What is the difference between secured and unsecured loans?

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Secured loans are backed by collateral, while unsecured loans are not, relying on creditworthiness for approval.

Secured loans require collateral (e.g., a house for a mortgage).
Unsecured loans do not require collateral (e.g., personal loans).
Secured loans typically have lower interest rates due to reduced risk for lenders.
Unsecured loans may have higher interest rates as they are riskier for lenders.
Examples of secured loans include auto loans and home equity loans.
Examples of unsecured loans include credit cards and student loans.

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Secured loan gold loan home loan property loan this is the secured loan nd only submit for online documents in loan process this process is unsecured loan

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What is the difference between secured and unsecured loans?

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