SECURED VS. UNSECURED LOANS: GRASPING THE DIFFERENCE

When requiring a loan, one of the most crucial aspects is whether it's protected or collateral-free. A collateralised loan demands collateral, which is an asset the lender can take possession of if you miss payments on the financing. This collateral acts as security for the lender, rendering secured loans less risky. Conversely, an unguaranteed loa