{"id":37708,"date":"2022-05-02T07:22:00","date_gmt":"2022-05-02T07:22:00","guid":{"rendered":"https:\/\/www.quickcashloans.net.au\/?p=37708"},"modified":"2022-05-02T07:23:29","modified_gmt":"2022-05-02T07:23:29","slug":"difference-between-secured-unsecured-loans","status":"publish","type":"post","link":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/","title":{"rendered":"Difference Between Secured &#038; Unsecured Loans"},"content":{"rendered":"\n<p>You may be wondering what the difference between secured and unsecured loans is. Why is a loan categorized into these two types? Which one of these is suitable for your financial needs? Here are the key differences between the two:<\/p>\n\n\n\n<p><strong>Secured Loan<\/strong><\/p>\n\n\n\n<p>The type of loan in which any kind of your financial asset is kept as collateral is known as a secured loan. Mortgages are the most common types of secured loans. The sole purpose of collateral is to ensure that the lender can recover his money from the collateral if the applicant fails to make timely payments.<\/p>\n\n\n\n<p><strong>Unsecured Loan<\/strong><\/p>\n\n\n\n<p>Contrary to the collateral nature of secured loans, an unsecured loan does not require any collateral on the loan. Student loans and personal loans fall into the category of unsecured loans. The major factors assessed during the approval process of unsecured loans are credit score and your history with previous loans.<\/p>\n\n\n\n<p><strong>Which One is Better?<\/strong><\/p>\n\n\n\n<p>Although secured loans come with low interest rates and higher borrowing limits, still you cannot label them preferable over unsecured loans. Both of these types have advantages. It depends upon your personal needs and financial goals, which one suits you the best. Apply for your next loan on <strong><a href=\"http:\/\/www.flashmoney.com.au\">Quick Cash Loans<\/a><\/strong> to get the best loan packages.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may be wondering what the difference between secured and unsecured loans is. Why is a loan categorized into these two types? Which one of these is suitable for your financial needs? Here are the key differences between the two: Secured Loan The type of loan in which any kind of your financial asset is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9,8,12,10,11,7],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Difference Between Secured &amp; Unsecured Loans - Quick Cash Loans<\/title>\n<meta name=\"description\" content=\"Apply for fast money Loans today. Flash Money could provide you with a same day loan from $500 to $5,000. Submit an online application in minutes! Quick Cash Loans are available.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Difference Between Secured &amp; Unsecured Loans - Quick Cash Loans\" \/>\n<meta property=\"og:description\" content=\"Apply for fast money Loans today. Flash Money could provide you with a same day loan from $500 to $5,000. Submit an online application in minutes! Quick Cash Loans are available.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Quick Cash Loans\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-02T07:22:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-02T07:23:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1568\" \/>\n\t<meta property=\"og:image:height\" content=\"1045\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/#\/schema\/person\/89bf72a105ae3bc8cf2470658665bf73\"},\"headline\":\"Difference Between Secured &#038; Unsecured Loans\",\"datePublished\":\"2022-05-02T07:22:00+00:00\",\"dateModified\":\"2022-05-02T07:23:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/\"},\"wordCount\":218,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg\",\"keywords\":[\"borrow $600\",\"need $500 urgently\",\"need fast loan now\",\"need quick cash\",\"need quick cash now\",\"quick cash loan\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/\",\"url\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/\",\"name\":\"Difference Between Secured & Unsecured Loans - Quick Cash Loans\",\"isPartOf\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg\",\"datePublished\":\"2022-05-02T07:22:00+00:00\",\"dateModified\":\"2022-05-02T07:23:29+00:00\",\"description\":\"Apply for fast money Loans today. Flash Money could provide you with a same day loan from $500 to $5,000. Submit an online application in minutes! Quick Cash Loans are available.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#primaryimage\",\"url\":\"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg\",\"contentUrl\":\"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg\",\"width\":1568,\"height\":1045},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.quickcashloans.net.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Difference Between Secured &#038; Unsecured Loans\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/#website\",\"url\":\"https:\/\/www.quickcashloans.net.au\/\",\"name\":\"Quick Cash Loans\",\"description\":\" instant cash loans - flash money\",\"publisher\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.quickcashloans.net.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/#organization\",\"name\":\"Quick Cash Loan- Flash Money\",\"url\":\"https:\/\/www.quickcashloans.net.au\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/04\/QuickCashLoans.png\",\"contentUrl\":\"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/04\/QuickCashLoans.png\",\"width\":200,\"height\":200,\"caption\":\"Quick Cash Loan- Flash Money\"},\"image\":{\"@id\":\"https:\/\/www.quickcashloans.net.au\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/#\/schema\/person\/89bf72a105ae3bc8cf2470658665bf73\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.quickcashloans.net.au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/266586d7ccc3d75fa62a4607271793d3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/266586d7ccc3d75fa62a4607271793d3?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/www.quickcashloans.net.au\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Difference Between Secured & Unsecured Loans - Quick Cash Loans","description":"Apply for fast money Loans today. Flash Money could provide you with a same day loan from $500 to $5,000. Submit an online application in minutes! Quick Cash Loans are available.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/","og_locale":"en_US","og_type":"article","og_title":"Difference Between Secured & Unsecured Loans - Quick Cash Loans","og_description":"Apply for fast money Loans today. Flash Money could provide you with a same day loan from $500 to $5,000. Submit an online application in minutes! Quick Cash Loans are available.","og_url":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/","og_site_name":"Quick Cash Loans","article_published_time":"2022-05-02T07:22:00+00:00","article_modified_time":"2022-05-02T07:23:29+00:00","og_image":[{"width":1568,"height":1045,"url":"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#article","isPartOf":{"@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/"},"author":{"name":"admin","@id":"https:\/\/www.quickcashloans.net.au\/#\/schema\/person\/89bf72a105ae3bc8cf2470658665bf73"},"headline":"Difference Between Secured &#038; Unsecured Loans","datePublished":"2022-05-02T07:22:00+00:00","dateModified":"2022-05-02T07:23:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/"},"wordCount":218,"commentCount":0,"publisher":{"@id":"https:\/\/www.quickcashloans.net.au\/#organization"},"image":{"@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg","keywords":["borrow $600","need $500 urgently","need fast loan now","need quick cash","need quick cash now","quick cash loan"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/","url":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/","name":"Difference Between Secured & Unsecured Loans - Quick Cash Loans","isPartOf":{"@id":"https:\/\/www.quickcashloans.net.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#primaryimage"},"image":{"@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg","datePublished":"2022-05-02T07:22:00+00:00","dateModified":"2022-05-02T07:23:29+00:00","description":"Apply for fast money Loans today. Flash Money could provide you with a same day loan from $500 to $5,000. Submit an online application in minutes! Quick Cash Loans are available.","breadcrumb":{"@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#primaryimage","url":"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg","contentUrl":"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/03\/blog-img3.jpg","width":1568,"height":1045},{"@type":"BreadcrumbList","@id":"https:\/\/www.quickcashloans.net.au\/difference-between-secured-unsecured-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.quickcashloans.net.au\/"},{"@type":"ListItem","position":2,"name":"Difference Between Secured &#038; Unsecured Loans"}]},{"@type":"WebSite","@id":"https:\/\/www.quickcashloans.net.au\/#website","url":"https:\/\/www.quickcashloans.net.au\/","name":"Quick Cash Loans","description":" instant cash loans - flash money","publisher":{"@id":"https:\/\/www.quickcashloans.net.au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.quickcashloans.net.au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.quickcashloans.net.au\/#organization","name":"Quick Cash Loan- Flash Money","url":"https:\/\/www.quickcashloans.net.au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.quickcashloans.net.au\/#\/schema\/logo\/image\/","url":"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/04\/QuickCashLoans.png","contentUrl":"https:\/\/www.quickcashloans.net.au\/wp-content\/uploads\/sites\/37\/2022\/04\/QuickCashLoans.png","width":200,"height":200,"caption":"Quick Cash Loan- Flash Money"},"image":{"@id":"https:\/\/www.quickcashloans.net.au\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.quickcashloans.net.au\/#\/schema\/person\/89bf72a105ae3bc8cf2470658665bf73","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.quickcashloans.net.au\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/266586d7ccc3d75fa62a4607271793d3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/266586d7ccc3d75fa62a4607271793d3?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/www.quickcashloans.net.au\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/posts\/37708"}],"collection":[{"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/comments?post=37708"}],"version-history":[{"count":2,"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/posts\/37708\/revisions"}],"predecessor-version":[{"id":37712,"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/posts\/37708\/revisions\/37712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/media\/37587"}],"wp:attachment":[{"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/media?parent=37708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/categories?post=37708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quickcashloans.net.au\/wp-json\/wp\/v2\/tags?post=37708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}