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What is the difference between Secured Loan & Unsecured Loan?

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What is the difference between Secured Loan & Unsecured Loan?..

Answer / saiyad aejaj

Secured loan means to take a loan aginst any security or
from nationalised bank or institute and unsecured loan
means to take loan without any security or from any
finanance company

Is This Answer Correct ?    17 Yes 1 No

What is the difference between Secured Loan & Unsecured Loan?..

Answer / naveen agarwal

SECURED LOAN MEAN THE COMPANY HAS TAKEN THE LOAN FROM BANK
&FINANCIAL INSISTITUTION WHEREAS UNSECURED LOAN MEANS WHERE
THE COMPANY HAS RAISED THE FUND FROM INDIVIDUAL IN TERM OF
F.D.

Is This Answer Correct ?    8 Yes 2 No

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