Secured and unsecured loan
This query is : Resolved
28 January 2015
what is meaning of Secured and unsecured loan with examples?
28 January 2015
Secured loan will be which is secured against property e.g loan taken by Co. against mortgaging any Flat of the Co.
Unsecured loan will be on which there is no charge has been created.
Unsecured loan will be on which there is no charge has been created.
Rupesh Jain
(Expert)
29 January 2015
secured loan:which is secured against property or FDR .
unsecured loan: it is not secured against any property or some thing.
unsecured loan: it is not secured against any property or some thing.
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