Rama chary Rachakonda (Master in Accounts & Lawyer email ID:firstname.lastname@example.org voice no:9989324294) 02 August 2021
If banks gives under secured loan. A secured loan is a loan where the lender gives you a loan in exchange for collateral or security. It could be a physical asset like gold, a house or vehicle or a financial asset like equity shares, fixed deposits, mutual funds, life insurance policies, etc. The lender keeps the security either physically or in terms of a lien on the title until the loan is repaid. If you cannot repay the loan, the lender might sell your collateral to recover their money.