Uncollateralized Loans

Also known as unsecured loans, are loans that do not require the borrower to pledge any assets (collateral) as security. Instead, lenders rely on the borrower's creditworthiness, income, or reputation to assess their ability to repay the loan.

What You Need To Know

While they come with higher risks and costs compared to secured loans, innovations in blockchain technology and decentralized identity solutions are paving the way for more secure and inclusive models of uncollateralized lending worldwide.