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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

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Industry Studies

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2026 Auto Loan Industry Study

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Encyclopedia Articles

Discover the definition of financial terms related to secured loans.

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

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

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GAP Insurance: What It Covers & When You Need It

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What is a Good APR For a Car Loan?

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

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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

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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

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

What Happens When an HEI/HEA Term Ends?

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

How Do HEI/HEA Agreements Work?

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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?

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

Pros and Cons of a Home Equity Investment

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

Free Financial Calculators: Mortgage, Retirement & Home Equity

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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.