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Old 02-08-2018, 01:19 AM
Quikrupee Quikrupee is offline
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Join Date: Oct 2017
Posts: 29
Default Re: What is the Difference between Unsecured and Secured Loans?

Quote:
Originally Posted by jennys View Post
What is the Difference between Unsecured and Secured Loans?
Unsecured Loans basically are given as personal loan and business loan. Unsecured meaning without any actual collateral or security. It is a great useful for various salaried or self-employed person in getting a business loan or personal loan without any security. The rate of interest is usually high and starting from 18% onwards.

Secured loans are provided under any collateral or security like house, plot, jewels, shares and even insurance as a security against their loan amount. The interest rate is much less than unsecured loans.
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