A secured loan has collateral attached to the loan. The collateral for a secured loan can be an auto, motorcycle, RV, boat, and even your home. Secured loans generally have a lower interest rate than an unsecured loan.

A secured loan gives the Advantis the right to take possession of one or more of your assets if you do not repay the loan within its term. These assets are specifically identified as part of the loan documentation and serve as collateral for Advantis in the event that you default on your loan. If you default on a secured loan, Advantis can take possession of the asset(s) and sell it to recoup any balance outstanding on the debt.

An unsecured loan does not have collateral. Unsecured loans can be a Visa or a fixed-term signature loan.  

Learn more about our loans and how we can help you.