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 »  Home  »  Secured Debt  »  A Personal Secured Home Loan
A Personal Secured Home Loan
By Alex Stuart | Published  08/27/2007 | Secured Debt | Unrated
A Personal Secured Home Loan

A personal secured home loan is a loan guaranteed against an asset. It is like a mortgage loan.

The portal lists a number of lenders, who are the best in the United Kingdom in providing personal secured home loans in the UK at a cheap annual percentage rate with affordable monthly repayments.

The annual percentage rate for secured loans is usually cheaper compared to that of unsecured loan which do not require a guarantee. You will also have greater flexibility in deciding the term of the loan and interest rate charged.
You can borrow from £3,000 to £75,000 or more to meet your needs against the value of the property you are giving as a guarantee.

You can compare the APR and the monthly repayment of borrowers before applying. In the case of borrowing 10,000 pounds over five years,

      Freedom Finance has 7.71 percent APR with a monthly repayment of 200.15 pounds.
      Loan.co.uk has 7.7 APR and monthly repayment is 200.10 pounds.
      APR at Chase Saunders is 7.9 percent with monthly repayment of 202.29 pounds.
      Compass Finance - APR 7.9 percent, monthly repayment 208.11 pounds.
      E-loan.co.uk - APR 10.9, monthly repayment 214.58 pounds.
      Easy Loans - APR 10.9, monthly repayment 214.58 pounds.
      Dial4aloan - APR 10.9, monthly repayment 214.76 pounds.
      Debt buster Loans - APR 12.9 and monthly repayment 227.02 pounds.

Companies also help you get many other different types of loans like unsecured loan and bad credit loans which can be a home loan, car loan or other personal loan. It also helps you get business loans. Business loans can be secured or unsecured and each have a number of advantages. They are flexible, permit you to retain business ownership, help cash flow management, and the interest repayments are tax deductible.

Home loans are available at a fixed interest rate and variable rates. There are hundreds of lenders providing home loans in UK and the interest rates range from 4.5 to over 7.5 percent.