Unsecured Loans: 5 Key Things You Need to Know

Unsecured Loans: 5 Key Things You Need to Know

Unsecured loans are another form of personal/ business loans which usually don’t require any collateral in return. They involve other things as well such as credit cards and student loans. Lenders take a high risk while providing this loan because there is no asset to cover the loss in case of insolvency. Thus, reducing the risk of losing assets of the borrower. Interest rates on such loans can vary between 11% p.a to 26% p.a., including a portion of the principal loan amount. These loans are available for a period…

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