Secured loan and unsecured loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2013
Dear sir,pls tell me with clarification with easyenglish that what is secured loan and unsecured loan?
Pankaj Gupta
(Expert)
12 May 2013
secured loan is that against which any security has been issued. eg mortgage loan.
The risk of non recovery is very very low in such types of loan.
while unsecured loans are those which are given against no security. Thats why such loans are unseured.
The risk of non recovery is very very low in such types of loan.
while unsecured loans are those which are given against no security. Thats why such loans are unseured.
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