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

Auto Loan Statistics 2026: Average Car Payment, Rates, Debt and Delinquency in Every State Thumbnail

Auto Loan Statistics 2026: Average Car Payment, Rates, Debt and Delinquency in Every State

Andrew Latham

Encyclopedia Articles

Discover the definition of financial terms related to secured loans.

No Cash-Out Refinance: Exploring Its Benefits and Scenarios Thumbnail

No Cash-Out Refinance: Exploring Its Benefits and Scenarios

SuperMoney Team

Mortgage Equity Withdrawal: Definition, Examples, Risks and Rewards Thumbnail

Mortgage Equity Withdrawal: Definition, Examples, Risks and Rewards

SuperMoney Team

Collateralization: Definition, Impact, and Examples Thumbnail

Collateralization: Definition, Impact, and Examples

SuperMoney Team

CD Loan: What Is It and How Does It Work? Thumbnail

CD Loan: What Is It and How Does It Work?

Camilla Smoot

Loan Commitment: Types, Examples, and Tips Thumbnail

Loan Commitment: Types, Examples, and Tips

Silas Bamigbola

Mortgage Accelerators: How They Work and Real-Life Examples Thumbnail

Mortgage Accelerators: How They Work and Real-Life Examples

SuperMoney Team

125% Loans: Definition, Risks, and Alternatives Thumbnail

125% Loans: Definition, Risks, and Alternatives

SuperMoney Team

Single-Purpose Reverse Mortgages: Overview, Benefits, and Considerations Thumbnail

Single-Purpose Reverse Mortgages: Overview, Benefits, and Considerations

Alessandra Nicole

Reverse Mortgage Payment Plans: Understanding Mechanics, Pros & Cons Thumbnail

Reverse Mortgage Payment Plans: Understanding Mechanics, Pros & Cons

Alessandra Nicole

Right Of Rescission: Definition, Origin, And Application Thumbnail

Right Of Rescission: Definition, Origin, And Application

Dan Agbo

Page 5 of 8

Previous34567Next

Learn About Secured Loans

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.