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what is a secured loan

Q: What is a secured loan?

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what is a secured loan

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Where only part of the loan is secured.

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No. A mortgage is a loan secured by real estate.

No. A mortgage is a loan secured by real estate.

No. A mortgage is a loan secured by real estate.

No. A mortgage is a loan secured by real estate.

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A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.

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When a debt or loan is personally secured, it means that the person who took out the loan has used something as security in case they default on the loan. A mortgage is an example of a secured loan.

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