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An unsecured loan is a loan supported by your creditworthiness rather than collateral, such as property or a cash deposit. Unsecured loans are sometimes known as signature or good faith loans because only your signature confirms your promise to repay the loan. Credit cards, personal loans and student loans are all examples of unsecured loans.You have many options when you need an unsecured loan, and the one you choose depends mostly on how you're planning to use the funds.