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Does anyone have experience with using 10 year bond as collateral to secure a loan? Lets say the 10 year bonds are worth 1 million what is the loan amount i can obtain?

Also what will the interest rate be like(similar to mortgage loan)?

Also what are the things one should take note of?

Yes you can use them as collateral, but the bank will not value it at Face value. Usually 95% of face value. Interest on the loan is between you and the bank to negotiate.

Yes you can use them as collateral, but the bank will not value it at Face value. Usually 95% of face value. Interest on the loan is between you and the bank to negotiate.