility of your credit report<\/a> that\u2019ll let you know how you\u2019re tracking. If your credit score doesn\u2019t appear to be good enough, consider applying for a smaller loan or building your credit score first and applying at a future date.<\/li><li><strong>Shop around or consider a broker (sometimes called a \u201cloan-matching service\u201d).<\/strong> It\u2019s generally a bad idea to simply go straight to one lender and apply. You should always compare multiple lenders online and look for the best price for the amount you need. For a loan as big as \u00a3200,000 even a slightly better rate can translate into thousands of pounds saved. A decent broker or <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/personal-loans\/secured-loan-finder-powered-by-loans-warehouse-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22loan-matching%2Bservice%22%2C%22site%22%3A%22UKFPL%22%2C%22offer_id%22%3A%2224814%22%2C%22niche_code%22%3A%22UKFPL%22%2C%22product_id%22%3A%225e794d89-1ae4-4cce-902a-50f6f8138ce9%22%2C%22product_name%22%3A%22Secured%2BLoan%2BFinder%2Bpowered%2Bby%2BLoans%2BWarehouse%22%2C%22provider_id%22%3A%229013df25-9c60-4805-89c4-66f0a3d013de%22%2C%22provider_name%22%3A%22Loans%2BWarehouse%22%2C%22post_id%22%3A%22345009%22%2C%22post_path%22%3A%22secured-loans%252F200000-loan%22%2C%22post_country%22%3A%22uk%22%7D\">loan-matching service<\/a> can take your details and check your eligibility against products from multiple lenders in one go \u2013 saving you a lot of time (and hopefully money too). A number of lenders only offer their loans through brokers.<\/li><li><strong>Apply.<\/strong> Perhaps the easiest way to apply for a \u00a3200,000 loan is <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/personal-loans\/secured-loan-finder-powered-by-loans-warehouse-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22with%2Bthe%2Bhelp%2Bof%2Ba%2Bgood%2Bbroker%22%2C%22site%22%3A%22UKFPL%22%2C%22offer_id%22%3A%2224814%22%2C%22niche_code%22%3A%22UKFPL%22%2C%22product_id%22%3A%225e794d89-1ae4-4cce-902a-50f6f8138ce9%22%2C%22product_name%22%3A%22Secured%2BLoan%2BFinder%2Bpowered%2Bby%2BLoans%2BWarehouse%22%2C%22provider_id%22%3A%229013df25-9c60-4805-89c4-66f0a3d013de%22%2C%22provider_name%22%3A%22Loans%2BWarehouse%22%2C%22post_id%22%3A%22345009%22%2C%22post_path%22%3A%22secured-loans%252F200000-loan%22%2C%22post_country%22%3A%22uk%22%7D\">with the help of a good broker<\/a>. You\u2019ll provide some basic details, agree to a credit check and the indicative result of your application will usually be made available within seconds. Bear in mind that you should only ever formally apply for credit when you\u2019re pretty confident that you\u2019ll get approved (lenders and brokers can help you to establish this beforehand). Each application for credit usually involves a search of your credit file, which causes a small (and usually short-lived) negative effect on your credit score.<\/li><\/ol><h3>Should I just remortgage?<\/h3><p>It\u2019s a valid option. Remortgaging is a popular strategy for homeowners to get hold of huge lump sums. It involves altering your mortgage deal and borrowing more against the equity of your property. If you\u2019ve got a lot of equity and can bag a low mortgage rate, this could prove more economical than a specialist secured personal loan.<\/p><p>If you fixed your mortgage a while ago and rates have risen since, it unfortunately won\u2019t be possible to simply \u201ctop-up\u201d your mortgage borrowing at the same rate. However, you can still talk to your mortgage provider about running a second mortgage alongside the first, at a different rate. Many of the big UK banks (including Lloyds, Halifax and NatWest) offer this option, but it\u2019s still worth comparing specialist secured loan providers (such as those in the table above) alongside your mortage provider to make sure you get the best rate available to you.<\/p><p><a class=\"more-link-arrow weight-semi-bold\" href=\"https:\/\/www.finder.com\/uk\/mortgages\/remortgaging\">Full guide to remortgaging<\/a><\/p><div class=\"text-center has-margin-bottom-large\"><h3 class=\"has-padding-xsmall\" data-toc=\"false\">Ready to compare rates?<\/h3><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/uk\/personal-loans\/secured-loan-finder-powered-by-loans-warehouse-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Get%2Bstarted%22%2C%22site%22%3A%22UKFPL%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%2Bluna-button--large%22%2C%22offer_id%22%3A%2224814%22%2C%22niche_code%22%3A%22UKFPL%22%2C%22product_id%22%3A%225e794d89-1ae4-4cce-902a-50f6f8138ce9%22%2C%22product_name%22%3A%22Secured%2BLoan%2BFinder%2Bpowered%2Bby%2BLoans%2BWarehouse%22%2C%22provider_id%22%3A%229013df25-9c60-4805-89c4-66f0a3d013de%22%2C%22provider_name%22%3A%22Loans%2BWarehouse%22%2C%22post_id%22%3A%22345009%22%2C%22post_path%22%3A%22secured-loans%252F200000-loan%22%2C%22post_country%22%3A%22uk%22%7D\" class=\"luna-button luna-button--success luna-button--large\">Get started<\/a><\/div><div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000000\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000000\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\">We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms \"best\", \"top\", \"cheap\" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our <a href=\"https:\/\/www.finder.com\/uk\/terms-of-use\" class=\"fin-text-navy\">terms of use<\/a>. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.<\/div><\/article>","protected":false},"excerpt":{"rendered":"<p>If you\u2019re considering applying for a \u00a3200,000 personal loan, check out this guide which explains how to compare lenders and find the best deal.<\/p>\n","protected":false},"author":195,"featured_media":345071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[10875],"tags":[],"asset_tag":[],"class_list":["post-345009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-secured-loans"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u00a3200,000 loan calculator &amp; eligibility check: Best rates for good or bad credit<\/title>\n<meta name=\"description\" content=\"Learn how to get the best deal on a \u00a3200,000 personal loan. Use our calculator to find the best rates plus what matters for getting your loan approved.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to get a \u00a3200,000 loan\" \/>\n<meta property=\"og:description\" content=\"Learn how to get the best deal on a \u00a3200,000 personal loan. Use our calculator to find the best rates plus what matters for getting your loan approved.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan\" \/>\n<meta property=\"og:site_name\" content=\"Finder UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/findercomuk\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-20T16:05:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Chris Lilly\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/ChrisLillyCL\" \/>\n<meta name=\"twitter:site\" content=\"@findercomUK\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chris Lilly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan\"},\"author\":{\"name\":\"Chris Lilly\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/person\/2bcd9231d1c1e8ed47cffe934574b9ad\"},\"headline\":\"How to get a \u00a3200,000 loan\",\"datePublished\":\"2020-10-20T16:05:17+00:00\",\"dateModified\":\"2024-06-11T12:58:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan\"},\"wordCount\":2001,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png\",\"articleSection\":[\"Secured loans\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.finder.com\/#organization\"},\"citation\":[{\"@type\":\"CreativeWork\",\"name\":\"Lloyds Bank additional borrowing information\",\"url\":\"https:\/\/www.lloydsbank.com\/mortgages\/additional-borrowing\/how-to-apply.html\"},{\"@type\":\"CreativeWork\",\"name\":\"Halifax additional borrowing information\",\"url\":\"https:\/\/www.halifax.co.uk\/mortgages\/existing-customers\/additional-borrowing.html\"},{\"@type\":\"CreativeWork\",\"name\":\"NatWest additional borrowing information\",\"url\":\"https:\/\/www.natwest.com\/mortgages\/existing-customers\/borrowing-more.html\"}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan\",\"url\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan\",\"name\":\"\u00a3200,000 loan calculator & eligibility check: Best rates for good or bad credit\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png\",\"datePublished\":\"2020-10-20T16:05:17+00:00\",\"dateModified\":\"2024-06-11T12:58:08+00:00\",\"description\":\"Learn how to get the best deal on a \u00a3200,000 personal loan. Use our calculator to find the best rates plus what matters for getting your loan approved.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#primaryimage\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png\",\"width\":250,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"UK\",\"item\":\"https:\/\/www.finder.com\/uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Secured loans\",\"item\":\"https:\/\/www.finder.com\/uk\/secured-loans\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"How to get a \u00a3200,000 loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.finder.com\/uk\/#website\",\"url\":\"https:\/\/www.finder.com\/uk\/\",\"name\":\"Finder UK\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.finder.com\/uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\",\"name\":\"Finder\",\"url\":\"https:\/\/www.finder.com\/uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png\",\"width\":1392,\"height\":1392,\"caption\":\"Finder\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/findercomuk\",\"https:\/\/x.com\/findercomUK\",\"https:\/\/www.linkedin.com\/company\/finder\/\",\"https:\/\/en.wikipedia.org\/wiki\/Finder_(website)\"],\"description\":\"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/person\/2bcd9231d1c1e8ed47cffe934574b9ad\",\"name\":\"Chris Lilly\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/ChrisLillyF1_Finder_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/ChrisLillyF1_Finder_600x600.png\",\"caption\":\"Chris Lilly\"},\"description\":\"Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.\",\"sameAs\":[\"https:\/\/twitter.com\/ChrisLillyCL\",\"https:\/\/www.linkedin.com\/in\/chris-lilly-46a15627\/\"],\"url\":\"https:\/\/www.finder.com\/uk\/author\/chrislilly\",\"jobTitle\":\"Head of publishing\",\"knowsAbout\":[{\"@type\":\"Thing\",\"name\":\"Loans & credit cards\"},{\"@type\":\"Thing\",\"name\":\"Building credit\"},{\"@type\":\"Thing\",\"name\":\"Financial health\"},{\"@type\":\"Thing\",\"name\":\"Share trading\"}],\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\",\"name\":\"Finder\"}}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:58:08+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\u00a3200,000 loan calculator & eligibility check: Best rates for good or bad credit","description":"Learn how to get the best deal on a \u00a3200,000 personal loan. Use our calculator to find the best rates plus what matters for getting your loan approved.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan","og_locale":"en_GB","og_type":"article","og_title":"How to get a \u00a3200,000 loan","og_description":"Learn how to get the best deal on a \u00a3200,000 personal loan. Use our calculator to find the best rates plus what matters for getting your loan approved.","og_url":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan","og_site_name":"Finder UK","article_publisher":"https:\/\/www.facebook.com\/findercomuk","article_published_time":"2020-10-20T16:05:17+00:00","og_image":[{"width":250,"height":250,"url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png","type":"image\/png"}],"author":"Chris Lilly","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/ChrisLillyCL","twitter_site":"@findercomUK","twitter_misc":{"Written by":"Chris Lilly","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#article","isPartOf":{"@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan"},"author":{"name":"Chris Lilly","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/person\/2bcd9231d1c1e8ed47cffe934574b9ad"},"headline":"How to get a \u00a3200,000 loan","datePublished":"2020-10-20T16:05:17+00:00","dateModified":"2024-06-11T12:58:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan"},"wordCount":2001,"commentCount":0,"publisher":{"@id":"https:\/\/www.finder.com\/uk\/#organization"},"image":{"@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png","articleSection":["Secured loans"],"inLanguage":{"@type":"Language","name":"English","alternateName":"en"},"potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/www.finder.com\/#organization"},"citation":[{"@type":"CreativeWork","name":"Lloyds Bank additional borrowing information","url":"https:\/\/www.lloydsbank.com\/mortgages\/additional-borrowing\/how-to-apply.html"},{"@type":"CreativeWork","name":"Halifax additional borrowing information","url":"https:\/\/www.halifax.co.uk\/mortgages\/existing-customers\/additional-borrowing.html"},{"@type":"CreativeWork","name":"NatWest additional borrowing information","url":"https:\/\/www.natwest.com\/mortgages\/existing-customers\/borrowing-more.html"}]},{"@type":"WebPage","@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan","url":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan","name":"\u00a3200,000 loan calculator & eligibility check: Best rates for good or bad credit","isPartOf":{"@id":"https:\/\/www.finder.com\/uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#primaryimage"},"image":{"@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png","datePublished":"2020-10-20T16:05:17+00:00","dateModified":"2024-06-11T12:58:08+00:00","description":"Learn how to get the best deal on a \u00a3200,000 personal loan. Use our calculator to find the best rates plus what matters for getting your loan approved.","breadcrumb":{"@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#primaryimage","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2020\/10\/woman-with-tablet-250x250-1.png","width":250,"height":250},{"@type":"BreadcrumbList","@id":"https:\/\/www.finder.com\/uk\/secured-loans\/200000-loan#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"UK","item":"https:\/\/www.finder.com\/uk\/"},{"@type":"ListItem","position":2,"name":"Secured loans","item":"https:\/\/www.finder.com\/uk\/secured-loans"},{"@type":"ListItem","position":3,"name":"How to get a \u00a3200,000 loan"}]},{"@type":"WebSite","@id":"https:\/\/www.finder.com\/uk\/#website","url":"https:\/\/www.finder.com\/uk\/","name":"Finder UK","description":"","publisher":{"@id":"https:\/\/www.finder.com\/uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finder.com\/uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.finder.com\/uk\/#organization","name":"Finder","url":"https:\/\/www.finder.com\/uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png","width":1392,"height":1392,"caption":"Finder"},"image":{"@id":"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/findercomuk","https:\/\/x.com\/findercomUK","https:\/\/www.linkedin.com\/company\/finder\/","https:\/\/en.wikipedia.org\/wiki\/Finder_(website)"],"description":"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.","email":"heythere@finder.com","legalName":"Finder","foundingDate":"2006-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Person","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/person\/2bcd9231d1c1e8ed47cffe934574b9ad","name":"Chris Lilly","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/person\/image\/","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/ChrisLillyF1_Finder_600x600.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/ChrisLillyF1_Finder_600x600.png","caption":"Chris Lilly"},"description":"Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.","sameAs":["https:\/\/twitter.com\/ChrisLillyCL","https:\/\/www.linkedin.com\/in\/chris-lilly-46a15627\/"],"url":"https:\/\/www.finder.com\/uk\/author\/chrislilly","jobTitle":"Head of publishing","knowsAbout":[{"@type":"Thing","name":"Loans & credit cards"},{"@type":"Thing","name":"Building credit"},{"@type":"Thing","name":"Financial health"},{"@type":"Thing","name":"Share trading"}],"worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/uk\/#organization","name":"Finder"}}]},"article_modified_time":"2024-06-11T12:58:08+00:00"},"custom_fields":{"_masthead_subheading":["{\"text\":\"Estimate costs, compare rates and learn the criteria you&#039;ll need to meet for approval.\"}"],"_content_type":["niche-content\/comparison\/amount"],"_masthead_variant":["{\"id\":\"beta-widget\",\"showFeaturedImage\":false,\"presetId\":\"shortcode\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"[nb:product niche_code=\\\"UKFPL\\\" id=\\\"5e794d89-1ae4-4cce-902a-50f6f8138ce9\\\" decorator=\\\"UKFPL.PRODUCT.UKFPL_MASTHEAD_WHITE_LABEL_WIDGET\\\" title=\\\"The UK's largest range of secured loans\\\" cta=\\\"Find my lowest rate\\\"]\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":true,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\"}"],"custom_post_template":["page-nb-table-with-filters.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/345009"}],"collection":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/users\/195"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/comments?post=345009"}],"version-history":[{"count":10,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/345009\/revisions"}],"predecessor-version":[{"id":527311,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/345009\/revisions\/527311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/media\/345071"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/media?parent=345009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/categories?post=345009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/tags?post=345009"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/asset_tag?post=345009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}