What is a Secured Loan?
A secured loan could be a loan backed by collateral—financial assets you own, form of a home or a car—that may be used as payment to the loaner if you do not pay back the loan.
A secured loan could be a loan backed by collateral—financial assets you own, form of a home or a car—that may be used as payment to the loaner if you do not pay back the loan.
What is a CIBIL Score and Report?
CIBIL Score may be a three-digit numeric summary of your credit history. The score comes using the credit history found within the CIBIL Report (also called CIR i.e. Credit info Report).
The loan is that thing once you take money from Relative, bank or Non-Banking Finance Companies and also Prepay/repay that principal Amount with interest.