While there are many ways to distinguish different lending products, including how the interest is structured, it’s especially important to know the difference between secured and unsecured personal loans. Whether a loan is secured or unsecured has a great impact on the type of offers a consumer can get, but also weighs heavily on what will occur if they’re unable to repay the loan. 


Secured vs. Unsecured Personal Loans- What’s the Difference?

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Secured vs. Unsecured Personal Loans: What’s the Difference? 

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Secured Loans

Secured Loans let you use assets like your car or home to offset some of the bank's risk, which could unlock better offers. 

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