Collateralised vs. Collateral-free Loans: Grasping the Difference
When applying for a loan, one of the most crucial factors is whether it's collateralised or collateral-free. A collateralised loan demands collateral, which is an asset the lender can seize if you miss payments on the financing. This collateral serves protection for the lender, making secured loans less hazardous. Conversely, an collateral-free loa