When you're in urgent need of funds, a personal loan can be your financial lifesaver. But did you know there are two major types of personal loans—secured and unsecured? Knowing the difference can help you choose the right one for your needs.
At Fundcera, our experienced loan consultant simplify this decision by helping you understand loan types, interest rates, and eligibility—so you can borrow smartly.
What is a Secured Personal Loan?
A secured loan requires you to pledge collateral—like property, gold, or a fixed deposit. Because the risk is lower for the lender, you may get:
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Lower interest rates
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Higher loan amounts
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Longer repayment tenures
Best for: People with assets who want better rates or larger loans.
What is an Unsecured Personal Loan?
An unsecured loan doesn’t require any security. Approval depends on your credit score, income, and repayment history.
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No collateral needed
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Faster processing
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Slightly higher interest rates
Best for: Salaried or self-employed individuals with good credit.
Why Take Help from Fundcera?
Whether you choose a secured or unsecured personal loan, Fundcera ensures:
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Access to low personal loan interest rates
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Comparison of multiple banks and NBFCs
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Assistance with paperwork & approval process
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Personalized advice from expert loan consultants
Final Thoughts:
Not every loan is right for every borrower. Let Fundcera's loan consultants help you find the perfect personal loan—secured or unsecured—based on your profile and goals.
