Unsecured bank loans typically charge higher interest rates than secured loans.
Not exact matches
Many small business owners looking for
unsecured business
loans or lines of credit
typically don't have the collateral that a
bank may require, such as real estate, inventory, or other hard assets.
Typically, the interest rate on
unsecured debt such as
bank or store credit cards, personal
loans and some lines of credit is much higher than the rate of interest individuals pay on their mortgage.
Rates and fees at credit unions for both secured and
unsecured loans typically are lower than
banks and much lower than online lenders.