Unsecured Personal Loans UK, USA, Canada

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Unsecured finance of this type generally features higher interest rates than secured finance, due to the fact that no collateral is secured on the borrowed amount. Lenders may also offer ‘repayment holidays’ as part of their unsecured personal loan package and these allow you to take a break from your repayments at the beginning of the loan or at any agreed point during the term.

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