A personal secured loan is often referred to as a homeowner loan. Personal secured loans are an ideal solution for homeowners who have recently been refused a personal loan or for home owners wanting to borrow a larger loan amount.

Personal secured loans have a range of distinct benefits over other types of borrowing. Because of lower risk to loan provider, they pass on reduced interest rates to borrower.

However, they've got more to offer than just attractive Annual Percentage Rates. Today personal secured loans come with all sorts of flexible repayment terms that will make it easier for you to repay, so it's important to read small print.

Clauses to keep an eye out for include: ‘payment holidays' whereby you can halt repayments for an agreed period of time, and favourable redemption charges - so you won't be penalised if you want to pay loan back early.

As a homeowner, you start out with an advantage, namely, equity on your home. No matter what purpose of your loan, as a homeowner, you enjoy low rates because your property is offered as collateral.

You could use your personal secured loan funds to make home improvements that would drastically improve value of your property. Or you could use it to buy a new car or even for a vacation; there is no restriction on purpose of your loan.

A personal secured loan is perfect way to borrow between £5,000 and £75,000 at a low rate. Obviously better your credit history and individual circumstances will affect rate which is offered to you.

A personal secured loan is a loan which is provided to you from a bank, building society or other financial institution. Personal secured loans require you to be able to put an asset up to secure loan, this is typically your home. Since this affords a measure of security to lender, you get lower interest rates and a longer period in which to pay back your loan.

With a personal secured loan you can borrow from around £5,000 to £75,000 that can be paid back over an average period from 5 to 25 years depending upon amount repayable each month. When you are accepted for personal secured loan you will receive a lump sum in return for your agreement to make regular repayments usually by direct debit.

Taking out a personal secured loan gives you opportunity to borrow money in order to increase value of your home by making improvements. You could also take out a personal secured loan in order to pay off a number of other smaller loans, credit or store card balances. You would then benefit by having to make a lesser monthly payment and ease of having to make only one payment each month.

Personal secured loans can be used for a wide range of purchases or financial help, from home improvements, weddings, buying a new car to consolidating all your existing loans, credit and store cards.