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We offer a number of types of loans, specifically a selection of unsecured loans, to get you out of difficult financial situations. While the difference between secured and unsecured loans is slight on paper, this difference is the bridge between getting a tricky financial situation and getting your financial freedom back!
A secured loan is a loan which is backed by assets belonging to the borrower in order to decrease the risk assumed by the lender. The assets may be forfeited to the lender if the borrower fails to make the necessary payments. The item purchased, such as a home or a car, can be used as collateral, and a loan can be placed on such purchases. The finance company or bank will hold the deed or title until the loan has been paid in full, including interest and all applicable fees. Other items such as stocks, bonds, or personal property can be put up to secure a loan as well.
Please Note: EC Loans does not offer secure loans. If you are interested in applying for a secure loans visit our partner EC Online Loans.
Unsecured loans are monetary loans that are not secured against the borrower’s assets. We offer a series of cash loans for many different situations where an unsecured loan is required. Find out more about the cash loans we have on offer:
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