Answer:
high interest
Step-by-step explanation:
A secured loan is a type of loan where the debtor pledges some type of asset as guarantee or collateral for the loan, e.g. mortgage on a house or an auto loan.
Secured loans are usually long-term loans, e.g. mortgage loan average term is 30 years, while auto loans last 4-5 years.
Mortgage loans are usually paid in monthly installments, and they there bear low interest rates.