Collateral loan is a loan in which the borrower pawn their assets (eg houses) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan
If the borrower is unable to pay the payments on time, creditors will take legal action and ownership of the asset used as collateral will be sold to recover some or all of the amount originally lent to the borrower
When debts are settled in full all secured loan agreement will be canceled and the estate grants and related documents will be returned to the borrower
Please bring items / documents you want secured and submitted to us for approval
For redemption of the collateral items, please bring the receipt of a loan is settled, we will refund your security goods