Asset

Published 11 Aug 2020

An asset is an item or a property of value that can be pledged by a borrower as collateral for a secured personal loan. As collateral, the asset can be repossessed should the borrower default on their loan. For example, if a borrower were to take out a car loan, they would pledge the new vehicle as a collateral.

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business