Hello! Secured and unsecured personal loans have different characteristics. A secured loan requires collateral, such as a home or car, to secure the debt. Secured loans typically offer lower interest rates and higher borrowing limits, making them suitable for larger expenses such as buying a home. From personal experience, I have found that secured loans can be beneficial if you have valuable collateral and need a significant amount of money at lower
lendmark interest rates , however they carry the risk of losing your asset if you fail to make payments. Unsecured loans are suitable if you don't want to risk your assets but can handle higher interest rates.