The term secured means that the loan does have a security attached to it. This means that unlike unsecured loans the lender can confiscate the borrowers’ asset in case of a default. Hence, the borrowers’ have to face the risk of default and the lenders will not lose their money in case of non payment. The risk of losing the house is present. This makes the loan unattractive to the borrowers. They can be business loans or graduate loans or any other type of loans. The lenders tend to issue more secured loans than the unsecured loans because they have an assurance of repayment in case of the former.