What's the difference between a secured and unsecured personal loan with RAC Finance?

A secured personal loan is a loan that has an asset offered by the borrower as security over the loan. If you're looking at buying something like a car, you can consider a secured personal loan. An unsecured personal loan is a loan which has no asset held as security. You are required to be a home/land owner or buyer in WA to apply for an unsecured loan. Lending criteria will apply.  
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