Secured Loans Bad Credit | Apply Now - Instant Decisions

Badger Loans is a broker not a lender.

Badger Loans will NEVER and does not charge any fees either up front or during any part of your loan process. Nor do we call our customers as we are 100% online. If you receive a phone call or any communication from anyone purporting to be from Badger Loans it is highly likely you are being scammed and you should not part with any money. Please always check the firm you are dealing with is licensed by the Financial Conduct Authority and clearly displays their FCA number. Ours is 747140. FCA Register Search >

Secured Loans
For Bad Credit

Secured Loans

Welcome to the Badger Loans Secured Loans for Bad Credit page for Homeowners

Unfortunately we currently have NO true secured loans for home owners.

Fortunately we believe we have the next best thing. If not, better!

Available only via a broker (that’s us) and exclusively for UK Homeowners, we give you:

UK Credit – unsecured loans for Homeowners

Our UK Homeowner deal is via UK Credit who are a direct lender for brokers. They have a fantastic deal for Home Owners which is an unsecured loan. BUT you MUST be a homeowner to qualify and you will be asked to prove it. Here’s the deal:

Borrow between £3,000-£20,000 over 36-120 months or to put it another way you can borrow the money from between 3 and 10 years (subject to loan value). The Representative APR for this deal is 31.9%. Go to the link here: UK Credit Unsecured Loan for Homeowners

Remember that one of the biggest advantages of this loan is that it’s unsecured. That means if for whatever reason you can’t repay the loan, you will not have your home repossessed as a result. You might pay slightly more for this loan as it is unsecured but what price the safety of knowing your home is not at risk if you can’t keep up the repayments? 

Bad Credit – No Problem

Got Bad Credit? Not a problem. If you have exited your IVA or Debt Management Plan over 12 months ago, you can apply for a loan. You can have defaults, CCJs and arrears too. Please make sure these have been satisfied or you won’t be considered. Been made bankrupt? You need to have been clear of your bankruptcy for 36 months (3 years) and you are eligible to apply.

That’s it – 1 great deal from 1 great company. One who will find you the best rate for your situation and will lend you the money against your home but won’t snatch it back if the worst happens.

Please bear in mind that all the information below the video is purely for informational purposes only. It is designed to help you understand more about secured loans. It does not apply to the UK Credit deal because it is not secured against your property.


Secured Loans Against Property

The most common types of secured loans are usually against your property such as a home, flat or motorhome. To be eligible, you will need to be the homeowner and the lender will need to know what equity you have in your home and the outstanding balance of your mortgage.

The more equity in your home and the more the property is worth, the more you can usually borrow – and this can often be amounts such as £50,000, £100,000 or more.

If you have a mortgage already, any additional loans against your home as referred to as ‘second charge mortgages’ – because it is essentially the second charge taken from your bank account after your first mortgage.

To proceed, the lender will usually send a chartered surveyor to value your property and you will need to show proof of ownership including things like recent utility bills.

What is the Eligibility for Secured Loans?

  • Over 18 years of age
  • Full-time UK resident
  • Employed and able to afford monthly repayments
  • Sole owner of the property, vehicle or asset
  • Not too many other credit commitments or loans outstanding

What Are Secured Loans Used for?

  • Weddings
  • Education
  • Holidays
  • Debt consolidation
  • Home improvements
  • Car purchases
  • Starting a business

Will My Home or Vehicle Be Repossessed?

If you fail to keep up with your monthly repayments, your home or vehicle may be repossessed by the lender. Your secured loan is given to you upfront in one lump sum. If the lender does not receive their repayments, they will need to take the necessary measures in order to retrieve their loss of funds.

However, repossessing items does create extra work for the lender (especially a home). They will usually take all the measures they can to try other means of collecting their funds. This could be through emails, phone calls and letters. Repossession is usually a last resort.

Will You Run a Credit Check on a Secured Loan?

Yes, the best secured loans companies will run a credit check for every applicant. However, this is likely to be a ‘soft credit check’ which will not impact your credit score.

Your credit score is taken into consideration when applying for a secured loan. There are a lot of lenders that will take a view on bad credit histories. They may look at your more recent credit history. If you are improving, this could help your eligibility. Equally, if your asset is very valuable, they will take this into account.

How to Apply for Secured Loans with Badger Loans

Our entire loan application is completed online in less than 5 minutes. Use the links to UK Credit in the boxes above, fill out the form and they will do the rest.

There are usually extra checks with secured lenders since you have to confirm your ownership and value of the collateral you are using.

Why Apply For A Personal Loan with Badger Loans?

  • Amount between £100-£25,000
  • Term from 12 months to 5 years
  • You need a Personal Loan
  • Good or Bad Credit
  • With or Without Guarantor

Legal Information

Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. The total amount repayable is £1564.59. Interest amounts to £564.59, an annual interest rate of 59.97% Representative APR: 79.5% (variable).

Badger Loans