Monday, November 3, 2008
What is an Unsecured Loan?
An unsecured loan is a personal loan where the lender has no claim on a homeowner's property should they fail to repay. Instead the lender is relying solely on the ability of a borrower to meet their loan borrowing repayments.The amount you are able to borrow can start from as little as 500 and go up to 25000. Because you not securing the money you are borrowing lenders tend to limit the value of unsecured loans to 25000.
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