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- A secured loan is a variety of loan that is guaranteed in full by security which you have, such as for example your property or vehicle.
- There are many different sorts of secured personal loans, from mortgages and automotive loans to credit that is secured and guaranteed unsecured loans.
- Loan providers may provide better rates of interest and terms on the loans that are secured nevertheless they’ll also provide the ability to seize your security in the event that you miss a repayment or default. Continue reading