This is the most common type of loan for leisure and many other goods purchased for personal use. The borrower has immediate ownership and use of the goods while the goods are used as security by the lender against the funds extended. Secured loans attract the most attractive interest rates due to the security element. We arrange these loans with a fixed interest rate and over a fixed loan term to arrive at a fixed monthly loan repayment figure. So once you’ve set-up your direct debit, you can travel off into the sunset, reassured that you won’t have to address your loan until the end of the loan term.