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Secured Loans

A secured loan is any type of loan which is issued based on security, aka ‘collateral’. Lenders issue secured loans based on the value of the borrower’s financial assets.

The most common type of security which is used in secured borrowing is the applicant’s home, though other assets of value may be considered by specialist lenders.

Site ID: 880979 | Date Added: 16-11-2020 | Category: Finance/Financial