Sentences with phrase «security against the loan»

As the term suggests, a secured personal loan is made in lieu of some collateral that is used as security against the loan amount.

Mortgage: The putting up of land or a building, or both, as security against a loan of money.

Not all states allow vehicle title loans or even a type of a loan you can get if you used your car as security against the loan.

For a Secured Business loan, the borrower needs to pledge something as collateral or security against the loan amount taken.

A $ 2,000 unsecured personal loan offers no security against the loan.

In the case of an unsecured loan creditors don't hold any security against the loan.

If you apply for a home equity loan, your property's equity serves as security against the loan, allowing you to bargain for a lower interest rate and save thousands of dollars in interest.

If you have a bad credit rating / history, then lenders will generally only offer you a secure loan, this means that your property will be put up as security against the loan and will be repossessed should you be unable to pay it back.

When a house is mortgaged, it is used as security against the loan.

The lender would hold this title as security against the loan, with a promise to transfer title back to the owner once the latter had repaid the mortgage loan in full.

While there are a number of reasons for a policy holder to take this particular action, the most assignment of life insurance policy as collateral is for security against a loan or liability.