Personal secured loans are loans that are offered to individuals rather than businesses.

Rates for a personal secured loan will be way lower than for other loan products so it makes good financial sense for many of us over term of our borrowings. It can, in other words, significantly cut our costs.

Whenever we take out a secured loan we give a guarantee to lender we choose that we are willing to repay our debt. This isn't just a question of signing an agreement and promising to do our best. We put our personal property behind our agreement. So, if we stop making repayments on our secured loan, lender can simply take its money from our secured property. This, as you might imagine, makes us much less of a risk - so that's why we get such good interest rates!

What you have to ask yourself is how likely this is to happen to you. Chances are it won't. But, you have a couple of points to consider before taking out these types of personal loans to make sure you protect yourself and your property.

Firstly, you should never borrow so much cash that your repayments in themselves are beyond your personal income. Do this and, to be honest, you're asking for trouble from word go. If you're unsure at how your finances will cope with loan you need then talk to a secured personal loans specialist to get some advice.

Secondly, you should think about taking out some kind of payment protection insurance policy for your secured loan. Things can happen that stop us making repayments and managing our finances - with this sort of plan behind you you'll have no problems. It will, under certain circumstances, simply take over your repayments for you for a while.

What's fastest way of raising money for your business idea? A business loan, but what kind of loan should you get and who should you get your loan from. You could ask family and friends for a loan but they might not be as convinced about your winning idea as you are.

Where you go for finance depends on how much you need to raise and how you set up your business. Sole traders and partners are liable for all debts in a business venture, whereas with limited companies, directors are liable only for amount of debt they personally hold in company.

A business loan is designed for a wide range of UK small, medium and start-up business needs including purchase, refinance, expansion of a business, development loans or any type of commercial investment. Finance is lifeblood of a business. Without it you cannot grow.

Business loans are one possible source for business cash. You should be sure that specific need for money is applicable and that loan is suitably structured.

Business loans have a variety of advantages over other forms of finance:

Flexibility: A business loan allows you to preserve your cash and working capital.