Out of many options that you encounter when searching for ways to clear debts, a debt consolidation loan is considered as the best suited. And if you have a property to take loan against, better opt for secured debt consolidation loans in order to avail host of advantages.Secured debt consolidation loans imply that you are willing to offer your valuable property like home for taking a loan that pays off your debts. All of your debts thus are consolidated under the secured debt consolidation loan provider. Collateral ensures a lower interest rate on secured debt consolidation loans. The motive behind any debt consolidation loan is usually that you intend to replace higher interest rate debts with a lower interest rate new loan. This aim is well met with secured debt consolidation loans.What is more advantageous is that on securing the loan amount, the lender offers you larger repayment duration for clearing installments of secured debt consolidation loans. So as a combined effect of lower interest rate and larger repayment duration of say 25 years, you can easily pay off installments of secured debt consolidation loans as monthly payments towards the installments gets reduced considerably.Under secured debt consolidation loans, lenders usually approve a loan ranging from £5000 to £75000 which a lot depends also on equity in collateral, good credit history and current repayment capability of the borrower. But do not hesitate if you are labeled bad credit. Just show a convincing repayment plan including documents of income and bank statements and you as bad credit borrower can easily avail secured debt consolidation loan as already you have secured the loan for the lender.Before applying to a lender, make sure that you have calculated the debts and interest rate to be paid so that you exactly know the loan amount and adequate lower interest rate required for availing secured debt consolidation loans in a beneficial way. Also ensure comparing various secured debt consolidation loan providers for better terms-conditions.