Empréstimo com garantia de imóvel online is debt backed by an asset you own, like your home, car or savings account. When you apply for a secured loan, lenders will typically run a credit check and require that you provide proof of your assets’ value before approving your application. Secured loans offer lower interest rates than unsecured personal loans and can be easier to qualify for, especially for borrowers with poor credit. They also allow you to consolidate multiple high-interest debts into a single, more manageable loan with a single, lower-interest payment that can help you build your credit.

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However, secured loans carry the risk of losing your asset in the event that you fail to meet your repayment obligations. This can include repossession or foreclosure of your property, which will be reported to your credit report and remain on your credit history for up to seven years. In addition, missed payments on a secured loan can result in lender-assessed late fees and can damage your credit score.

There are several types of secured loans, including mortgages and auto loans. Many online lenders also offer secured personal loans, such as Oportun, Upgrade and OneMain. Additionally, you can find secured loans at banks, credit unions, and some pawnshops. For example, a pawnshop loan requires that you use your car title as collateral to borrow money. If you fail to repay the loan, the pawnshop can keep your vehicle. Other collateral options for a pawnshop loan include tools, furniture and even video game consoles.