Ennis State Bank | Trinity Capital Bank of Texas is here to help you find the loan that best suits your life’s needs, dreams and everything in between- whether it is a planned purchase or unexpected expense.
A secured loan requires borrowers to offer collateral. For example, the item you want to finance, such as a car or home, can be used as collateral. A secured loan is a means of security that the loan will be paid. They are also the most common way to borrow large sums of money.
Examples of Secured Loans For:
An unsecured loan is the opposite of a secured loan because it is not secured by collateral. Instead of committing an asset, borrowers can qualify based on their personal credit history and income.
Examples of Unsecured Loans For: