Ask Question
15 January, 22:18

Which loan type isn't secured with collateral?

a. none of the answers are correctb. auto loansc. mortgages (home loans)

d. subsidized student loanse. all of the answers are correctf. small business loans

+5
Answers (1)
  1. 15 January, 23:05
    0
    Normally, for a car and home loan, the vehicle or the house is considered the collateral. If you miss payments, the lender can take back the car or foreclose on the home. Student loans do not require collateral.

    You added small business loans at the end of the question - these vary. Some do not require collateral and some do. It depends upon the lender.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which loan type isn't secured with collateral? a. none of the answers are correctb. auto loansc. mortgages (home loans) d. subsidized ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers