Most lenders will consider any purpose for your loan, providing it is considered legal! The majority of secured loans tend to be for consolidating loans and other credit commitments into one more manageable repayment. As secured loan repayments can be spread over a term to suit you, (3 years up to 30 years depending upon the lender) it means you could benefit from reducing your monthly credit expenditure down to something considerably more manageable.
Other uses for a secured loan could include home improvements such as a conservatory, house extension or room conversion, garden landscaping, a wedding, school fees, or a car or boat purchase for example. Some secured loan lenders will provide money for a business.