tata capital

Finance/Money

Secured vs Unsecured Personal Loans: Understanding the Key Differences

A personal loan helps individuals manage financial needs such as travel, education, or medical expenses. These loans are available in two categories, secured and unsecured. Each type follows a different process and requirement structure. Choosing between them depends on a borrower’s financial situation, assets, and repayment capacity. Before applying, it is important to understand how each loan type works. This…