Question

consult the different banks on
what kind of collateral would they consider
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Answer 1

Answer:

You can use anything that holds value as collateral for a personal loan, as long as that value matches or exceeds the loan amount and will be accepted by the lender. Common forms of collateral for a personal loan include things like cars, investments, real estate and more.

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Answer 2

Most financial assets that can be seized and sold for cash are considered acceptable collateral, although each type of loan has different requirements. For a standard mortgage or auto loan, the home or car itself is used as collateral.