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What are Unsecured Loans?
Unsecured loans are financial merchandise that do not require the borrower to provide any collateral. This differentiates them from secured loans, where the borrower should pledge an asset, such as a house or automobile, to acquire the loan. Because there is not any collateral concerned, unsecured loans tend to have larger rates of interest, reflecting the lender’s increased risk. They can be used for a wide selection of functions, including private bills, academic wants, or sudden monetary emergenc
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