Secured Loan

Secured loans are loans that are shielded by an asset or collateral of some sort. The item bought, such as a dwelling or a motorcar, can be used as collateral, and a lien can be put on such buys. The finance party or banking company will own the act or title until the loan has paid in whole, including stake and all relevant fees. Other items such as stocks, bonds, or private property can be placed to secure a loan also.