why is it that a secure loan is at a higher percentage rate than a personal loan?

Answer 1

It should not be the case... the opposite is true. When you have colladeral there is less risk for a bank to provide a note, whereas if you don't have a colladeral it's just your word. You should find another bank... secure loans should be a few points cheaper then personal ones.

Answer 2

Here is an article http://wiz.sc/loans198 with some information on loan options and the best plans.