Features & Benefits
What is a Secured Loan?
A secured loan is a type of loan that is backed by collateral—financial assets you possess, such as a house or car—that may be used to repay the lender if you default on the loan.
Because secured loans pose a reduced risk to lenders, they may provide cheaper interest rates to borrowers.
Lenders take collateral in exchange for a secured loan in order to encourage borrowers to pay back the loan on time. After all, the threat of losing your house or vehicle is a powerful motivator to repay the debt and prevent foreclosure or repossession.
How to Apply for Secured Loan
Download from Play Store
Just download & install the application from Google Play Store
Register on the Platform
Fill up your work and personal details in the application.
Upload the required documents
Upload a few required documents for identity verification.
Choose from the Loan Options
Choose from the list of loan options provided to you.
Apply for Loan
Apply for your desired loan.
Receive Funds in Bank
The loan amount will be sent to your bank account within few hours.
A secured loan is a type of loan that allows you to borrow money for a variety of purposes. . There are many reputable and trustworthy loan companies that offer secured loans online such as SmartCoin Financials Private Limited.
When you take out an online secured loan, you are given a certain sum of money at a fixed interest rate and can repay it for a set period of time, much as every other loan. However, there are a few features of a personal loan that can make it more beneficial than other types of loans, such as:
It does not bind the applicant’s properties in any way. secured Loans, unlike Home or Car Loans, which are secured by the asset against which the loan is sought, offer cash advances for your needs without including any collateral.
If you need a large amount of money for personal reasons, you can take out a secured loan. It can be for a medical/social emergency, lifestyle needs like home repairs/renovation, or even to consolidate current debts.
Secured Loan Interest Rates
At SmartCoin, we bring you the best personal loan rates based on your individual and financial profile as well as your requirement. You can avail of loans up to Rs 1,00,000 to meet your financial requirement. We value your expectations and budget, that’s why we will quote a suitable rate of interest that you can afford.
Please do note that the exact interest rate applicable to you would also depend on the loan tenure you select and the loan amount requested.