Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
An unsecured loan is granted without collateral, based mainly on the borrower’s income, credit score, and repayment history, carrying higher interest rates.
A loan with no asset pledged — approval depends purely on your income and credit score.
Includes personal loans and most credit cards; lenders price in higher default risk with higher rates and shorter tenures compared to secured loans.
A personal loan of ₹5 lakh at 13% interest is unsecured, relying solely on the borrower’s CIBIL score and salary.
A loan with no asset pledged — approval depends purely on your income and credit score.
Unsecured Loan helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.