Unsecured loans are those loans which are issued by the lender on the credit rating and creditworthiness of the borrower. Here, the borrower is not obliged to pledge his assets as collateral security. He guarantees to repay the loan without any defaults ...
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Written by admin on March 18th, 2011
Written by admin on March 17th, 2011
A loan which is granted to the borrower without using collateral is called a personal loan. Here the individuals promise to pay and his credit worthiness plays an important role rather than the pledged asset. It is the loan that is given ...
