Skip to content

SuperMoney: Budgeting AI

Financial calm, Finally.

Get
Home

Secured Loans

A secured loan is a type of loan that is backed by collateral, which is a property or asset that the borrower pledges as security for the loan. If the borrower defaults on the loan, the lender has the right to seize the collateral to recover the unpaid balance. Continue Reading Below

Content Types

  • Industry Studies
  • Encyclopedia
  • Articles
  • About Topic

Related Topics

Industry Studies

2026 Auto Loan Industry Study Thumbnail

2026 Auto Loan Industry Study

Andrew Latham

Encyclopedia Articles

Discover the definition of financial terms related to secured loans.

What is a Home Equity Investment Agreement (HEA/HEI)? Thumbnail

What is a Home Equity Investment Agreement (HEA/HEI)?

Andrew Latham

What Is Collateral? How It Works in Loans and Why It Matters Thumbnail

What Is Collateral? How It Works in Loans and Why It Matters

Andrew Latham

Down Payment: What It Is, How Much You Need, and How to Save for One Thumbnail

Down Payment: What It Is, How Much You Need, and How to Save for One

Andrew Latham

What Is Home Equity? How It Builds and How to Access It Thumbnail

What Is Home Equity? How It Builds and How to Access It

Andrew Latham

GAP Insurance: What It Covers & When You Need It Thumbnail

GAP Insurance: What It Covers & When You Need It

Andrew Latham

What Is an Auto Loan? Definition, Rates, and How Car Loans Work Thumbnail

What Is an Auto Loan? Definition, Rates, and How Car Loans Work

Andrew Latham

What Is a Subordinate Mortgage? Thumbnail

What Is a Subordinate Mortgage?

David Hodges

What is a Good APR For a Car Loan? Thumbnail

What is a Good APR For a Car Loan?

Erin Gobler

What Is a Piggyback Loan (80/10/10 Mortgage) and How Does It Work? Thumbnail

What Is a Piggyback Loan (80/10/10 Mortgage) and How Does It Work?

Andrew Latham

The Complete Guide to HELOCs: Everything You Need to Know About Home Equity Lines of Credit Thumbnail

The Complete Guide to HELOCs: Everything You Need to Know About Home Equity Lines of Credit

Jessica Walrack

Page 1 of 8

12345Next

Learn About Secured Loans

Thumbnail for Blog Article: Average Auto Loan Rates by Credit Score: What Borrowers Really Pay

Average Auto Loan Rates by Credit Score: What Borrowers Really Pay

Andrew Latham

Thumbnail for Blog Article: What Happens When an HEI/HEA Term Ends?

What Happens When an HEI/HEA Term Ends?

Andrew Latham

Thumbnail for Blog Article: How Do HEI/HEA Agreements Work?

How Do HEI/HEA Agreements Work?

Andrew Latham

Thumbnail for Blog Article: Home Equity Investment vs HELOC: Which Is Better for Accessing Your Equity?

Home Equity Investment vs HELOC: Which Is Better for Accessing Your Equity?

Andrew Latham

Thumbnail for Blog Article: Pros and Cons of a Home Equity Investment

Pros and Cons of a Home Equity Investment

Andrew Latham

Thumbnail for Blog Article: Free Financial Calculators: Mortgage, Retirement & Home Equity

Free Financial Calculators: Mortgage, Retirement & Home Equity

Andrew Latham

Page 1 of 57

12345Next

About Secured Loans

A secured loan is a type of loan that is backed by collateral, which is a property or asset that the borrower pledges as security for the loan. If the borrower defaults on the loan, the lender has the right to seize the collateral to recover the unpaid balance.
Secured loans are often used by borrowers who are unable to obtain an unsecured loan, such as a personal loan, due to a poor credit history or lack of income. By pledging collateral, the borrower can provide the lender with assurance that they will be able to repay the loan, even if they are unable to make the payments themselves.
The most common type of collateral for a secured loan is a car or other vehicle, which can be repossessed by the lender if the borrower defaults on the loan. Other types of collateral that can be used for secured loans include real estate, jewelry, or other valuable personal belongings.