Almost any type of a loan falls into 2 main characteristics – a secured or unsecured one. Both of those loan categories have several major and minor distinctions every consumer should know about before making his final decision. So, if you wonder about the difference between secured and unsecured loan, look right below in the table.

Secured Personal Loans

Why a Secured Personal Loan?

In case the consumer owns assets, which can be either your house, property, car or even a savings account, your online loan provider would use them as a collateral for securing your personal loan. The lender will be “holding” the collateral until all of the payments are paid in full, the interest rate and all other fees included. Online secured loans via PersonalMoneyService will give you a chance to satisfy any of your financial needs.

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Unsecured Personal Loans

Why an Unsecured Personal Loan?

Opposite to secured loans, a small unsecured personal loan offers much higher interest rates and stricter requirements. This is because lenders put themselves in a little more risk than they would by having your assets as a collateral in a secured loan. But our company made this type of loans real even for people with bad creditworthiness. Poor score is no longer a problem with Personal Money Service loan matching company!

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It is a perfect fit if:

An online secured loan is actually perfect for customers who want to borrow a large amount of money. Nevertheless, the purpose of obtaining one does not matter: you can apply for a mortgage and buy a new house or take out an auto loan and buy a car. Our company does everything to make the process of issuing online secured loans easier and faster so that every consumer can make his desirable purchase in a matter of several days. Our company’s requirements for obtaining a personal secured loan are very flexible so that even people with not so good credit scores have high chances to be approved.

It is a perfect fit if:

Certainly, unsecured loans are perfect for responsible credit card holders and anyone having a high credit rating. It’s also the only option for people who don’t own a property or any other valuable assets that would help them receive a secured type of a loan online. Just so that you know, Personal Money Service prefers keeping everything simpler than in banks. Approvals are based not on your credit score but rather on your steady income, so that you will be able to pay the unsecured online loan back to the lender in time. Just go ahead and try it for yourself! Everything is so simple.


Secured loans typically offer lower interest rates, bigger sums of money you can borrow, longer repayment period and regular monthly payments that make it easier for customers to keep track of their loan situation. The main benefit, however, is that lenders won’t demand high credit scores from their candidates.


Unsecured loans are available for both homeowners and those who do not have their own property. Besides, you do not put any risk on your assets. In addition, if you apply for an unsecured loan at PersonalMoneyService Company, you will save time on the application process and maintain higher chances to get approved.


Both secured and unsecured types of loans have their own up- and downsides. Everything depends on your own financial situation and the ability to either pledge your assets or not.