Unsecured personal loans

Unsecured personal loans,

Definition of Unsecured personal loans:

  1. A personal loan that is not backed with collateral. The borrower promises to repay the loan without offering an asset such as a home or car to serve as collateral in the event the loan is not repaid. For example, To be approved for an unsecured personal loan, a borrower must have a good credit history.

Meaning of Unsecured personal loans & Unsecured personal loans Definition