Secured Loan – What is Secured Loan? - Meaning & Definition | Bajaj Fi…Secured loan financial definition of Secured loanSecured Loans | Type, Example, Advantage, Disadvantage Vs. UnsecuredSecured Loan – What is Secured Loan? - Meaning & Definition | Bajaj Fi…What is a secured loan? A secured loan is a type of loan in which a borrower pledges an asset such a car, property, equity, etc. against that loan. The loan amount made available to the borrower is usually based on the value of the secured loan is a loan in which the borrower pledges some asset ( a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount originally loaned to the borrower. An example is the foreclosure of a home. From the creditor's perspective, that is a category of debtin which …30/04/2018 · A secured loan is a loan backed by collateral—financial assets you own, like a home or a car—that can be used as payment to the lender if you don't back the loan. Read more. Sign InMeaning of secured loan in English.

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