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UK Mortgages & Loans -> Secured Loans
A secured loan is a basically a loan which is secured against a borrowers asset such as their property. The sum of money that they are allowed to borrow will normally depend on the value of the equity in their property.
A secured loan is always a lot easier to obtain compared to other loans such as an unsecured loan. They are also a lot more flexible in their terms as well as having a lot lower interest rates.
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