This is a loan that you can get when you use any of your asset or property as collateral or security. For example, a home loan or a loan against property may be used to finance the purchase or renovation of a property. You can also use it to finance other big-ticket expenses such as a wedding. However, if you as a borrower are unable to repay the loan, the lender can seize the property and sell it to recover the loan amount due.

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