3 different things 'take a loan against' , 'loan money against', 'pledge your home against a loan'.
What does it mean to 'take a loan against'?
Could you correct this for me please? 1 I took out a loan against my home.
What does it mean to 'loan money against'?
Could you correct this for me please? 1 Many banks will loan money on/against newer model cars which are paid off and the owner is in possession of the title.
What does it mean to 'pledge your home against a loan'?
Could you correct this for me please? 1 I pledging my home against a loan for a start up business.
2 Why pledge two homes for the loan against only one? Why pledge two homes against a loan for only one?
Top answer
It means to use somethiing for collateral, or security, against a loan -- what you'll give the loaner if you fail to repay.
— Philip
It means to use somethiing for collateral, or security, against a loan -- what you'll give the loaner if you fail to repay.
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