Do you have too many unsecured debts, such as personal loans or credit cards? Maybe you have been tempted by introductory deals and other offers? Is remembering to make payments on time stressful? A debt consolidation loan will put you back in control.

By consolidating some or all of your debts into one loan you will know what interest rate you are paying and when the payment is due. And when your loan will be paid off. If you are a homeowner, a secured loan may be a sensible borrowing option as you can normally borrow larger sums over longer periods.

Apply for a secured loan for any purpose. But remember that you are placing your home at risk.

Arrow Loans offers regulated secured loans for debt consolidation. Our Second Charge Mortgages are flexible and you are guaranteed to be treated fairly. If you have a less than perfect credit history we can still help.

We’ve put together some frequently asked questions, to help you make an informed decision before choosing to take out a loan. Click on the links below for more information.

A secured debt consolidation loan is a second charge mortgage. It uses collateral, such as your home, as security for the repayments. If repayments are defaulted on, as the borrower, you could lose your home. Secured loans are also referred to as ‘homeowner loans’ or ‘second charge mortgages’, as this type of loan ranks after your mortgage for security. Debt consolidation loans are regulated agreements by the Financial Conduct Authority.
Secured loans are loans that are backed by an asset. Your property is collateral for the loan. If you fail to maintain your monthly payments, your home may be at risk.Therefore lenders will often accept an application for a secured loan where they would decline an application for a personal loan. Unsecured loans do not place your home at risk.
In order to apply for a secured loan with Arrow Loans you must fit our criteria:
  • Aged 21-68
  • A homeowner occupier
  • Live in England or Wales
  • Be able to afford the repayments comfortably from normal income
We are dedicated to being open and honest about the procedure for getting a secured loan through us. Therefore we have put together a guide which outlines our loan application process to help you understand every aspect.
Secured loans for homeowners through Arrow Loans are available for people who are looking to borrow up to £25,000
The amount borrowed can be customised to whatever suits you best. Arrow Loans offers secured loan repayments up to 180 months (15 years), which means the loan can be repaid over a term whereby you find the monthly repayment amount affordable.
Secured loan interest rates are usually comparably lower than those of an unsecured loan. This is because secured loans can be taken out over a longer period of time. The amount of borrowing and the term length influences the interest rate.
We are committed to telling our customers about our fees. There are NO fees or costs payable before the loan is issued. When your loan is issued there will normally be an arrangement fee of up to £495 added to your loan amount. This fee will vary as it is intended to cover our costs, such as legal and valuation, on a case by case basis. The amount you repay is clearly stated on your loan quote.
Yes! Our loans are regulated by the Financial Conduct Authority so you can settle early, overpay and make lump sum payments. This can reduce the amount of interest paid on the loan, ultimately saving you money

Interest Rates

Our representative rate for homeowner loans is 19.9% APR - at least 51% of successful applicants receive this rate
The Representative APR includes the cost of arranging your homeowner loan as well as the interest charge on the money lent. You will be told the APR at the commencement of the statutory cooling off period – at least 8 days before you receive your loan documentation to sign.