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There are basically two types of loans available, secured and unsecured loans. Secured loans are mainly for homeowners because the borrower uses their home as security or collateral against the loan. This is a relatively low risk for the lender because they are protected in the event of the borrowers inability to pay off the progress the repercussion is that incorporation rates are subjugate for secured adverse savings account loans. Unsecured loans require no pledge of collateral to secure the debt but because this represents a far ahead risk for the lending company, incorporation rates are higher.
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