Step One Finance Secured Loans

  • We've teamed up with the UK's favourite secured loan broker* Fluent Money to help you in your secured loans search
  • Homeowner secured loans usually have to be applied for through a broker using your property as security
  • Compare Step One Finance against other secured lenders using the calculator below

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Loan amount


Repayment term

10 years


home improvements
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it. Show representative example

    • Step One Finance Limited logo

      Step One Finance Limited

      • Initial Rate
      • Total Repayments
      • Monthly Repayments

    Other Secured Lenders

    • Pepper Money logo

      Pepper Money

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Shawbrook Bank Limited logo

      Shawbrook Bank Limited

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • United Trust Bank logo

      United Trust Bank

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Equifinance logo


      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Together logo


      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Oplo logo


      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Norton Home Loans logo

      Norton Home Loans

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Central Trust Ltd logo

      Central Trust Ltd

      • Initial Rate
      • Total Repayments
      • Monthly Repayments
    • Evolution Money logo

      Evolution Money

      • Initial Rate
      • Total Repayments
      • Monthly Repayments

Please note: Loans displayed have a minimum term of 12 months and a maximum term of 360 months. Maximum APRC charged 49.9%.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Our comparison service features a selection of providers from whom we receive commission. This table is ordered by initial rate. *Fluent Money completes more secured loans than any other broker.

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Last updated on 09 November 2020.

Step One Finance Secured Loans FAQ

Who is Step One Finance?

Step One Finance is a Woking-based consumer lender that was established in London in 2010. It is registered with the Financial Conduct Authority and provides loan products including unsecured personal loans, secured loans, guarantor loans and bridging loans.

Who might want to borrow a Step One Finance secured loan?

Those looking for secured loans are often people who want access to larger loan amounts than those offered by unsecured loan providers. They may also want to repay the loan over a longer period of time.

You can usually spend the money borrowed through a secured loan provider on anything, but costly home improvements, debt consolidation, business asset purchasing and large unexpected expenses are other popular reasons to look for a secured loan. If you do use the cash to consolidate existing debt, however, it is important to realise that you may end up repaying more in total as the term of the loan could be extended far beyond your initial deals.

Can people with poor credit get secured loans?

Sometimes, secured loan providers will consider an application from a homeowner with a less-than-perfect credit score because the debt will be secured against a property. However, if you are considering applying for a secured loan, remember that the lender could repossess your property if you fail to meet your repayment obligations.

How much will I be able to borrow through a Step One Finance secured loan?

Step One Finance will lend up £150,000 to homeowners, providing they meet the lending criteria for the maximum loan amount and that the loan plus the existing mortgage on the property does not exceed 95 per cent of the home’s value. Step One Finance will examine criteria such as your income, your existing financial commitment, your employment status, your age, and of course, your homeowner status, before deciding how much to offer you.

Are secured loans cheaper than unsecured loans?

Secured loan providers will often offer a more favourable interest rate to borrowers than unsecured loan providers, simply because the risk to them is lower. However, the total repayable could be more if the term of the loan is longer and the repayments are spread over years rather than months, for example. There are also often charges applicable to secured loans, that you need to be aware of. These can include early repayment charges, late repayment charges, arrangement fees and other admin charges.

Does NerdWallet refer me straight to the lender?

No. We work alongside a popular secured loan broker called Fluent, who helps our customers source and apply for appropriate loans. However, some lenders will deal with borrowers directly if they prefer not to use a broker.

How quickly does my application for a Step One Finance secured loan get processed?

It takes longer to apply for a secured loan and receive the funds than for an unsecured loan, as many more checks have to take place. This is to protect the borrower who is making a significant financial commitment.

Services offered by this provider may change over time. Always check Ts&Cs.

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