Secured loan is a loan in which the borrower pledges asset (e.g. house, property, or car) as collateral for the loan. The loan is thus secured against the collateral in the event that the borrower defaults; the lender takes possession of the asset used as collateral and may sell it to regain the amount originally lent to the borrower.

From the creditor's perspective this is a category of loan in which a lender has been granted some rights to the specified property. The opposite of secured loan is unsecured loan, which is not connected to any specific asset (e.g. house, property, or car) and instead the creditor may satisfy the loan/debt against the borrower rather than just the borrower's collateral.

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