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What is a Secured Loan?

The term “Secured Loan” refers to the loan that is aptly backed up by collateral (a security pledged for the repayment of a loan). To put it simply, in a secured loan the borrower pledges one or more of his assets such as a house or a car to borrow the desired amount. If


What to look out for in a loan?

A bad loan deal can really screw you up. Therefore, it is essential for you to opt for a right loan. And for that, you need to explicitly and unambiguously delineate your requirements, preferences, and constraints (if any). The best loan is the one that helps you accomplish your objectives for which you sought it. 


Top Ten Loan Facts
  • Never borrow a loan in a hurry. Do your homework before zeroing in on a lender.
  • A loan should not be borrowed from a lender who you do not trust. You should know your lender.



NEWS AND INFORMATION

SBA: Everyone should apply for loans (Galveston County Daily News)
The U.S. SBA was encouraging home and business owners and renters to apply for loans to help recover from losses incurred during Hurricane Ike.
Higher Loans Available To New SD Farmers (KELO Sioux Falls)
New farmers can apply for higher Beginning Farmer Bond loans starting September 30.
Loans available for homes damaged by Ike (Fort Bend Sun)
Low-interest disaster loans are now available to Texas residents and businesses as a result of President Bush's Federal disaster declaration.
FM gives away educational loans (Chennai Online)
Sivaganga, Sept 21: Union finance minister P Chidambaram today distributed educational loans worth Rs 24.93 crore to 1,518 students at an educational loan campaign, organised by the district consultative committee.
Automaker loans to be part of bailout (UPI)
WASHINGTON, Sept. 20 (UPI) -- Billions of dollars in loans slated for U.S. automakers seem likely to go through as Congress moves to bail out the banking industry, industry players say.
Detroit loan officer jailed for defrauding IRS (MLive.com)
DETROIT -- A Detroit loan officer has been sentenced to 15 months in prison after pleading guilty to helping others file false Internal Revenue Service claims.
Payday loans need to be outlawed: Goddard (The Daily Dispatch)
PHOENIX -- Attorney General Terry Goddard said Tuesday that payday loans need to be outlawed because most Arizonans who use them don't know when -- or how -- to stop.
Payday loans: Should interest rates be capped? (The Bakersfield Californian)
About a third of state governments have followed the federal lead in capping interest rates on short-term loans often used by borrowers who live check to check. California isn't one of those states. A bill here died in committee last session, and sponsor Assemblyman Dave Jones, D-Sacramento, hasn't decided yet whether he will try again next year. In 2006, Congress capped rates on payday loans, ...
The crisis made simple: how dodgy home loans in America led to collapsing banks, falling markets and the end of HBOS (Times Online)
What caused these problems? It began in America where lenders offered mortgages to people who struggled to meet the repayments, the so-called “sub-prime” loans. The mortgages were pooled and trading in these bundles of loans became an industry in itself.
Diallo joins Cheltenham on loan (BBC News)
Milton Keynes Dons defender Drissa Diallo joins Cheltenham on a month's loan.

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