Unsecured Loans are loans which are not secured on your home. They are a good option for tenants or those with negative equity, but they are usually more expensive than secured loans, and can be more difficult to get. Unsecured loans tend to have stricter credit scoring requirements than secured, as they represent a higher risk to the lenders.

An unsecured loan means you don't have to offer any collateral, like a car or your house, to guarantee the loan.

Loans made without any collateral.