Secured Loan Online

Join our 30 lakh+ happy customers and fulfil your aspirations with an instant secured loan backed by collaterals at a lucrative rate!

Let’s get in touch

Your name

Company name

Mobile number

Email ID

Website URL

39 Mn+

App downloads

9 Mn+

Loans given

₹40,000 Cr+

Money disbursed

8,500+

Partner tie-ups

What is Secured Loan?

When it comes to secured loans, it’s all about understanding how they can work for you! A secured loan allows you to borrow funds by offering collateral or security, including assets like a house, car or even gold. Secured loans often come with attractive benefits, such as lower interest rates and longer repayment terms, making them a popular choice for large purchases — whether it’s a mortgage, car loan or even debt consolidation. The reason for these benefits is that the lender assumes less risk due to the collateral provided.

In comparing a secured loan and an unsecured loan, secured loans stand out for their flexibility and lower interest rates. Unsecured loans, on the other hand, don’t require collateral but may come with higher interest rates as the lender bears more risk. Secured loans can also support business needs, like commercial mortgages or equipment financing. While it’s important to meet loan obligations to protect your assets, secured loans provide a way for both individuals and businesses to access the funds they need with added security for the lender.

Key features of a Secured loan

Here are a few key features of a Secured loan:

Access to Larger Loan Amounts:

Get higher loan amounts based on the value of your collateral

Flexible Loan Purposes:

Perfect for home improvements, debt consolidation or major purchases

Lower interest rates:

Enjoy more competitive rates compared to unsecured loans

Longer Repayment Terms:

Spread payments over an extended period for added convenience

Predictable Fixed Rates:

Fixed interest rates offer stable, manageable monthly payments

Easier Accessibility:

Collateral-backed loans can be more accessible, even with less-than-perfect credit

Access to Larger Loan Amounts:

Get higher loan amounts based on the value of your collateral

Flexible Loan Purposes:

Perfect for home improvements, debt consolidation or major purchases

Lower interest rates:

Enjoy more competitive rates compared to unsecured loans

Longer Repayment Terms:

Spread payments over an extended period for added convenience

Predictable Fixed Rates:

Fixed interest rates offer stable, manageable monthly payments

Easier Accessibility:

Collateral-backed loans can be more accessible, even with less-than-perfect credit

These key features highlight the benefits and risks associated with secured loans, allowing borrowers to make informed decisions about their financial options.

Eligibility For Secured Loan

To be eligible for a secured loan, you typically need to meet the following requirements:

Age: 19 Years to 55 Years

Income: Have a stable income or a steady source of income

Credit score: I Have a fair or good credit score (although some lenders may consider poor credit scores)

Collateral: Own an asset that can be used as collateral, such as a house, car or other valuable property

Debt-to-Income Ratio: Have a manageable debt-to-income ratio (lenders may consider this to ensure you can afford loan repayments)

Residency: Be a resident of the country or region where the lender operates

Additionally, lenders may consider other factors such as:

Loan-to-value (LTV) ratio: The percentage of the asset's value that you can borrow against

Asset condition: The condition and value of the asset being used as collateral

Loan purpose:The reason for taking out the loan (e.g., home improvements, debt consolidation)

Meeting these requirements doesn't guarantee loan approval, as lenders may have additional criteria. It's essential to check with the lender for specific eligibility requirements and to discuss your circumstances.

Fibe personal loan and instant cash loan app

Documents required for a secured loan

Below are list of documents required for a secured loan:

Identity Proof

Passport, Driver's License or Aadhaar Card

Income Proof

Latest 3 months' salary slips or bank statements showing income credits

Employment Proof

Letter from employer confirming employment and duration

Address Proof

Utility bills or rent agreements showing the current address

Collateral Documents

Property papers, registration certificate and insurance documents (if applicable)

Interest rates & charges for a Secured Loan

Here are the interest rates and charges for a secured loan in a table format:

Fee type & Charges
Particulars	Rates and Charges
Interest Rates	8.5% - 14.5%
Processing Fees	1% - 2% of the loan amount
Loan Origination Fee	0.5% - 1% of the loan amount
Late Payment Fee	2% - 4% of the overdue amount
Foreclosure Fee	1%-3% of the prepaid amount
Collateral Registration Fee	₹1,000 - ₹5,000
Stamp Duty	As applicable by the state govt.
GST	18% on all fees & charges

Note: Secured loans, including various types of secured loans such as mortgages, car loans and commercial loans, offer lower interest rates and longer repayment terms since the lender bears less risk. However, you risk losing your asset if you default. It's essential to understand the terms and conditions before signing the loan agreement, regardless of the type of secured loan you choose.

How to apply for a Secured Loan?

Applying for a secured personal loan involves the following steps:

Check eligibility: Review the lender's requirements and ensure you meet the criteria.

Choose a lender: Research and compare rates, terms and fees from various lenders.

Gather documents: Collect the necessary documents, such as income proof, ID and collateral papers.

Apply online or offline: Submit your application through the lender's website, mobile app or visit a branch in person.

Loan processing: The lender will review your application, verify documents and assess the collateral.

Loan approval: If approved, the lender will offer a loan agreement outlining the terms, interest rate and repayment schedule.

How Secured Loan Works?

A secured personal loan works by using an asset as collateral to secure the loan. Here's a step-by-step explanation:

You borrow money: You apply for a secured loan and receive a loan amount from a lender.
You provide collateral: You offer an asset, such as a house, car or property, as security for the loan.
Lender places a lien: The lender places a lien on the collateral, giving them legal rights to seize the asset if you default.
You repay the loan: You make regular payments, including interest and fees, to repay the loan.
Lender releases lien: Once the loan is fully repaid, the lender releases the lien and you regain full ownership of the collateral.
Default and repossession: If you fail to repay the loan, the lender can seize and sell the collateral to recoup their losses.

Secured loans offer lower interest rates and longer repayment terms since the lender bears less risk. However, you risk losing your asset if you default. It's essential to understand the terms and conditions before signing the loan agreement.

Secured loan EMI calculator

A handy tool to quickly estimate monthly payments for collateral-backed loans, making your budgeting and planning a breeze.

Loan amount1,45,000

Interest rate18

Select EMI option12

Your monthly instalment:

₹0

Total interest

₹0

Principal amount

₹1,45,000

Total amount

₹0

Apply now

Multi-purpose personal loan options

Personal Loan

Flexible loan for personal expenses or unexpected costs with easy repayment terms that suit your finances

Know More

Instant Cash Loan

Quick, short-term loan for urgent expenses, offering immediate access to funds with minimal documentation

Know More

Short-Term Loan

Temporary loan for brief financial gaps, typically repaid within weeks or months, ideal for emergency funding

Know More

Long-Term Loan

Extended loan for significant expenses or investments, with repayment periods spanning years, offering flexibility and stability

Know More

Travel Loan

Specialised loan for travel expenses, covering trip costs with flexible repayment terms to suit travel plans

Know More

Salaried Employee Loan

Loan designed for salaried professionals, offering favourable terms, lower interest rates and convenient repayment options

Know More

Wedding Loan

Instant cash to cover all your wedding expenses, providing financial support for the big day, with flexible repayment terms

Know More

Medical Emergency Loan

Urgent loans for medical crises, offering quick access to funds for treatments, surgeries or hospitalisation

Know More

Loan Against Mutual Funds

Get a seamless, secure and efficient loan against mutual fund experience

Know More

FAQs on Secured Loan

‘Secured’ on a loan means the lender has a legal claim to a specific asset (collateral) if the borrower defaults, allowing them to seize and sell it to recover losses.

These loans can be a good idea if you need a large loan amount or lower interest rates but be cautious of risking your collateral if you default on payments.

Yes, CIBIL score matters for secured loans, as a good credit score can help you qualify for better interest rates and terms, while a poor score may lead to higher interest rates or loan rejection.

The interest rate for a secured loan typically ranges from 8.5% to 14.5% per annum, depending on the lender, loan amount, credit score and collateral value.

Related Blogs

Personal Loan 29 May 2026

Top Personal Loan Apps for International Travel: Budget ₹2L–₹10L Range

This guide compares the top personal loan apps in India for international travel, covering the ₹2 lakh to ₹10 lakh range. You will find a lender-by-lender breakdown with real interest rate comparisons, an actual borrower example with EMI numbers, honest user reviews from Google Play and the App Store, and a clear framework for choosing between bank apps …

Continue reading “Top Personal Loan Apps for International Travel: Budget ₹2L–₹10L Range”

Top Personal Loan Apps for Salaried Professionals in India

This article compares the top 7 personal loan apps for salaried professionals in India, covering real user ratings, interest rates, loan limits and who each app actually works for. Whether you have a 750 CIBIL score or a thin credit file, you’ll find the right match here in under 5 minutes of reading. Let’s be honest, walking into a bank branch for a …

Continue reading “Top Personal Loan Apps for Salaried Professionals in India”

Top 10 Marriage Loan Apps in India (2026)

This article covers the top 10 marriage loan apps in India for 2025, with verified interest rates, processing fees and eligibility details for each app. Whether you are planning a small ceremony or a large multi-day celebration, it takes about 5 minutes to identify the right app and rate for your budget. Weddings in India are considered as a serious business …

Continue reading “Top 10 Marriage Loan Apps in India (2026)”

The cool new vibe to finance!

Download he Fibe App the cool new vibe to finance to avail of the loan in just a few clicks from anywhere

Download on App Store

Download on Play Store

Here's what our customers think of us!

Instant loan in minutes

I would like to thank Fibe (EarlySalary), few days back I met with an accident and I didn’t have much money to pay in one go. So, I took an instant cash advance from Fibe (EarlySalary). They helped me to clear all the medical bills in just 10 mins!

Subham Pawar

Quick and easy

The overall experience with Fibe was really good. I applied for an online personal loan and the service was very quick. The entire process was fast and smooth, and the loan was sanctioned without any hassles.

Shilpi Mukherjee