Collateral is the technical word used to identify the asset that you pledge to a bank or financial institution in exchange for a loan. Collateral can be anything from property to shares and mutual fund units. Pledging collateral offers the lender a degree of assurance in case you default on loan repayment. In exchange, you benefit from a large loan amount at a nominal interest rate. So, a collateral loan can be a great way to access money without losing ownership of your assets. In order to help you make…
Read More6 Things You Should Know About how Collateral Loans Work
