explain the Secured Loans
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explain the Secured Loans
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A secured loan is a loan backed by collateral—financial assets you own, like a home or a car—that can be used as payment to the lender if you don't pay back the loan. The idea behind a secured loan is a basic one. Lenders accept collateral against a secured loan to incentivize borrowers to repay the loan on time....
In Banking and Finance,secured loans refer to those financial loans which are supported by any collateral to ensure security or protection against potential loan default.
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