{"id":47970,"date":"2023-11-09T17:22:11","date_gmt":"2023-11-10T01:22:11","guid":{"rendered":"https:\/\/financer.com\/?p=47970"},"modified":"2024-01-17T16:21:30","modified_gmt":"2024-01-18T00:21:30","slug":"what-is-a-secured-loan","status":"publish","type":"wiki","link":"https:\/\/financer.com\/loans\/articles\/what-is-a-secured-loan\/","title":{"rendered":"What is a Secured Loan and How Do They Work?"},"content":{"rendered":"\n

What is a Secured Loan?<\/h2>\n\n\n\n

There are many types of loans available to consumers. One common option is a secured loan.<\/p>\n\n\n\n

A secured loan is a loan that is backed or “secured” by an asset that the borrower owns. This asset acts as collateral for the loan. <\/strong><\/p>\n\n\n\n

In contrast, unsecured loans<\/a> do not require collateral and instead rely only on the borrower’s creditworthiness.<\/p>\n\n\n

<\/div>

Secured Loan Summary:<\/h3>