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One great source of a secured loan in Montreal is the Bank of Montreal. They have different types of loand avaialble to fit nearly any situation, whether it be an auto loan, boat loan, or home loan.

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14y ago

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What is a secured loan?

what is a secured loan


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.


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 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.


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.


If someone was interested in a secured bank loan where could they learn the process of how to apply?

There are many ways to find out about a secured bank loan, however every bank is different, for instance each bank will not have the interest rate. The best place to learn about a secured bank loan would be the bank that you are interested in getting the loan at.


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.


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.


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.