Quick, easy & hassle free

Instant Approval For Collateral Loans

Lowest Interest Rates – Calculate EMI – Check Eligibility – Instant e-Approval – Special Offers

Why Choose us ?

    Request Quote Now

    Easy to apply for a loan with us,Once you have complete this form.

    What Is Collateral?

    The term collateral refers to an asset that a lender accepts as security for a loan. Collateral may take the form of real estate or other kinds of assets, depending on the purpose of the loan. The collateral acts as a form of protection for the lender. That is, if the borrower defaults on their loan payments, the lender can seize the collateral and sell it to recoup some or all of its losses.

    Reason to Choose us

    We offer award-winning, low-rate car loans with no ongoing fees,saving our customers thousands of dollars.

    Easy Loan Approvals

    Lowest Possible Prices

    Hassle free

    Secure Loan Processs

    Customer Reviews

    Porttitor aceseu efficitur non lorem acese its do remmselorem ipusm dolro sit commodo.

    “I loved the customer service you guys provided me. That was very nice and patient with the questions I had. I would really like definitely come back here”

    Deepak Kulkarni

    “We came out of their offices very happy with their service. They treated us very kind. Definite will come back. The waiting time was very appropriate.”

    Renuka Shine

    “I want to express my appreciation for assistance that you provided over several years to help resolve a difficult financial situation when my debt was out

    Ganesh Lele (SURAT)

    KEY TAKEAWAYS

    • Collateral is an item of value used to secure a loan.
    • Collateral minimizes the risk for lenders.
    • If a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup its losses.
    • Mortgages and car loans are two types of collateralized loans.
    • Other personal assets, such as a savings or investment account, can be used to secure a collateralized personal loan.
    Get Started Now

    The most common type of collateral used by borrowers is real estate, such as one’s home or a parcel of land. Such properties come with a high value and low depreciation. However, it can also be risky because if the property is sequestered due to a default, it cannot any longer be taken back.

    Cash is another common type of collateral because it works very simply. An individual can take a loan from the bank where he maintains active accounts, and in the event of a default, the bank can liquidate his accounts in order to recoup the borrowed money.

    This involves inventory that serves as the collateral for a loan. Should a default happen, the items listed in the inventory can be sold by the lender to recoup its loss.

    Invoices are one of the types of collateral used by small businesses, wherein invoices to customers of the business that are still outstanding – unpaid – are used as collateral.

    This involves the use of a lien, which is a legal claim allowing a lender to dispose of the assets of a business that is in default on a loan.

    We are Here to Help You

    Our mission is to deliver reliable, latest news and opinions.

    Apply For Loan

    Looking to buy a car or home loan? then apply for loan now.

    Get Appointment

    Call us at

    9920356789

    lnfo@memyloan.com

    Contact Us

    Talk to Advisor

    Need to loan advise? Talk to our Loan advisors.

    Meet The Advisor