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unsecured loan

American

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

noun

Finance.

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.

Etymology

Origin of unsecured loan

First recorded in 1905–10

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

It maintained the secured and unsecured loan rates at 2.375% and 4.250%, respectively.

From The Wall Street Journal • Dec. 18, 2025

Another unsecured loan for $600 million was granted at such a low interest rate that it makes sense for Alaska to keep it on the books.

From Seattle Times • Mar. 29, 2024

Subject to approval by the FCA in the next fortnight, the second tranche of a personal, unsecured loan of £1m from Graves will be advanced to the club.

From BBC • Feb. 2, 2024

Palatine, Illinois-based Weber said that as part of the deal, funds managed by BDT will provide the grill maker with an unsecured loan of additional $350 million.

From Reuters • Dec. 12, 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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023