Secured loan and unsecured loan
This query is : Resolved
23 August 2015
what is difference between secured loan and unsecured loan
23 August 2015
The loan which is secured against a property is called secured loan. e.g. housing loan, machinery loan, vehicle loan, gold loan, loan against FDR etc.
The loan which is NOT secured as above is called as UNSECURED loan. e.g. hand loan, loan from a friend on personal etc.
The loan which is NOT secured as above is called as UNSECURED loan. e.g. hand loan, loan from a friend on personal etc.
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