If you are in need of cash to fund a project or deal with an emergency, you may be considering taking out a personal loan. However, before you apply for a loan, it is important to understand the different types of loans available and whether they are secured or unsecured. One common question that people have is whether a personal loan is a secured loan.
Understanding Personal Loans:
A personal loan is a type of loan that is issued to an individual rather than a business.