Answered

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Loan collateral is:
OA. The side benefits of a loan.
OB. The loan fees.
OC. Property securing the loan.
OD The damage done by taking

Sagot :

Parrain

Answer: C. Property securing the loan.

Explanation:

The Loan collateral is the asset that the lender can claim in case the borrower is unable to pay off the debt. The lender can then sell this asset and use the proceeds to recoup some or all of the money they lent out.

There are various types of mortgages and they depend on the type of loan. For instance, mortgage loans use property as their collateral. There are however loans that can take cars, investment accounts or even valuable antique collections as collateral.

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