Why should I be aware if a bank ask me for money to secure my loan?
Answers:
maybe they are asking you to secure the loan with collateral and in this case your savings account is it .
If your bank is charging you fees up front to process your loan,then i would say sign up at another bank.
Most financial institutions do not charge service fees on loans,,they make their money by the interest they charge on your loan.
The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.