Secured Loan
A secured loan is a loan that is secured against your property or other valuables such as stocks or shares. Generally a secured loan will be more specifically named, for example some companies provide car loans, which are secured on the car itself. Other companies provide homeowner loans, which are secured on your property (or the equity in your property).
The point of a loan secured on something else is that if you default on loan repayments then the lender has the ability to get the money back off you by selling whatever it is you secured the loan on. It is therefore often much easier to get a secured loan than an unsecured loan.
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