What is another word for UNSECURED LOAN?

Pronunciation: [ʌnsɪkjˈʊ͡əd lˈə͡ʊn] (IPA)

An unsecured loan is a type of loan that does not require collateral to be attached to the borrower's property or assets. It is often referred to as a personal loan or a signature loan. Other synonyms for an unsecured loan include an uncollateralized loan, a non-secured loan, or a signature loan. These types of loans are often used for purposes such as debt consolidation, home improvements, or other large purchases. While unsecured loans may be easier to obtain than secured loans, they often come with higher interest rates and stricter repayment terms. Borrowers should carefully consider their financial situation before taking out an unsecured loan.

Synonyms for Unsecured loan:

What are the hypernyms for Unsecured loan?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Related words: unsecured loan bad credit, unsecured loan requirements, bad credit unsecured loan rates, unsecured loans for people with no credit, unsecured loan scams, unsecured loans for bad credit, unsecured loan calculator

Related questions:

  • What is an unsecured loan?
  • Word of the Day

    Pyrrolidonecarboxylic Acid
    Pyrrolidonecarboxylic acid, commonly known as PCA, is a chemical compound frequently utilized in various industries. However, it is beneficial to be aware of alternative names or s...