{"id":927,"date":"2017-07-05T16:33:31","date_gmt":"2017-07-05T23:33:31","guid":{"rendered":"https:\/\/financer.com\/?page_id=927"},"modified":"2024-12-03T06:21:40","modified_gmt":"2024-12-03T14:21:40","slug":"unsecured","status":"publish","type":"page","link":"https:\/\/financer.com\/loans\/unsecured\/","title":{"rendered":"Unsecured Loans"},"content":{"rendered":"\n
In the world of personal finance, unsecured loans play a crucial role in providing financial flexibility to borrowers.<\/p>\n\n\n
Unsecured loans are financial products that don’t require collateral, such as a home or car, to secure the loan. <\/p>\n\n\n\n
This type of lending is based primarily on the borrower’s creditworthiness and ability to repay.<\/p>\n\n\n
Unsecured loans are often referred to as “signature loans” because the borrower’s signature and promise to repay are the primary requirements, assuming they meet the lender’s criteria.<\/p>\n\n\n
Unsecured loans typically carry higher interest rates compared to secured loans. This is because lenders assume more risk when approving a loan without the backing of any assets.<\/p><\/div>\n\n