Unsecured loans generally feature larger interest rates, decrease borrowing boundaries, and shorter repayment terms than secured loans. Lenders could from time to time need a co-signer (a one who agrees to pay a borrower's debt if they default) for unsecured loans Should the lender deems the borrower as dangerous. Disclaimer: https://zionlylxj.bloguerosa.com/27978298/loan-secured-an-overview