The Prime Minister Gordon Brown unveiled his plans earlier this week to allow homeowners who become unemployed to defer mortgage interest payments for up to two years.
But the Treasury says it is still working through the finer detail of the scheme and could not confirm whether secured loan lenders would fall into its masterplan.
The Finance and Leasing Association is also waiting with baited breadth to see how the plans will affect its members.
It recently issued guidance to secured loan lenders outlining what secured loan customers encountering repayment difficulties can expect from their lender.
Simon Stern, director of secured loan lender Prestige Finance, says that what applies to mortgage lenders will not necessarily be the same for secured loan lenders.
He says: “The beauty of a company like ours is that we tend to know and work with our borrowers a lot more closely.
“We are smaller than a lot of the mortgage lenders and would need to see the small print in the governments plans if it does decide to include secured lenders.”