Secured term loan
What happens if I default on a secured loan?
If you default, the lender can take possession of the asset used as collateral, and sell it to recover the debt. Defaulting can also negatively impact your credit score and future borrowing power.
What are the interest rates for secured loans?
With Valiant, secured finance interest rates start from 7% p.a., but the exact rate you receive may vary based on factors like your credit profile, loan amount, and asset used.
What is a secured term loan?
A secured term loan is a type of financing where you use an assets as security. This reduces the risk for lenders, often resulting in lower interest rates, longer terms, and higher loan amounts.
How much can I borrow on a secured loan?
You can borrow anywhere from $10,000 to over $1,000,000 with a secured term loan.
How do I apply for a secured business loan?
If you're considering a secured business loan, we can help. Fill out our quick form, and our lending experts will then get in contact to confirm your details and find the right funding solution for your needs.
What can be used as collateral for a business loan?
The most common form of collateral for a secured term loan is a property that you own, which can be commercial, rural or residential. Other options include personal assets of high value, equipment, vehicles, trucks, and even the equity within your business, although these are not as common.