Unsecured loans

gilbertimlay · #1 (**permalink**) 12-24-2007, 09:31 AM

G'day friends,
If anyone having the knowledge about unsecured loan. then tell me.

Thnx

deelip · #2 (**permalink**) 12-28-2007, 05:04 AM

Unsecured loan doesn't need anything against your loan.Its given to you looking at your salary and other things. Unlike secured loans which needs properties so they can be sure they will get their money back.

michelrobinson · #3 (**permalink**) 01-07-2008, 06:48 AM

Unsecured loans,you can borrow money without the risk of your personal assets being up for repossession should it all go wrong.

gilbertimlay · #4 (**permalink**) 01-24-2008, 06:36 AM

G'day toEveryone,

I am Thankful to both (Michelrobinson and deelip) to sharing the information about unsecured loans.

thnx

kenneth.robert · #5 (**permalink**) 01-28-2008, 04:26 AM

Hi,
Loans without any collateral and are based entirely on the character and capacity of the borrower to repay.

Misch.Chief · #6 (**permalink**) 04-17-2008, 01:49 PM

They are low risk for the borrower and are based on your situation, but what the rates are like in comparison I am not sure...

jonny0000 · #7 (**permalink**) 04-30-2008, 10:41 AM

Without the loan being asset backed you may also find higher interest rates on the repayable sum

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Misch.Chief · #9 (**permalink**) 05-12-2008, 02:53 PM

Well simply it means being able to get a loan without any collateral. Usually though it means you will have to pay riducously higher amounts of interest, which isnt so good!

sahilmiddha · #10 (**permalink**) 05-23-2008, 06:21 AM

Unsecured loan doesn't need anything against your loan.Its given to you loan looking at your salary and other things.

firstchoiceloan · #11 (**permalink**) 06-02-2008, 12:26 PM

Well, Unsecured Loans is the one of the best option for those people who have nothing to give for security. You no need to give any kin of security for that loans it's a advantage of that loans and it have one for the disadvantage it have taken little bit high interest rate compare with secured loans.