Collateral. Secured loans demand you to pledge property which the lender can repossess the collateral to recoup the remaining loan harmony If you're able to’t make payments. Typically, the loan should be repaid by a fixed day, commonly 3-5 years. Personal loans may be unsecured, but some involve collateral. Unsecured https://israelkpbrh.bloguerosa.com/37292155/77-loans-fundamentals-explained