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Secured and unsecured loan

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(Querist)
28 January 2015 what is meaning of Secured and unsecured loan with examples?
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pranali

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pranali (Querist)
28 January 2015 Please reply me
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CA Deven

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CA Deven (Expert)
28 January 2015 Secured loan will be which is secured against property e.g loan taken by Co. against mortgaging any Flat of the Co.

Unsecured loan will be on which there is no charge has been created.
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Rupesh Jain

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Rupesh Jain (Expert)
29 January 2015 secured loan:which is secured against property or FDR .

unsecured loan: it is not secured against any property or some thing.

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