auto loan Kelowna British Columbia

July 28, 2022

Unsecured Loan VS Secured Auto Loan Kelowna British Columbia – What’s the Difference?

An unsecured loan does not require collateral. Interest rates are higher compared to secured loans because of the high risk involved on the part of the lender. There is a possibility that the loans they granted may not get paid. If the borrower does not pay, the lender has no assets to take.  This is the reason why the borrower has to pay extra money for the interest. There are several types of unsecured loans. Credit cards and personal loans are a few examples […]