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Secured Loans: ULTIMATE GUIDE to find the best dealA secured loan is a loan backed by collateral. The most common types of secured loans are mortgages and car loans, and in the case of these loans, the. A secured loan usually means the lender can take your home if you fail to repay. Unsecured personal loans are less risky, but you'll still need to repay on. A secured loan is a type of debt backed by collateral, which is something you own, such as a house, car or savings account.