![]() While the interest rate on an unsecured personal loan is usually higher than a secured loan, it also offers a little more flexibility and a quicker and easier application and funding process, since you wont need to provide us with details of the asset youre using as security e.g. |
![]() Examples of unsecured debt edit. Types of unsecured debt edit. Corporate unsecured debt - Since this type of debt assumes a greater amount of risk, corporations that have lower bond ratings such as BBB are classified as unsecured debt due to their higher default risk. |
![]() As the risk is higher for the lender, an unsecured personal loan may carry a higher interest rate, shorter loan term, and a lower maximum loan amount than a secured loan. See how unsecured loans differ from secured personal loans. |
![]() Redraw facility against your extra repayments 5. Loans from 2000, 3. Pre-approval valid for 90 days. You can apply for a Unsecured Personal Loan online, over the phone by calling 13 11 82 or by visiting your nearest branch. Going on a holiday or making home improvements? |
![]() However, the application process for an unsecured loan is much faster and the loan itself is more flexible, as you wont be required to provide the lender with information about an asset to secure the loan itself. Why choose a Credit24 unsecured personal loan? |