What Can Be Used as Collateral for a Personal Loan?
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is Collateral?
Do All Personal Loans Require Collateral?
Secured vs Unsecured Personal Loans
Types of Collateral That You Can Use
Home
Vehicles
Stocks
Bonds
Jewelry
Fine Art
Collectibles
Precious Metals
Future Paychecks
Antiques
Life Insurance Policies
Cash in Savings
Cash in Certificates of Deposit
What Happens if You Default on a Secured Loan?
The Takeaway
Frequently Asked Questions
About the Author
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