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Where can one get a secured loan?

Updated: 4/28/2022
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10y ago

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Most banks will offer secured loans as part of a savings or CD plan. Car/title loans and payday loans are effectively secured loans with the vehicle and the check draft serving as the security.

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Q: Where can one get a secured loan?
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Related questions

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.


What is a secured loan?

what is a secured loan


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 order home secured loans?

Quicken Loan's website is one place where someone can order a home secured loan online. Bank of America is another place where someone can go to order a home secured loan.


What is a partial secured loan?

Where only part of the loan is secured.


What is different about a secured loan application?

A secured loan application is different because the person who takes out the secured loan pledges an asset. An asset must be something of value such as a home or car. They then use that as the collateral, so that way if one does not pay the secured loan the creditor takes possession of the asset.


Where can one find secured loans for homeowners?

One can find a secured loan if they are a homeowner by going to their local bank. The bank can give them options for their secured loan, and being a homeowner gives the bank a good source for collateral, so the loan can be for a higher amount.


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.


How does one go about finding a secured loan?

Before searching for a secured loan, you need to determine what your collateral will be. The first places to check for secured loans are local banks and credit unions.


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.