A loan that is guaranteed with property is called ?

Loans guaranteed by collateral are known as “secured” loans. With a secured loan, you give lenders an ownership interest in some of your property. The property guaranteeing the loan is the collateral, and lenders can take it if you don't pay as promised.

Explanation:

Loans guaranteed by collateral are known as “secured” loans. With a secured loan, you give lenders an ownership interest in some of your property. The property guaranteeing the loan is the collateral, and lenders can take it if you don't pay as promised.

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