Which of the following is considered a secured loan?Personal loanStudent loanMortgage loanCredit card

1. Identifying Secured Loans

A secured loan is a type of loan where the borrower provides an asset as collateral to the lender. This means that if the borrower fails to repay the loan, the lender has the right to take the collateral to recover the owed amount.

2. Evaluating Each Option

1. Personal Loan: Typically, this is an unsecured loan unless specified otherwise.
2. Student Loan: Generally unsecured, although some may have collateral features depending on the institution.
3. Mortgage Loan: This is a secured loan, as the property purchased serves as collateral.
4. Credit Card: Usually unsecured since it does not require collateral.

3. Conclusion

Among the options provided, the Mortgage loan is the only one that is considered a secured loan because it is backed by the value of the property being financed. The other options (personal loan, student loan, and credit card) are mostly unsecured.