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Secured personal loans

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RateCity
- 1 min read
Secured personal loans

Find some of the lowest rates on your next secured personal loan.

When a bank lends out money, it prefers to hold collateral to ensure repayment. This is why they will offer a lower rate if you choose to secure your personal loan with property, such as a car.

This way, if you default on the loan, the lender has the right to repossess the assets you have secured. Therefore you need to be extra careful about keeping up the repayments.

Both secured and unsecured personal loans have standard features that allow you to choose between variable and fixed rates, and flexible repayment options.

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Disclaimer

This article is over two years old, last updated on January 7, 2009. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent personal loans articles.

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Product database updated 19 Mar, 2024