In most cases, lenders will require you to provide a Personal Guarantee (PG) when taking out a secured loan. This is an agreement between you and the lender which states that if you are unable to make your repayments, the lender can take legal action against you to recover the money. A PG is usually required for secured loans of larger amounts and may also be requested for some smaller loans. It is important to bear in mind that providing a PG could put your personal assets at risk, so it is advisable to seek advice from a qualified financial adviser before making any decisions about taking out a secured loan.