United Trust Bank Secured Loans

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  • 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 United Trust Bank against other secured lenders using the calculator below

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. Click here for a representative example

    • United Trust Bank logo

      United Trust Bank

      • Initial Rate
        4.45%
      • Total Repayments
        £37,222.80
      • Monthly Repayments
        £310.19

    Other Secured Lenders

    • Paragon Bank PLC logo

      Paragon Bank PLC

      • Initial Rate
        3.60%
      • Total Repayments
        £35,767.20
      • Monthly Repayments
        £298.06
    • Optimum Credit Ltd logo

      Optimum Credit Ltd

      • Initial Rate
        4.00%
      • Total Repayments
        £36,448.80
      • Monthly Repayments
        £303.74
    • Masthaven Bank Ltd logo

      Masthaven Bank Ltd

      • Initial Rate
        4.19%
      • Total Repayments
        £36,774
      • Monthly Repayments
        £306.45
    • Shawbrook Bank Limited logo

      Shawbrook Bank Limited

      • Initial Rate
        4.20%
      • Total Repayments
        £36,792
      • Monthly Repayments
        £306.60
    • Together logo

      Together

      • Initial Rate
        6.65%
      • Total Repayments
        £41,152.80
      • Monthly Repayments
        £342.94
    • Step One Finance Limited logo

      Step One Finance Limited

      • Initial Rate
        6.90%
      • Total Repayments
        £41,613.60
      • Monthly Repayments
        £346.78
    • Oplo logo

      Oplo

      • Initial Rate
        8.00%
      • Total Repayments
        £43,686
      • Monthly Repayments
        £364.05
    • Norton Home Loans logo

      Norton Home Loans

      • Initial Rate
        8.30%
      • Total Repayments
        £44,258.40
      • Monthly Repayments
        £368.82
    • Central Trust Ltd logo

      Central Trust Ltd

      • Initial Rate
        9.50%
      • Total Repayments
        £46,582.80
      • Monthly Repayments
        £388.19
    • Evolution Money logo

      Evolution Money

      • Initial Rate
        10.20%
      • Total Repayments
        £47,973.60
      • Monthly Repayments
        £399.78

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.

United Trust Bank Secured Loans FAQ

Who is United Trust Bank?

United Trust Bank has been in operation since the 1950s. It is authorised by the Financial Conduct Authority and offers various loan products to individuals and businesses directly, and through brokers.

Can I take out a secured loan with United Trust Bank?

Yes, United Trust Bank secured loans are available to borrowers who meet the lending criteria. It offers secured loans for a range of purposes, such as covering wedding expenses, paying a large bill – such as a tax bill – or financing a major domestic renovation project.

Can I use a United Trust Bank secured loan for debt consolidation?

Yes, it is possible to borrow against your property in order to repay other loans. This is known as debt consolidation and sometimes helps people to simplify their debt into a manageable monthly repayment. However, this approach also often extends the overall term of a loan and increases the total amount repayable as a result.

What risks are involved in taking out a secured loan?

Taking out a secured loan, as opposed to an unsecured loan, is far more risky. This is due to the fact that the lender can repossess your home if you fail to repay the debt. In addition, if you find that you miss even one repayment, you may be charged a late payment fee and this can worsen your financial situation. Therefore, it’s sensible to consider whether a secured loan is right for you before making such as significant financial commitment.

Where does NerdWallet get its information from about United Trust Bank secured loans?

We work in conjunction with secured lending broker, Fluent, when putting together our secure loan comparison tables. Working with brokers is often preferred among people seeking secured loans and many lenders will only lend through intermediaries. However, if you want to avoid broker fees, you can still find lenders who will deal with borrowers directly.

What should I do if I think I might miss a repayment on my United Trust Bank secured loan?

If you find yourself struggling financially after taking out a secure loan, it’s important to contact your lender as soon as possible and to be honest about the fact that you may have difficulties meeting repayments. The lender will often try to rework your repayment structure to help you keep up with your repayment schedule. If you do miss a repayment, late payment charges will often be applied.

What are the lending criteria for a United Trust Banks secured loan?

When you apply for a United Trust Bank secured loan, you will be asked to provide evidence and information about your financial and employment situation. Your credit record will be checked, and you are likely to have your home valued by the lender. Whether you are approved for a loan, and how much you are offered, will depend on the outcome of these checks. The interest rate that is applied to your loan will also be reliant on factors like the value of your house, your existing mortgage value and your credit score.

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

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