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Unsecured Loans are generally those that are not backed by any security though the lending Bank in some cases insist on personal guarantee of a co-obligant, which usually is that of a spouse, or in case of a business, that of a partner.
Unsecured loans generally include Personal Loan, some Business Loans and loans to MSME (Micro, Small & Medium Enterprises), Student Loan and Credit Card Loans.
In case of MSME loans and Business loans, the lending Bank may also insist on hypothecation of assets available or asset created out of the loan proceeds.
Lavish Easy has successfully arranged the following Un Secured loans under Mortgage Loans for its customers:
