Loans.co.uk

Loans.co.uk offers an easy way to compare a number of secured loans currently available in the UK.

Rates start at just 7.9% ARP Variable and rising to 17.9% APR Variable. Over half of successful applicants receive a rate of 9.9% APR Variable or lower. Your actually rate will depend to a large extent on your credit history and current circumstances.

That doesn't mean that those with a poor credit history can't apply. Applications are welcome from all homeowners, even if you have had CCJs against you or if your mortgage is currently in arrears.

Loans.co.uk offers a wide number of options to find a secured loan to suit you. These include getting a fixed rate for the first 5 years, pay nothing for the first 5 months or an option to get a rebate on early settlement of the loan. It may be worth having a look at these options to see if they would make a loan more manageable for you or even to see if it will save you some money in the long run.

Don't forget that these loans are secured on your property and as such your home may be at risk if you fail to keep up repayments. Make sure you're aware of this risk before you choose to secure any debts against your house.
Summary Table

Interest Rate	Typical 11.4% APR Variable
Repayment Terms	Varies
Loan Amounts	£3,000 to £75,000
Secured?	Yes
Early Payment Penalty	Varies by Loan

Credit Sources Review

Loans.co.uk seems to vary from a number of other loan comparison services by offering many more options for loan features. These include fixed rate loans, repayment holidays etc. Think about your own circumstances to see if any of these features would help you or save you money.

The typical APR also seems fairly competitive when compared with other similar sites. However, it can still be best to shop around before committing to one lender.

One thing I have noticed is that their application form can seem a little daunting compared to others. The questions, though, are pretty much standard - you just have to scroll across the screen to see the whole form which can make it seem a lot worse than it really is.