secured loans

**secured loans**
Secured loans are types of loans that require the borrower to provide collateral-such as property, vehicles, or other valuable assets-to guarantee repayment. These loans often come with lower interest rates and higher borrowing limits compared to unsecured loans because the lender has a form of protection in case of default. Secured loans are commonly used for mortgages, car loans, and home equity lines of credit. Understanding the terms and risks associated with secured loans can help borrowers make informed financial decisions.