Is car loan is secured Loan ?
This query is : Resolved
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Dhirajlal Rambhia
(Expert)
21 March 2025
A car loan is typically classified as a secured loan. In this context, "secured" means that the loan is backed by collateral, which in the case of a car loan is the vehicle itself.
Dhirajlal Rambhia
(Expert)
04 October 2025
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