Collateral is property you pledge to a lender to secure repayment of a loan.
For a Best Egg Secured Loan, collateral includes specific fixtures in your home—such as built-in cabinets, vanities, and light fixtures—that are permanently attached to the property.
It does not include:
- Personal belongings
- Household goods
- Unattached appliances
This type of collateral allows us to offer lower interest rates without using the entire home as security.