Money unsecured loans are loans that are not secured against assets of the borrower. This may be available from financial institutions in various forms or marketing packages:
* The credit card debt
* Personal loans
Bank overdrafts *
* Credit facilities or credit lines
* Corporate Bonds
Interest rates applicable to these different forms may vary depending on the lender and borrower. This may or may not by law. In the United Kingdom, when applied to individuals under the Act in May 1974 on consumer credit.
