Phrases with «collateral loans»

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. Full definition

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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)
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