A secured loan (a loan secured against the value of your home) can save you huge payments in interest, according to a recent independent study.
MoneyExpert.com says that the average rate for an unsecured loan of £15,000 is 8.44 per cent, compared with a secured loan of £15,000 which has an average rate of just 5.9 per cent. That difference adds up! Ask a loans expert if you want further advice.
