Proof of funds/ loan in Dubai

[kashjuni]

Actually I have taken a loan in the form of advanced salaries in my home city and from the bank where I have the salary account. I took this loan 3 years ago, and have paid 70% of the amount already along with interest. Is my case that of secured loan or unsecured?

This is also an unsecured loan. Secured loans are like house loan, car loan etc. where your house or car can be taken back if you default on payments.

 

[omarkhan]

This is also an unsecured loan. Secured loans are like house loan, car loan etc. where your house or car can be taken back if you default on payments.

I see. Now I see the light. Thank you for making the difference clear to me. I'll go for paying off the loan first then.