SECURED LOANS: AN ASSURANCE TO A CAREFREE TOMORROW!!!
Secured Loans facilitate borrowers to avail of capital against
the value of the asset placed as security with the creditor. The
creditor now has the ownership rights to the asset, which acts
as guarantee against the loan. Although the asset is normally in
the form of a home, security can also be offered by placing any
concrete property, a vehicle or a valuable asset as collateral.
This is why; secured loans are often referred to as "Homeowner
Loans", "Home Loans", "Secured Personal Loans" or "Second Charge
Loans". For secured loans, the loan amount ranges from