As a secured loan will usually be for higher value purchases, this is normally not a short term option. Unless you have high affordability and can pay the loan term quickly, a secured loan will normally be for many years, for example, a mortgage agreement. If you are looking for short term borrowing, the best option is to consider unsecured loans instead as you will not have to provide security for the loan. Through us, you can choose flexible terms and borrow a smaller value over 3 to 6 months, ideal to cover unexpected bills or an emergency you can’t cover with savings alone.