unsecured loan

American  

[uhn-si-kyoord lohn] / ˌʌn sɪˈkyʊərd ˈloʊn /

noun

Finance.

1. a loan that is supported only by the borrower’s creditworthiness and income and does not require the borrower to put up collateral, as a home or vehicle, to back up the loan. A personal loan made to someone is usually an unsecured loan.

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Etymology

Origin of unsecured loan

First recorded in 1905–10

Example Sentences

The Indian bank sees further improvement in its unsecured loan segment and 2H FY 2025 is seasonally better for its secured loan segment.

From The Wall Street Journal • Oct. 20, 2025

Amazon.com Inc said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan.

From Reuters • Jan. 4, 2023

Mr Holch Polvsen's business Wildland Limited, a land conservation and tourism business which manages three Highland estates, provided the museum's directors with an interest-free unsecured loan of more than £600,000.

From BBC • Sep. 30, 2022

A home improvement loan is an unsecured loan provided by a lender that would allow you to finance major repairs and pay it back on an installment plan.

From Slate • Jul. 2, 2022

If you prefer, you may regard this amount as an unsecured loan and repay it with current interest on opportunity.

From Lorimer of the Northwest by Dewey, Alfred James