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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.

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13y ago

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Related Questions

Is a car loan an example of a secured loan?

Yes.


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.


Can you provide an example of secured debt?

Secured debt is a type of loan that is backed by collateral, such as a house or a car. If the borrower fails to repay the loan, the lender can take possession of the collateral to recover the debt. An example of secured debt is a mortgage, where the house serves as collateral for the loan.


What is a secured loan?

what is a secured loan


Which of the following is an example of secured debt?

credit card


What is a partial secured loan?

Where only part of the loan is secured.


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 is the difference between secured and unsecured loan?

A secured loan would be a car loan for example. The car is used as collateral for the loan. A signature loan would be an unsecured loan. The only thing the lender would do is look at your credit worthiness and make you a loan based on you simply saying you'll pay them back.


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.


Can you provide assistance with secured loan debt?

Yes, I can help with secured loan debt.


Is a car loan secured or unsecured?

A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.