Collateral
An asset offered as security for a loan, which may be recovered by the lender if the borrower fails to repay.
Plain English definitions of the terms that come up when you borrow, lend, or manage a loan business.
1 linked term
An asset offered as security for a loan, which may be recovered by the lender if the borrower fails to repay.
Lendsqr is not a lender and cannot provide loans directly. Our platform functions as a bridge connecting you with licensed lenders who may offer personal loans depending on their products. We showcase a list of these lenders and the loan options they provide.
While you can initiate the application process on Lendsqr, it's important to understand this simply starts the process with your chosen lender, not with Lendsqr.
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