Secured Loan Eligibility Calculator
Eligibility Assessment
Available Equity-
Max LTV Available-
Max Loan (equity)-
Monthly Affordability-
Estimated Max Loan-
Eligibility by Credit Profile
| Credit | Max LTV | Typical Rate | Max Term | Min Income |
|---|---|---|---|---|
| Good | 85% | 4.5–6% | 25 years | £15,000 |
| Fair | 75% | 7–10% | 20 years | £18,000 |
| Poor | 65% | 10–15% | 15 years | £20,000 |
Criteria vary by lender. Specialist lenders may accept higher LTV for adverse credit at higher rates.
Eligibility Requirements
Min Property
£70,000
Min Loan
£10,000
Max Loan
£500,000
Min Age
18 years
Homeowner
Required
1st Mortgage Consent
Required
How to Use This Calculator
1
Enter your income
Input gross annual income. Joint applications can combine incomes.
2
Enter property details
Input current market value and outstanding mortgage to determine equity.
3
Add existing debts
Include all monthly debt payments that affect affordability.
4
Select credit profile
Honest assessment of credit history determines rate and LTV limits.
5
Review eligibility
Maximum loan shown is the lower of equity-based and affordability-based limits.
Frequently Asked Questions
What is a secured loan?
Money borrowed against your property as collateral. Lower rates than unsecured loans but risk of repossession if you default.
How is eligibility determined?
Three factors: available equity, income affordability and credit history. All three must meet lender criteria.
Can I get one with CCJs?
Yes, specialist lenders accept CCJs at higher rates and lower LTV. Satisfied CCJs over 2 years old have less impact.
How long does it take?
Straightforward applications take 2-4 weeks. Complex cases 4-8 weeks. A property valuation is always required.
What are the alternatives?
Remortgaging, personal loan (unsecured up to £25,000), credit card, further advance from current lender, or equity release if over 55.
Official Sources & References
Data verified against official UK government sources. Last checked April 2026.