{"id":26,"date":"2018-12-03T07:59:02","date_gmt":"2018-12-03T07:59:02","guid":{"rendered":"http:\/\/www.eduloans.org\/blogs\/?p=26"},"modified":"2024-08-11T13:42:22","modified_gmt":"2024-08-11T13:42:22","slug":"is-unsecured-loan-really-without-security","status":"publish","type":"post","link":"https:\/\/www.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/","title":{"rendered":"Is Unsecured Loan really Without Security ?"},"content":{"rendered":"<p align=\"justify\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-22\" src=\"http:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2018\/12\/Blog12-UnsecLoanWithoutSec.png\" alt=\"\" width=\"642\" height=\"428\" \/><\/p>\n<p class=\"western\" align=\"justify\">In case you are thinking that an unsecured loan is actually unsecured is misnomer. I would like you to understand that all financial institutions make you and your guarantor sign a personal guarantee. A personal guarantee is an intangible security but is definitely a security against the non-repayment of the loan. A personal Guarantee is an individual\u2019s legal promise to repay the loan issued to the student for which they serve as an guarantor. Providing a personal guarantee means that if the student becomes unable to repay a debt then the guarantor is personally responsible. The personal guarantee provides an extra level of protection to financial institutions, who want to make sure they will be repaid. Once the guarantee is provided the financial institution can go after the guarantor\u2019s assets such as attaching Bank Accounts, Investments and making him a defaulter. In case he is categorized as a defaulter he would never be able to take any loan in the financial system.<\/p>\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.eduloans.org\/user\/register\" style=\"background-color:#ff9900\" target=\"_blank\" rel=\"noreferrer noopener\">Contact Us<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In case you are thinking that an unsecured loan is actually unsecured is misnomer. I would like you to understand&hellip; <\/p>\n","protected":false},"author":1,"featured_media":22,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,3,5,8,2,9],"tags":[],"class_list":["post-26","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-collateral-loan","category-education-loan","category-non-collateral-loan","category-secure-loan","category-student-loan","category-unsecured-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Unsecured Loan really Without Security ? - Education Loans Blog - Empowering Dreams<\/title>\n<meta name=\"description\" content=\"Description Here...!!!\" \/>\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.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Unsecured Loan really Without Security ?\" \/>\n<meta property=\"og:description\" content=\"Description Here...!!!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/\" \/>\n<meta property=\"og:site_name\" content=\"Education Loans Blog - Empowering Dreams\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Eduloanslive\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-03T07:59:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-11T13:42:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2018\/12\/Blog12-UnsecLoanWithoutSec.png\" \/>\n\t<meta property=\"og:image:width\" content=\"642\" \/>\n\t<meta property=\"og:image:height\" content=\"428\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sudhir Kanojia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Live59003833\" \/>\n<meta name=\"twitter:site\" content=\"@Live59003833\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sudhir Kanojia\" \/>\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.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/\"},\"author\":{\"name\":\"Sudhir Kanojia\",\"@id\":\"https:\/\/www.eduloans.org\/blogs\/#\/schema\/person\/e37005c28d33bb2213aac0ffe3299ed9\"},\"headline\":\"Is Unsecured Loan really Without Security ?\",\"datePublished\":\"2018-12-03T07:59:02+00:00\",\"dateModified\":\"2024-08-11T13:42:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/\"},\"wordCount\":172,\"publisher\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2018\/12\/Blog12-UnsecLoanWithoutSec.png\",\"articleSection\":[\"Collateral Loan\",\"Education Loan\",\"Non Collateral Loan\",\"Secure Loan\",\"Student Loan\",\"Unsecured Loan\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/\",\"url\":\"https:\/\/www.eduloans.org\/blogs\/is-unsecured-loan-really-without-security\/\",\"name\":\"Is Unsecured Loan really Without Security ? 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