An secured loan is ...
Firstly, you are often able to borrow more funds as a secured loan than you would with an unsecured loan. At time this can be over a longer period.
This type of loan is secured by the lender against an asset that you own. Should you fail to pay back the loan, the lender can to take possession of that asset in order to get its money back. Usually the asset is a property.
|
Call us on 020 8339 7900 for professional advise |
| |
|