An unsecured loan is a loan that doesn't require any collateral. It is based only on the borrower's creditworthiness. So if you should default on the loan, the bank has nothing they can go after as repayment. For example they can't come and get your ....

Unsecured loan is a loan you have secured from banks or other finacial institutions without giving them any security.
A good example of unsecured loan is credit cards, personal loans. Few years ago banks in the united kingdom were giving alm ....