Newspoint on MSN

Secured vs unsecured loans: Lower interest or no collateral? Know the complete difference before borrowing

Taking a loan for a house, vehicle, education, business, or personal needs has become a normal part of modern financial life.
Hosted on MSN

What Is a Secured Loan? How It Works and When To Use One

A secured loan is a loan that is backed by collateral — something tangible the lender can take if the loan is not paid. The most common example of a secured loan is a mortgage, which is secured by the ...