Difference between secured and unsecured loans
There are two categories under which all loans are classified. They are the secured loans and unsecured loans. While the secured loans ask for collateral, the unsecured loans do not ask the borrower to pledge any collateral. There are certain other key differences between the secured and the unsecured loans. Click here to know more about them. Key differences between secured and unsecured loans Collateral – As stated, collateral plays