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A lender won't lose money funding what type of loan?

A) Secured loan
B) Unsecured loan
C) Payday loan
D) Subprime mortgage loan

User Darkey
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1 Answer

3 votes

Final answer:

A lender won't lose money funding a secured loan because it is backed by collateral.

Step-by-step explanation:

A lender won't lose money funding a Secured loan. Secured loans are backed by collateral, which reduces the risk for the lender. If the borrower defaults on the loan, the lender can repossess the collateral to recover their funds.

User Magnetar
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