Features & Benefits
What is an Unsecured Loan?
An unsecured loan is one that does not require any kind of security. Lenders grant unsecured loans based on a borrower’s creditworthiness rather than the borrower’s assets as collateral.
Because unsecured loans are riskier for lenders than secured loans, they require higher credit ratings to be approved.
Credit cards, student loans, and personal loans are examples of unsecured loans. If a borrower fails on an unsecured loan, the lender may hire a collection agency or take the borrower to court to recover the amount.
How to Apply for Unsecured Loan
Download from Play Store
Just download & install the application from Google Play Store
Register on the Platform
Fill up your work and personal details in the application.
Upload the required documents
Upload a few required documents for identity verification.
Choose from the Loan Options
Choose from the list of loan options provided to you.
Apply for Loan
Apply for your desired loan.
Receive Funds in Bank
The loan amount will be sent to your bank account within few hours.
An unsecured loan is a type of loan that allows you to borrow money for a variety of purposes. . There are many reputable and trustworthy loan companies that offer unsecured loans online such as SmartCoin Financials Private Limited.
When you take out an online unsecured loan, you are given a certain sum of money at a fixed interest rate and can repay it for a set period of time, much as every other loan. However, there are a few features of an unsecured loan that can make it more beneficial than other types of loans, such as:
It does not bind the applicant’s properties in any way. unsecured Loans, unlike Home or Car Loans, which are secured by the asset against which the loan is sought, offer cash advances for your needs without including any collateral.
If you need a large amount of money for personal reasons, you can take out an unsecured loan. It can be for a medical/social emergency, lifestyle needs like home repairs/renovation, or even to consolidate current debts.
Unsecured Loan Interest Rates
At SmartCoin, we bring you the best personal loan rates based on your individual and financial profile as well as your requirement. You can avail of loans up to Rs 1,00,000 to meet your financial requirement. We value your expectations and budget, that’s why we will quote a suitable rate of interest that you can afford.
Please do note that the exact interest rate applicable to you would also depend on the loan tenure you select and the loan amount requested.