By now, we all are well-aware of the fact that there are multiple varieties of loans in the market, ranging from main categories such personal loans, home loans, business loans, etc. However, within each of these categories is a stark bifurcation between loans as well. A loan is always either a secured loan or an unsecured loan. In our article on the difference between secured loans and unsecured loans, we learned how both these categories are different from each other in terms of amount, tenure, interest, etc.
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