Please see information on Secured Loans below.


Secured Loans

What is a Secured Loan?

A secured loan is different to an unsecured loan because it is a loan that is secured against an asset. Some lenders prefer secured loans because in the event that the borrower defaults on his or her loan, the lender is protected by the asset i.e. house.

What is an example of a secured loan?

A mortgage is an example of a secured loan the asset the loan is borrowed against is the house.

Benefits of a secured loan?

If you have an asset to secure against your loan, because you are thought to be less of a risk, you will benefit from lower interest rates and more favourable conditions.

What can you use to secure your loan against?

If you have a vehicle or property and you need cash, you can ask your lender to secure your loan against either of these assets.

What are the risks?

Although you will receive lower interest rates if you are able to secure your loan against an asset, if you do not make your repayments on time you could risk losing your home or car. Always think carefully before you take out a loan of this nature and be sure to seek independent financial advice if you are in any doubt.


Please Note: is not authorised to give advice under provincial and federal regulations.

All of the Links, textural data, and image data is provided for informational purposes only.

Click here to view our Disclaimer

News Charts News and Charts

Avoid the middle man when wanting to lend some extra funds.
04 April 2017
Which Way To Pay
Peer to peer lending is one of the best ways to lend money as your are basically cutting out the middle man.
More and More Canadians on a daily basis are purchasing the incorrect Travel Insurance policy's they need for the trip they have planned.
30 August 2016
Which Way To Pay
Studies have n recently more and more Canadians are purchasing the incorrect Travel Insurance covers which is then causing problems when the claims are to be made.
Many people don't understand how life insurance works , therefore they don't have any cover in place. This is a massive part of most peoples lives as it can have a large financial affect .
30 August 2016
Which Way To Pay
When you come to that difficult time of loosing a loved one , Many people don't realise the importance of Life Insurance policy's .

Register for newsletter