Secured Vs Unsecured Loan 6 Differences You Must Know

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From knowing about loans to knowing about getting an EMI Calculator online, check these out- • https://cleartax.in/s/loans • https://cleartax.in/s/personal-loan-e... • https://cleartax.in/g/terms/land • • There are two different types of loans: secured loans and unsecured loans. Knowing the difference between the two is an important step towards achieving financial literacy that can have a long-term effect on your financial health. • The basic difference between the two is – a secured loan needs the borrower to provide collateral while an unsecured loan does not. This small difference has a huge impact on practically all aspects of the loan – borrowing limit, interest rate and repayment terms. Let’s understand more about these two loan types. • We are here to make your financial life easier! Comment below if you have any queries or topics that you want us to make videos on! • Thank you so much for watching the video. Don’t forget to give this video a big thumbs up and subscribe for regular videos on finance! Stay tuned! • • #Loans #UnsecuredLoan #SecuredLoan #financetips

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