A Guaranteed Personal Loan Gives You the Cash You Need

There are two types of personal loans you can get from a bank – a secured loan and an unsecured loan. An unsecured loan is a loan that is not collateralized by an asset of value, and often results in a higher Home Loan Strategies interest rate. A secured loan, also known as a guaranteed personal loan, is one that is tied to a valuable asset. A secured loan may be the answer you need for getting cash at a lower interest rate.
A guaranteed personal loan is often secured by anything from a car, boat, or motorcycle to something much more valuable like your home. It can even be secured by business assets. You can use this type of loan to buy these assets, and in this case, the bank will often provide the loan funds directly to the person or company you are buying these assets from. Or you can get a secured loan from your bank that is tied to these assets that you may own already. For this type of loan, often you have own these assets free and clear, without having a loan already on them. Then the bank will put a lien on the asset you are offering as collateral for your loan, and will give you the cash you need. So in this case, you can use the cash for whatever you need. You can use the cash to buy something else, or to even go on a shopping spree or a big vacation.
A guaranteed personal loan may be just what you need to get the cash you are looking for. Talk to your Accion Start Up Loans bank or financial institution about what interest rate they can offer you for a secured loan today.

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