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what is the difference between secured loan and unsecured
loan. please explain
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Answer / satyaki_raju@yahoo.com
Secured loan against security of property
Unsecured loan is a loan against faith of the loanee
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / sreeja madhana kumar
Secured lending is loan against property. for eg home loan,
vehicle loan. unsecured lending is loan without any
property. for eg credit card, personal loans.
In Secured lending, even if the debtor didnt pay back the
money, lend money can be recovered from property.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / roshni
Secured loan is loan against of property
and unsecured loan is loan taken from friends and reletives.
| Is This Answer Correct ? | 1 Yes | 1 No |
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