answersLogoWhite

0

A personal loan is an example of an unsecured loan, as it does not require collateral to secure the loan.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

What types of unsecured loans are the safest?

Unsecured loans are best used for small purchases. It is unwise to take a large unsecured loan due to the fact that more will be confiscated to pay it back.


What are the different types of unsecured loans available in the market?

The different types of unsecured loans available in the market include personal loans, credit cards, student loans, and lines of credit. These loans do not require collateral and are based on the borrower's creditworthiness.


What core differences are there between a secured and unsecured loan?

Secured and unsecured are the two main types of loans. Secured loans require the borrower to give some form of security to the lender, like a home or car. Unsecured loans do not require any kind of collateral.


Which of the following is considered a skill?

lisa learns how to set-up different types of networks


What are some examples of unsecured credit?

Examples of unsecured credit include credit cards, personal loans, and student loans. These types of credit do not require collateral, such as a house or car, to secure the loan.


Which of the following types of galaxy is the Milky Way an example an example of?

Please don't write "the following" if you don't provide a list - it just doesn't make sense.The Milky Way is a spiral galaxy.


What are some examples of unsecured debt?

Examples of unsecured debt include credit card debt, personal loans, medical bills, and student loans. These types of debt do not require collateral and are typically based on the borrower's creditworthiness.


What are the different types of unsecured business loans available for small businesses?

The different types of unsecured business loans available for small businesses include lines of credit, term loans, and business credit cards. These loans do not require collateral but may have higher interest rates compared to secured loans.


What range of unsecured loans are there?

Unsecured loans do not require any security to get. There are many different types out there including guarantor loans, installment loans, and payday loans. There are also conventional low rate bank or supermarket personal loans.


Need help locating an example of the following types of poems in the Crossover story:List PoemTwo word poemUnrhymed couplet?

Sorry


Which of the following account types is considered a transaction account under the Expedited Funds Availability Act?

Checking or Share Draft Account


What are some examples of unsecured credit options available to consumers?

Some examples of unsecured credit options available to consumers include credit cards, personal loans, and lines of credit. These types of credit do not require collateral and are based on the borrower's creditworthiness.