ow does a secured loan differ from an unsecured loan?

A secured loan does not require a deposit, while an unsecured loan requires a deposit.

A secured loan has no balance limit but must be repaid in full within a certain time.

A secured loan requires a deposit, while an unsecured loan does not require a deposit.

An unsecured loan has no balance limit and no specific time by which it must be repaid.

Question

ow does a secured loan differ from an unsecured loan?

 A secured loan does not require a deposit, while an unsecured loan requires a deposit.

 A secured loan has no balance limit but must be repaid in full within a certain time.

 A secured loan requires a deposit, while an unsecured loan does not require a deposit.

 An unsecured loan has no balance limit and no specific time by which it must be repaid.

518nad · Answer

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kl0723 · Answer

a secured loan requires a deposit in the form of a possession such a in pawning, if debt is not paid then the loan can be canceled by the formal contract and the person lending can keep possesion

jenessa_2413 · Answer

so it would be the third one right

jenessa_2413 · Answer

@kl0723

kl0723 · Answer

yeah

jenessa_2413 · Answer

ok tysm