Before tying yourself into a secured loan you should have no doubts that you cannot do without this loan.
If you are 100% sure, your next step would be to find a lender (a traditional bank preferably). Try to take advantage of numerous ways of search such as yellow pages, ads, newspapers, magazines, online search engines. After that you should talk to bank agents and get to know the details of loan deals they have on offer. When you finally select a loan provider, you need to sign a loan agreement also known as statutory lien.
Note that such agreements are secured by different types of loans. If the loan provider has a security interest in the assets the borrower is going to acquire (for example, a vehicle, house appliances, etc.), this is called a Purchase Money Security Interest (PMSI) loan. If the loan provider has a security interest in the assets that already belong to the borrower, this is called a Non-Purchase Money Security Interest (NPMSI) loan.
Ideally, you’d better visit a loan professional and ask him to check all the terms of your loan agreement. The interest rate must be the first thing to be checked. If you do all of the abovementioned actions, you can safely apply for a secured loan.