Now, everyone's life is increasingly inseparable from loans. Many friends know that secured loans are divided into secured loans, mortgage loans and pledge loans, but they don't know what are the advantages and disadvantages of secured loans. The following is to introduce the relevant content for everyone.

Secured loan

Guaranteed loan refers to a loan issued by a third party who promises to bear joint and several liabilities according to the agreement when the borrower cannot repay the loan. The advantage of secured loans is that the procedures are relatively simple, and generally there is no need to go through relevant registration and evaluation procedures. The disadvantage of secured loans is that the threshold is too high.

Mortgage loan/securities loan

Mortgage loan refers to a loan issued with the property of the borrower or a third party as collateral. The advantages of mortgage loan are high loan amount, long term and low interest rate. The disadvantage of mortgage loan is that the lending speed is slow and the handling process is complicated.

loan on mortgage/security

Pledged loan refers to a loan issued with the movable property or rights of the borrower or a third party as pledge. The advantage of pledge loan is that it is easy to pass the loan review and the loan interest rate is relatively low. The disadvantage of mortgage loan is that the borrower will temporarily lose the right to use the collateral.