See what one lower payment could save you.
Use our free secured loan calculator with live rates. Find out what consolidating your debts into one payment could look like, or see what you could borrow against your home.
Your debts, one payment
Illustrative example only
Illustrative only. Your savings depend on your circumstances.
How much could you borrow?
Use the sliders to see how much you could borrow with a secured loan, based on your income, spending, and property value.
For illustration purposes only. Your actual borrowing limit depends on your circumstances, credit history, property value, and lender criteria.
Compare secured loan rates
See live rates from real lenders. Enter your loan amount and property details to compare monthly payments.
For illustration purposes only. Results do not constitute a loan offer or personal recommendation. Actual rates depend on your circumstances, credit history, property value, and lender criteria.
What the numbers mean
Here's how to read your calculator results and decide if a secured loan makes sense.
Monthly payment
Your single monthly payment on the secured loan. Compare this against what you currently pay across all your debts.
Total repayable
The full amount you would repay over the loan term, including all interest. A longer term means lower monthly payments but more interest overall.
Interest rate
The annual rate on the secured loan. Because it's secured against your home, rates are typically lower than credit cards or personal loans.
What to do next
Like what you see? Get a free personalised quote. Your adviser will find the best deal for your exact situation, with no obligation.
Five reasons a secured loan could work for you
Most people use a secured loan to simplify their finances. Here's why it makes sense.
One payment instead of several
Replace multiple credit cards, loans, and finance agreements with a single monthly payment. Easier to manage, easier to budget.
Lower monthly outgoings
Spreading your debt over a longer term usually means a lower monthly payment than the combined cost of your existing debts.
A fixed end date
Unlike revolving credit card debt that never seems to go down, a secured loan has a set term. You know exactly when it will be paid off.
Keep your existing mortgage
A secured loan sits alongside your mortgage. You don't have to give up a competitive rate or pay early repayment charges to remortgage.
More flexible on credit
Because the loan is secured against your property, lenders can often be more open to applications where credit history isn't perfect.
Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home. A secured loan is a long-term commitment, and while monthly payments may be lower, you could pay more interest overall.
From calculator to completion
Liked what the calculator showed you? Here's what happens next.
Try the calculator
Enter your details and see live secured loan rates for your situation. Free, no sign-up, no credit check.
FreeGet your free quote
Want to go further? Answer a few quick questions and Albot searches thousands of plans to find your best options.
90 secondsAdviser handles it all
A qualified adviser from Loan.co.uk reviews everything with you and manages your full application to completion.
FCA regulatedCalculator and secured loan questions
Everything you need to know about using the calculator and secured loans.
How accurate is this calculator?
The calculator uses live rates from real lenders, so the figures are a strong indication of what's available. Your actual rate will depend on your individual circumstances, including your credit history, income, property value, and existing mortgage balance. For an exact quote tailored to your situation, use our free quote tool.
Will using the calculator affect my credit score?
No. The calculator does not run any credit checks. It uses the information you enter to estimate payments based on current market rates. Even when you move to the personalised quote stage, Albot uses a soft search that does not appear on your credit file.
Can I use a secured loan for debt consolidation?
Yes, and it's the most common reason people take out a secured loan. You can consolidate credit cards, personal loans, car finance, and other debts into one monthly payment. Many first charge mortgage lenders restrict debt consolidation as a purpose, which is why a secured loan (second charge) is often the better route. Your adviser will confirm whether this is the right option for you.
How is a secured loan different from a personal loan?
A secured loan uses your home as security, which means lenders can offer more money (up to £1.5m), lower rates, and longer terms (up to 30 years). Personal loans are unsecured, typically cap at £25,000 with terms up to 7 years, and often have higher rates. The trade-off: because a secured loan is tied to your home, your property may be repossessed if you don't keep up repayments.
Can I get a secured loan with less-than-perfect credit?
Often, yes. Because the loan is secured against your property, lenders can be more flexible about credit history. Many specialist lenders consider applications from people with missed payments, CCJs, defaults, or other credit issues. Rates may be higher, but options are frequently available where personal loans would be declined. Your adviser searches across specialist as well as mainstream lenders.
Will a secured loan affect my existing mortgage?
No. A secured loan sits alongside your existing mortgage as a "second charge". You keep your current mortgage deal exactly as it is. This is particularly useful if you're on a good rate you don't want to lose, or if remortgaging would mean paying early repayment charges.
What happens if I can't keep up repayments?
Your home may be repossessed if you do not keep up repayments on your mortgage. Lenders will usually try to work with you if you're having difficulties, so it's important to contact them early if you have any problems. Only borrow what you can comfortably afford.
Ready to get a personalised quote?
The calculator gives you the big picture. A free quote gives you the exact deal for your situation, with an expert adviser to handle everything.
Get my free quoteRepresentative Example (Secured Loans & Second Charge Mortgages)
If you borrow £18,000 over 10 years, initially on a fixed rate for 5 years at 7.4% and for the remaining 5 years on the lender's standard variable rate of 7.9%, you would make 60 monthly payments of £249.27 and 60 monthly payments of £254.63. The total amount of credit is £19,657 (including a lender fee of £595 and a broker fee of £1,062). The total amount repayable would be £30,234. The overall cost for comparison is 10.42% APRC representative. This means 51% or more of customers receive this rate or better for this type of product.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Think carefully before securing other debts against your home. While monthly payments may be lower, you could pay more interest overall by consolidating debts into a secured loan over a longer term.
Calculator results are for illustration purposes only and do not constitute a loan offer or personal recommendation. Actual rates depend on your circumstances, credit history, property value, and lender criteria.
Albot is an introducer and technology platform, not a lender and not a broker. Applications may be passed to Loan.co.uk Ltd, which acts as a credit broker, not a lender. Rates are subject to status, affordability checks and lender criteria.