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What is mean by secured loans?

Answers were Sorted based on User's Feedback



What is mean by secured loans?..

Answer / sujatha

Loan can be taken against any security ie against land,
building, machinery, or against debtors or stock

Is This Answer Correct ?    5 Yes 1 No

What is mean by secured loans?..

Answer / vasudev karanth

when u r purchasing a loan at tht time u need to provide
security for the borrowed amt which will be secured.

Is This Answer Correct ?    2 Yes 1 No

What is mean by secured loans?..

Answer / bharat chandra das

loan providing by receiveing certain security like
certificate of document,any fixed assets, stock, share.

Is This Answer Correct ?    2 Yes 2 No

What is mean by secured loans?..

Answer / mehraj wani

Secured Loans are the loans for which the creadit risk
mitigation is done in adavance. E.g., if a loan worth Rs.
100 is secured against some asset like land building, etc.
the risk of default is low because the loan is covered
againest some asset.

Is This Answer Correct ?    1 Yes 2 No

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