An asset pledged to a lender as security for a loan.
Home loans are secured by the house, car loans by the car, gold loans by the gold. If you do not repay, the lender can sell the asset to recover the money.
Secured loans usually carry lower rates than unsecured ones such as personal loans and credit cards.
Short reads that explain how it works before you decide.
Personal LoansPersonal Loan True Cost: Flat vs Reducing Rate, Fees and APRTwo personal loans can quote rates that look close and cost very different amounts. Here is how flat and reducing rates differ, what the processing fee adds, and how to read the APR on the Key Fact Statement.Read the guide →
LoansWhat Is a Good CIBIL Score, and How to Raise ItYour CIBIL score runs from 300 to 900, and 750 or more opens most doors. Here is what moves it, what does not, and how to raise it step by step.Read the guide →Automatically organise your spending, track expenses and understand where your money goes.
