10 why do banks or lenders demand collateral against loans

1.	10 why do banks or lenders demand collateral against loans
Answer» Answer: Collateral security is an asset pledged as security against a loan by the borrower to the LENDER of the loan. ... so whenever any bank or any lender gives loan to ANYONE they demand collateral so that they can feel assured about the RECOVERY of loan amount. it acts as a PROTECTION to the lender

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Answer:

Collateral security is an asset pledged as security against a loan by the borrower to the LENDER of the loan. ... so whenever any bank or any lender gives loan to ANYONE they demand collateral so that they can feel assured about the RECOVERY of loan amount. it acts as a PROTECTION to the lender

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10 why do banks or lenders demand collateral against loans

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