Secured loan

Secured loan

A secured loan is a type of loan that is backed by collateral, such as property, a vehicle, or other valuable assets. If the borrower fails to repay the loan, the lender has the right to seize the collateral to recover the amount.

Key Features of Secured Loans:

Lower Interest Rates – Since the loan is backed by collateral, interest rates are generally lower than unsecured loans.
Higher Loan Amounts – Lenders may offer larger loan amounts due to reduced risk.
Easier Approval – Suitable for individuals with lower credit scores since collateral reduces lender risk.
Risk of Asset Loss – If the borrower defaults, the lender can take possession of the pledged asset.

Examples of Secured Loans:

  • Home Loans (Mortgage Loans) – Secured against the property being purchased.
  • Car Loans – The vehicle serves as collateral.
  • Gold Loans – Borrow money by pledging gold as security.
  • Loan Against Property (LAP) – A property is mortgaged to avail funds.

Would you like assistance in finding the best secured loan options or lenders?

Home Loan

A home loan helps you purchase, build, or renovate your dream home with easy EMIs and competitive interest rates. It offers long-term financial support with flexible repayment options for hassle-free homeownership.

Used Car Loan

A used car loan provides financial assistance to purchase a pre-owned vehicle with affordable EMIs and flexible repayment terms. It offers quick approval, low interest rates, and minimal documentation for a hassle-free experience.

Mortgages Loan

A mortgage loan is a secured loan where property is used as collateral to borrow funds for home purchase, construction, or other financial needs. It offers long-term repayment options with competitive interest rates.

BT-Top-Up

A BT-Top-Up Loan (Balance Transfer with Top-Up) allows borrowers to transfer their existing loan to a new lender at a lower interest rate while getting an additional loan amount.