101 Secured Loans

What is secured loans and unsecured loans?

sukitan — Thu, 05 Jun 2008 05:29:53 +0000

Untill few days ago,i only know,loans are officially separate to 2 type. secured loans and unsecured loans.

What is Secured Loans?

A loan which is backed by assets belonging to the borrower in order to decrease the risk assumed by the lender. The assets may be forfeited to the lender if the borrower fails to make the necessary payments.The item purchased, such as a home or a car, can be used as collateral, and a lien can be placed on such purchases. The finance company or bank will hold the deed or title until the loan has been paid in full, including interest and all applicable fees. Other items such as stocks, bonds, or personal property can be put up to secure a loan as well.

Type of secured loans -Home Loans / Housing Loans / Car Loans / Property loans

What is Unsecured loans

Unsecured loans are monetary loans that are not secured against the borrowers assets. These may be available from financial institutions under many different guises or marketing packages:

credit card debt
personal loans
bank overdrafts
credit facilities or lines of credit
corporate bonds

The interest rates applicable to these different forms may vary depending on the lender and the borrower. These may or may not be regulated by law.

Different Loan @ Different Age

sukitan — Thu, 05 Jun 2008 04:46:57 +0000

There is a lot of different type of loans. As i know,there is student loans,personal loans,car loans,home loans/housing loans,property loans and others loans.

Most of us are normal people,not very rich,so when we wanted to buy and car or a house,we have to apply for loan.At the different age level we need different loans.

Age 18-28 Student loans

Age 20 onwards - Car loans,personal loan

Age 25 onwards - Home Loans/house loans,Property loan

this is what is know recently,if u think of another loans,please share with us ya.

Relaks~!Learn Secured Loans in a Banana Smoothie way

sukitan — Thu, 05 Jun 2008 03:53:41 +0000

This is a 101 Secured Loans blog for a beginner as new as me. I start learning everything regarding secured loans from A to Z.

Altough we are learning a quite serious topic – secures loans,but in a very soft way.Because this is a interactive blog,not a serious website.I will post everything regarding secured loans that i had learn,we just to exchange our opinion here.

The reason that i choose the THEME : Banana Smoothie , is to hope every visitor sit down,relaks,have cup of tea,especially a glass of banana smoothie. The content of this 101 secured loans blog is in a very simple english,easy to read and also easy to digest like a banana smoothie.

Please come often to share with me your experience also ya^^

Hello world! Welcome to my Secured Loan blog – 101 Secured Loans

sukitan — Thu, 05 Jun 2008 00:00:00 +0000

Hello world! Im Suki Tan from Malaysia.My favourite hobby is learn something new.

Since my fiancee bought a house 1 years ago in the city of Malaysia – Kuala Lumpur,i start to learn everything regarding the secured loans.

I’ll be sharing with you my learning experience here,and please share with me your experience or advice on everythings about the secured loans.