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BenefitsOfTaking SecuredLoan A secured loan is borrowed against an asset that is pledged to the lender as a collateral. Here are some benefits of borrowing a secured loan: Longer payback time Easy to obtain Larger amount can be borrowed Helps improve bad credit score Lower monthly payments available Can be used for numerous purposes Comparatively lower rates of interest www.gctfcu.net Greater Central Texas Federal Credit Union 3305 E. Elms Rd., Killeen, TX 76542 Phone: (254) 690 - 2274 Image source: Designed by Freepik