An unsecured loan is a loan which does not have any collateral in place, such as land or apartment, and is solely based on a borrower’s credit history and potential ability to repay. Secured loans have assets as collateral so that if a borrower cannot repay the loan, Estateguru's security agent will start the asset sales process. Hereby, the risk of losing the money lent to the borrower is minimized.
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More about real estate collaterals can be found in Estateguru's blog via the link