The main distinction between an unsecured and secured bank loan is that an unsecured 1 doesn’t require you To place up any collateral. That’s the good news. The terrible news is that because the financial loan is “unsecured” (no collateral), the lender is taking a bigger hazard on you, https://financefeeds.com/iosco-publishes-2025-work-program-and-report-on-ai/