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Related Questions

Will I need collateral for a cash loan?

Yes most of the time you will need some type of collateral for a loan. Typically the most common collateral used for these types of loans are car titles.


What are the requirements for obtaining a collateral loan?

To obtain a collateral loan, you typically need to provide an asset such as a car, home, or valuable item as security for the loan. Lenders will assess the value of the collateral and your creditworthiness to determine the loan amount and terms.


Can you get an additional loan on property already collateralized?

If it is with the same bank/financier then - Yes (Depending on how much loan you already have and how much collateral you have provided) Ex: Lets say you have a bank CD of $100,000/- as a collateral for a loan of $50,000 then the bank may give you extra loan against that CD. But if you already have a loan of $150,000 then the bank may not give you any further loans on the same collateral If with a different bank/financier then - No. If you provide something as collateral you need to submit the original docs to the bank. So any other bank may not grant you loans on that collateral.


Where can I gert a loan using my car as collateral?

I dont have great credit & need a loan bad I have a 2004 Chevy Venture Van paid for that i can use for collateral where can I go to get a loan?


What do you need for a loan?

To obtain a loan, you typically need to provide proof of income, credit history, identification, and sometimes collateral.


What is an example of an unsecured loan?

An example of an unsecured loan is a personal loan, where the borrower does not need to provide collateral such as a house or car to secure the loan.


Can you help me by giving me a collateral loan on my SUV Ford Escape. I need a collateral loan of about $6, 500 or so. I can pay it back within a 12 month period?

No I have no money to loan but you might get a personal loan at a bank. They are fairly easy to get.


Can you provide an example of an unsecured loan?

An example of an unsecured loan is a personal loan, where the borrower does not need to provide collateral such as a house or car to secure the loan.


What makes a secure loan secure?

A secured loan is made secure by collateral. This means that you need to offer something of value such as a house or car to qualify for the money loaned to you. If you fail to repay the loan as agreed, the collateral will be taken by the loan provider as payment instead.


Does one need collateral security or guarantor while applying for auto loan?

Most companies do not require collateral or a gurantor when appying for a loan. However, depending on someones credit worthiness this may not be true.


Quick Loan?

form_title=Find a Quick Loan form_header=If you temporarily need funds that you are prepared to pay pack quickly, find a quick loan source near you. How much would you need the loan for?=_ Do you have any collateral for a loan?= () Yes () No Are you currently making payments on any other loans?= () Yes () No Are you employed?= () Yes () No


Get a loan with only a prepaid debit?

You would probably need some collateral or a co-signor.