bank does not give loan unless they ascetain full repayment
of their loan,then why need of collateral securities
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Answer / Deeksha Sonker
Collateral securities are assets that a borrower pledges to the lender as security for a loan. Banks require collateral because it reduces their risk of default by the borrower. Even if the borrower is unable to repay the loan, the bank can seize the collateral and sell it to recoup some or all of the lost funds. Collateral also provides the bank with additional assurance that the borrower has the means to repay the loan.
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