Get Quick Support: 011-41012030
Whatsapp: +919911403232


Business Loan Self Employed
Salaried Personal Loan
Home Loan
Loan Against Property
New Car Loan
Used Car Loan
Instant Car Valuation
Auto Loan
Working Capital Limit
Unsecured OD Limit
Machinery Loan

Quick Links

About Us
News & Blog
Contact Us
MIS Report
Refer & Earn
Featured Partners
Terms and Conditions

What is Secured and Unsecured Loans?

Posted Date : 09 Oct 2018

Posted By : Capital Need

Write a Comments



What is Secured and Unsecured Loans?

An unsecured loan is not protected by any collateral. The most common types of unsecured loans are credit cards, student loans, and personal loans. Eligibility for the unsecured loans, borrowers qualify based on their credit history and income. 


Example of Unsecured loan
Credit cards are a good example of Unsecured Loans, personal loans and business loans are also usually unsecured



Secured Loan :
Secured loans are the loans for which you need some assets to collateral. A mortgage or any car loans are the most common types of secured loan. 


Example of secured loan 
Suppose that you want to take a house and contact your Bank for the Home Loans. The bank says that they will surely give you the home 

loan but you need to keep your home as a collateral to the bank until the complete loan amount and the interest charges gets paid off. Moreover, The Bank may also offer you a reduced interest rate that is much lower than an unsecured loan. This makes the good understanding and coordination with your banks.




Posted on :- 06 Jun, 2022, 05:54 AM

stromectol 12mg ivermectin 6 mg tablets


Posted on :- 05 Jun, 2022, 06:44 AM ivermectin 18mg


Posted on :- 05 Jun, 2022, 05:56 AM

ivermectin topical stromectol for sale


Posted on :- 03 Jun, 2022, 13:40 PM

generic cialis mastercard generic tadalafil 20mg india


Posted on :- 09 Oct, 2018, 17:53 PM

Fine information supplied. Kindly inform for business loans as well

Post Your Comments