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How do you obtain a secured loan?

Updated: 9/20/2023
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12y ago

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The person who is loaning the loan has to give collateral in exchange for it with lowest interest rates. Also to get one you have to present proof of your monthly income, and a valuable you can use as collateral.

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12y ago
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Q: How do you obtain a secured loan?
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Related questions

From where could one obtain an online secured loan?

One can obtain an online secured loan from various websites like Moneysupermarket and WellsFargo. One could also visit a local bank and ask for an online secured loan in there.


Where can one obtain a secured loan online?

One can obtain a secured loan online at I Need Cash Now and Lending Club. These types of loans are also available at Quicken Loans, Better Loan Choice, GTE Financial and One Main Financial.


What is a secured loan?

what is a secured loan


What is a secured home loan, and where can I acquire one?

A secured loan requires the posting of collateral, be it monetary or property, prior to obtaining the loan. Almost every bank and credit union offers secured loans. You will need to talk to a loan officer at one of those institutions to find out exactly what you'll need in order to obtain a loan as every place has different regulations.


What is a partial secured loan?

Where only part of the loan is secured.


Where in Toronto Ontario can one obtain a small loan?

You can obtain a small loan in Toronto, Ontario from a number of sources. You can first try your local bank. If they are not helpful, you can ask a credit union. If you are a homeowner, you can ask to have a secured loan against your property too.


Is a mortgage considered a bond type security?

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.


What makes a loan a secured loan?

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.


What does it mean when a debt or a loan is personally secured?

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.


What is the example of secured loan?

A mortgage is a secured loan. Any loan that has a charge on assets is a secured loan - effectively, if you don't repay it gives the lender the right to take the goods against which the loan was granted.


Where can one with poor credit get a secured loan?

You can get a secured loan with poor credit online from the Secured Personal Loan Gofo website. However, to get a secured personal loan from companies like this, you may need property or other collateral.


Rewards of Secured Auto Loans?

If a person owns their own home or some other types of large assets they will usually qualify for secured auto loans. Secured auto loans are generally the best type of auto loan to obtain because they are accompanied with extremely reasonable and low interest rates. Secured auto loans come with a number of advantages. People who obtain a secured auto loan usually enjoy a flexible repayment term, which enables them to save more money because they are in control of how the loan is repaid. They also enjoy lower income requirements when applying for the loan because since the loan is backed with collateral the lender is not typically too worried about the person's income. Most times the government will allow the interest associated with a secured auto loan to be tax deductible. The most advantageous aspect about a secured auto loan is they are less of a hassle to qualify for than unsecured auto loans; this of course is only as long as the applicant has a large asset to use as collateral.