What is a pledge loan? A pledge loan differs from a standard..
Added 2022-07-07 18:39:49 +0000 UTCWhat is a pledge loan?
A pledge loan differs from a standard loan in that the loaned amount is completely backed with collateral from the borrower. A borrower can use their funds, such as a savings account, as collateral to obtain a loan. The funds used as collateral then become "frozen" until the loan is paid back in full.
