What are secured loans?
Secured loans are loans secured against an asset. This is usually your home, therefore secured loans are (in the vast majority of cases) for homeowners only.
A secured loan can often be described in other ways, such as a ‘homeowner loan’, ‘secured finance’ or a ‘secure loan’.
The LoanCube only offers secured loans, so unfortunately we are unable to help with finance unless you have a property that you are happy to secure against your finance.
We tend to offer secured loans to individuals (personal secured loans) and generally do not specialise in business finance, however it may be worth submitting us your details whatever your circumstances as long as you have a property asset to secure against your loan. The secured loan rate you will be offered by our lending partners will be based on your personal circumstances.
Secured loans can often mean better rates than ‘unsecured loans’ (loans not secured against any asset) because the lender has more security if you are unable to keep up with repayments.
Market rates for secured loans vary massively across the industry and between lenders and companies offering loan quotes, but with the power of the internet and tools such as LoanCube at your disposal, it is becoming easier than ever to compare secured loan rates.
LoanCube.co.uk is not an Independent Financial Advisor (IFA), therefore if you have any questions about finance, secured or otherwise, or are not sure how to proceed, contact a reputable IFA in your area.