Collateral loans are loans where you use something valuable, like a house or car, as a guarantee to get the loan. If you can't pay back the loan, the lender can take the valuable item instead.
Sentences with «collateral loans»
Life insurance collateral loans typically have lower interest rates than you would get with a personal loan or credit card. (valuepenguin.com)
What's an automobile equity loan, a pink slip loan, and an auto collateral loan? (800loanmart.com)
In addition, life insurance collateral loans typically have quite low interest rates. (valuepenguin.com)