Secured and unsecured loans are two faces of the same coin. You take out a secured or an unsecured loan when there is an unfulfilled need and you do not have money to fulfill the need. The lender offers you a loan that you can use to fulfill your need. You are required to repay the loan subsequently as per the loan terms. Lenders offer easy repayment terms so that you can repay your loan conveniently. Lenders offer a number of loan options that are suitable to the affordability and financial position of each and every borrower.

Secured loans are given against the borrower