Secured vs unsecured loan ?

travelmonster

Difference between secured loan vs unsecured loan in terms of rates ? Etc need something like 18k

PeacefulWaters

Are you asking me to search multiple lenders products for you?

somethingcorporate

http://lmgtfy.com/?q=loan+rates

Ebe_Scrooge

The APR on a secured loan will usually be lower than that on an unsecured loan for an equivalent amount. Secured means if you fail to pay, the lender can easily seize the asset it's secured against, and sell it ( typically a house or a car ). Unsecured means they have the hassle and cost of court orders, bailiffs etc. As to what what APR you personally will be offered, no-one can even guess at. If you want any meaningful help here, you're going to have to give us a lot more details.

[Deleted User]

Unlikely (but not impossible) that you would get 18k unsecured, would need more details about income and other debt.
Best bet might be to see if your mortgage lender would advance you that sort of money, that will depend on the equity in property.

foxy-stoat

travelmonster wrote: »

Difference between secured loan vs unsecured loan in terms of rates ? Etc need something like 18k

APR will be less, term will be more - try a £15K unsecured loan first or save up a bit.

adindas

travelmonster wrote: »

Difference between secured loan vs unsecured loan in terms of rates ? Etc need something like 18k

Unless you do not shop around, it is almost always (if not always) the case that secure loan will always have a lower rate than unsecure loan. Few people get re-morgaging with interest of lower than 1.5%.

But you cannot always use your assets to secure your loan agreeably by the lender ...