Tool
Secured vs unsecured stress check
Plug in realistic numbers. Secured loans typically have lower monthly payments but much higher total interest because the term is so long — and your home is at risk.
Inputs
Secured
Unsecured
Secured
£273 / month
- Term
- 10 years
- Total repaid
- £32,789
- Total interest
- £12,789
Unsecured
£586 / month
- Term
- 5 years
- Total repaid
- £35,151
- Total interest
- £15,151
Secured borrowing is tied to your home. The lower monthly payment usually comes with a far longer term and higher total interest. If your income drops, your home is at stake. Only consider after free debt advice and mainstream alternatives.