Question

What is an unsecured loan?

A. a loan where the borrower offers collateral for a loan.

B. a loan where no collateral is needed.

C. a low interest loan.

D. a loan that can be approved quickly.

Answer 1

B. a loan where no collateral is needed.

Step-by-step explanation:

Person above is correct.

Answer 2

A loan which requires no collatoral and high credit ratings. B is the answer.