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Glossary of terms

Find out the meaning of those technical terms. Click the letter that the word begins with.

A B C D E F I L M N O P R S T U V W Y

An unsecured loan does not require any security, there will be other ways in which the lender will require the borrower to prove that they can meet the loan repayments proof of earnings etc. The lender will deem an unsecured loan to be riskier and in turn will tend to offer a higher interest rate to the borrower.