_ require the borrower to put up collateral for the loan. Choose an option below: Unsecured loans Interest rates Revolving credit Secured loans
_ require the borrower to put up collateral for the loan.
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_ require the borrower to put up collateral for the loan. Choose an option below: Unsecured loans Interest rates Revolving credit Secured loans
The correct answer is Secured loans.
Secured loans require the borrower to put up collateral, which is an asset that the lender can claim if the borrower fails to repay the loan. This reduces the lender’s risk and typically results in lower interest rates compared to unsecured loans, which do not require collateral.