Unsecured loans + unsecured personal loans- Favourites among the borrowers

Summary- Most borrowers in UK prefer paying higher interest rate on unsecured loans than risking their home or any other fixed asset. When the monetary requirement is short- term, immediate and not too hefty, borrowers opt for unsecured personal loans. In the last two years, the percentage of unsecured loan takers has increased considerably in the UK loan market. Not only the tenants, most homeowners also prefer taking loans without pledging any asset, especially the home, as security to the lender. The risk of repossession of home plays heavy on the minds of the borrowers, when they weigh different loan options. Unsecured loans are masters in luring customers because of the features cited below: Available f View the rest of this article