The conversation between human and AI assistant.
If I am unable to pay bank loan amount, how can I save my colletral?
Is there anything else I can do to protect my collateral, maybe before I even take out the loan?
One way to potentially protect your collateral is to explore other types of loans, such as unsecured loans, which don't require collateral. You could also consider taking out a smaller loan amount that you know you can handle, or finding a co-signer to help you secure the loan.