Security Agreement and Retail Installment Sale in Consumer Goods with Attached Note is a contract between a borrower and lender that outlines the terms of a loan, including the interest rate, repayment schedule, and total loan amount. The security agreement serves as collateral for the loan, with the borrower agreeing to provide the lender with a lien on certain goods (such as cars or furniture) in the event of default. The Note attached to the agreement outlines the borrower's promise to repay the loan in full. Types of Security Agreement and Retail installment Sale in Consumer Goods with Attached Note include consumer installment loans, personal loans, and secured loans. Consumer installment loans are secured by tangible goods such as cars, furniture, or appliances, and the borrower makes regular payments over a set period of time. Personal loans are unsecured and have more flexible terms and repayment options. Secured loans, on the other hand, are backed by collateral such as a car or house, and typically have higher interest rates and stricter repayment terms.