Thread: loan from bank
View Single Post
Old 08-27-2008, 05:41 PM
bullish bullish is offline
Senior Member
Join Date: Jul 2008
Posts: 155

Small personal loans are usually unsecured loans, so you don't need a collateral for them. However if you apply for a mortgage then the mortgage (it's also a personal loan) is secured by the property you are buying.

The bank can always deny your loan, even if you have a perfect credit.
Reply With Quote