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Collateral Security Vs Prime Security Explained in Hindi - Prerna Chatterjee

Collateral Security Vs Prime Security

Know the difference between collateral and prime security. Whether you are availing construction loan, home loan, property loan or business loan from a bank you need to submit collateral as a proof. Collateral Security is a property or other asset that a borrower offers as a way for a lender to secure the loan. Prime security is an asset acquired by a borrower under a loan and it is the same asset that is offered to the lender as a security for the financed amount.

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