What is a Collateral Loan?
December 3, 2024 | News | No Comments
A collateral loan, also known as a secured loan, requires the borrower to pledge an asset as collateral. If the borrower fails to repay the loan, the lender has the right to take ownership of the collateral to recoup its losses. Collateral loans are commonly used by borrowers who may not qualify for unsecured loans […]