as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what is the difference between protected-equity loan vs equity loan?
user
in simple terms : equity loan is money borrowed from the bank to buy assets which can be houses , shares etc protected equity loan is commonly used in shares where you have a portfolio of shares and you set the minimum value the portfolio can fall to . anything less than there may result in a sell off of the share to protect you from further capital losses.  this is a very brief explaination , which does not fully cover what equity loan && protected equity loan really mean
assistant