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Secured Loan Calculator

Try our secured loan calculator below for instant online estimated quotes with no credit search

Secured loan calculator – it sounds simple but it’s not

Every secured personal loan granted takes in to consideration so many factors, you couldnt get a 100% reliable quote from multiple lenders online. Perhaps more important is the human personal factor to understand your situation and stop you making a bad or uninformed decision. Our calculator will help you get close to understanding your likely repayments.

Check out the links below to our secured loan pages with detailed information and explanatory videos

Secured loans with bad credit history – click here
Secured loans for debt consolidation – click here
Secured loans for self employed – click here
Secured loans for home improvements – click here

Estimate your secured loan repayments now

Use the sliders below to get an approximation

For a personal underwritten quote, click the QUOTE ME button and request your free, fast, no-obligation quotation

    Find a secured loan

    Enter some details and we will estimate your repayments on our popular loan plans – this will NOT affect your credit rating.

    How much you would like to borrow?

    £

    Type in the box for larger amounts

    For how long?

    yrs

    Use the slider or type into the box

    What best describes your credit rating?

    Perfect: In the last year you have no mortgage arrears, CCJs or defaults. Your credit score is high.

    Your repayments are estimated at

    £249.51 per month

    By submitting any information to us, you are confirming you have read and understood the Data Protection & Privacy Policy.
    QUOTE MEClick here to request a full, no-obligation quotation
    More than 50% of borrowers receive offers better than our representative examples. The %APR rate you will be offered is dependent on your personal circumstances.
    Secured / Second Charge Loans secured on your home
    Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55.730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.2
    LOANS SECURED ON YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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    How Do Secured Loan Calculators Work? Here’s What You Need to Know

    If you’re reading this or watching the video, you’re probably curious about how secured loans calculators work—and whether they can help you figure out how much you can borrow.

    Here’s the good news and the bad news…

    The Truth About Secured Loans Calculators

    The Bad News:

    Secured loan calculators can’t give you an exact quote. That’s because secured loans are personal and depend on many variables, such as:

    • Your property value
    • Your current mortgage balance
    • How much you want to borrow
    • Loan term
    • Affordability checks
    • Your credit profile

    A basic online calculator simply can’t account for all of these moving parts.

    For instance, lenders evaluate your loan-to-value ratio, your income and expenses, and even how your credit is assessed. Some lenders use credit scoring systems, while others rely on manual underwriting based on a detailed credit search—not just your credit score.

    The Good News:

    You don’t need to rely on a secured loans calculator alone. You can get a free, no-obligation quote from a specialist advisor who reviews your personal circumstances, lender criteria, and affordability—all without it costing you a penny.

    Why You Need Expert Advice for Secured Loans

    With a secured loan, advice isn’t just helpful—it’s a requirement. A qualified advisor will:

    • Compare secured loans vs. remortgages
    • Assess your financial goals
    • Review your credit profile and affordability
    • Match you with suitable lenders from across the market

    This holistic view ensures you’re not missing out on better options.

    🚨 Be cautious with online comparison sites. Many just pass your details to third-party specialists who may only look at secured loans—not remortgages or other viable alternatives.

    When Might a Secured Loan Be Right for You?

    Secured loans are often used for capital raising, such as home improvements, debt consolidation, or investing in property. They’re not for buying a house—that’s where traditional mortgages come in.

    You might consider a secured loan if:

    • You’re locked into a low mortgage rate and don’t want to remortgage
    • You’ve recently changed jobs or have a non-standard income
    • You’ve had minor credit issues since your last mortgage
    • Your loan-to-value ratio would worsen with a remortgage
    • You’re dealing with adverse credit, CCJs, or even recent bankruptcy
    • You’re self-employed or have income types that high-street lenders don’t favor

    Secured Loans vs. Remortgaging – What’s Cheaper?

    An experienced advisor can run the numbers and compare both scenarios for you:

    • Keep your existing mortgage and add a secured loan
    • Remortgage your entire debt into one new loan

    Sometimes, keeping your current mortgage and taking a smaller secured loan at a higher rate ends up being more affordable overall.

    Debt Consolidation and Flexible Loan Purposes

    Secured loans are ideal for debt consolidation, especially when mortgage lenders are reluctant. They also offer more flexibility in how you use the funds—something traditional lenders might restrict.

    The Bottom Line: Don’t Rely Solely on a Calculator

    With so many variables at play, a secured loan calculator can only offer a rough estimate. The best way to understand your real options and monthly repayments is to speak with a qualified advisor.

    ✅ Ready to explore your options?
    Get your free secured loan quote today with our calculator

    Want to Learn More?

    🎥 Visit our YouTube Channel – Promise Money on YouTube
    Explore videos on secured loans, debt consolidation, mortgages, bridging finance, and more. Don’t forget to subscribe and find the right playlist for your needs.

    Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.

    More than 50% of borrowers receive offers better than our representative examples

    The %APR rate you will be offered is dependent on your personal circumstances.

    Mortgages and Remortgages

    Representative example

    Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66

    Secured / Second Charge Loans

    Representative example

    Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20

    Unsecured Loans

    Representative example

    Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.

    THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

    REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

    Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774
    Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG

    Authorised and regulated by the Financial Conduct Authority – Number 681423
    The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages

    Website www.promisemoney.co.uk