What is meaning of Secured & Unsecured loan?

[tirumal]

Hi admin

how can we di this set up in our oracle apps plez give me vauable suggestions

Thanks

[ggoli]

What is the context here? I do not know of any such concept for Oracle Projects.

[Racle11i]

Hi,
you mean those topics related in Oracle Apps,
or in normal bank day to day transactions,
if so, secured Loans means Banks Or building society will provide loans by keeping something as guarantee and security for their monies like house,flat or plot or a person may also be a guarantor,
and Unsecured Loan means Banks will Provide Loans without taking any guarantee or security purely based on personal credit checks nothing but customers financial history in that particular bank or with any other creditors,
these terms will be used mostly in Foreign Countries as far as we know..
hope u understand..
thanks..