Although a secured loan is available to most people, the minimum required age when applying for a secured loan is at least 18 years and over.

Generally, not all lenders will provide a secured loan to someone under the age of 21. In all situations, lenders will take an individual’s financial circumstances into account before any application is deemed successful. Due to the loan being secured against an asset, in essence, if someone between the age of 18-21 has a home, they may be able to get a secured loan regardless of their age. However, this is dependent solely on the lender and their guidelines.