Loans

Secured Loan

A loan backed by collateral that the lender can seize if you default. Mortgages, auto loans, and HELOCs are secured loans. Secured loans typically have lower rates than unsecured loans.

Related Terms

Collateral
Unsecured Loan
Default

Related Calculators

Auto Loan Calculator
Mortgage Calculator

Understanding Secured Loan

Secured Loan is a key concept in loans. Understanding this term helps you make more informed financial decisions. Use our related calculators above to see how secured loan affects your specific situation.