SECURED VS. UNGUARANTEED LOANS: UNDERSTANDING THE DIFFERENCE

When requiring a loan, one of the most crucial determinants is whether it's collateralised or unsecured. A collateralised loan demands collateral, which is an asset the lender can reclaim if you fail to repay on the financing. This collateral acts as protection for the lender, rendering secured loans less dangerous. Conversely, an collateral-free l