
Financial institution offer two types of loans in the categories of secured and none secured. The non secured loans have no collateral offered on them whereas the secured loans are given against some form of collateral. The collateral offered against a loan acts as its security in case of inability to repay the loan sum loaned to an applicant. Most of the unsecured loans may be offered by an institution based on the good credit history of the applicant and especially against a pay slip. So if you want to go in for a secured loan the interest rates are lower, but if you want to go in for an unsecured loan then naturally the rates will be higher and hence you should decide what is the best option for you. Once you make up your mind then things will be much easier. Keep in mind all the pros and cons of each, once you do that then you can decide the best option for your needs. So for your needs go in for piggy guarantor loans and you can get things done in quick time. Continue reading “The type of loans offered by piggy guarantor”