Before applying for a loan or financial product of any kind, it is essential to ensure you can afford the repayments. This is of paramount importance with secured lending, when using your home as security for the loan.

Our exclusive secured loan calculator makes it quick and easy to determine the approximate monthly repayments, based on how much you would like to borrow, the length of the repayment period and the estimated interest rate. Once you are confident you can comfortably afford the repayments, we can help you find your perfect secured loan from one of the UK’s leading specialist lenders.

How Does Our Secured Loan Calculator Work?

Using our online secured loan calculator is easy – just follow the steps outlined below:

  1. Enter the amount you would like to borrow
  2. Input an approximate rate of interest
  3. Enter your preferred repayment period in years
  4. Press the ‘Calculate’ button to see the results

Additional borrowing costs alongside annual interest may apply – call or e-mail anytime to discuss your requirements in more detail.

Estimated Secured Loan Rates

Interest rates vary significantly from one product and lender to the next. The interest you can expect to pay will be determined on the basis of several factors, such as the size of the loan, the length of the repayment period, your financial circumstances and your credit score.

If you have a good credit score and are in a comfortable financial position, use an interest rate slightly above that of a regular mortgage in our second charge secured loans calculator.  Applicants with an average or poor credit score and financial status should enter between 5% and 12%, as a guide, depending on severity.

Please note, however, that these are purely indicative guidelines and may not be an accurate reflection of actual second charge secured loan rates at the time. For a clearer indication of the interest rate, you can expect on your second charge secured loan, call or email anytime for an obligation-free consultation.

What Can a Second Charge Secured Loan Be Used For?

A second charge secured loan can be used for almost any legal purpose whatsoever. The most common example of a secured loan is a standard mortgage, where the property being purchased is used as security for the loan, however, it is also possible and may be more cost effective to take out a second charge secured loan to purchase a vehicle, consolidate debt to reduce outgoings, to fund home improvements, business purposes and so on. Providing that you have a qualifying asset of suitable value to cover the total costs of the loan, you should be eligible for an affordable secured loan.

Where Can I Find the Best Secured Loan Deals?

Secured loans are available from conventional banks but more often from specialist lenders across the UK. This is why we strongly advise working with an independent broker, who can conduct a whole-of-market search on your behalf to find you the best deal.

Use our online secured loans calculator to learn more about repayment options, or call anytime to discuss your requirements in more detail.


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