An unsecured personal loan is a lending option people can choose when they need emergency funding for just about anything. At MaxLend, we offer unsecured personal installment loans, in which borrowers can obtain up to $3,000 for their personal use and repay it, with interest, in fixed payments until the loan is paid off. You can use unsecured loans for many personal uses; but first, it’s best if you understand this type of money loan.
Secured vs. Unsecured Loans
The biggest difference between secured and unsecured loans is that when someone takes out a secured loan, they’re agreeing to provide the lender some form of collateral that acts as security for the lender, protecting them from loss if the borrower fails to repay the loan. An unsecured loan is not attached to any collateral, as the lender trusts that the borrower will repay their debt based on their creditworthiness or other factors. At MaxLend, our eligibility criteria and loan requirements are minimal, so borrowers with bad credit may still be eligible for a loan with us. One common type of unsecured loan is a personal loan.
What Can a Personal Loan Be Used For?
You can use personal money loans for a variety of things, such as:
Personal loans can help you pay off some of your expenses, such as medical bills. If you’re unable to decrease your medical bills or if you’re unable to pay in installments, an unsecured loan like a personal loan can help you begin paying off your medical debt.
If your homeowner’s insurance does not cover your repair costs, you can borrow money for reasonable fixes.
Personal loans could help pay your pet’s vet bills if you need money right away for something like surgery or medicine.
Obtaining an Unsecured Loan
You may be able to get a personal loan of up to $3,000 in your account from a reputable cash lending company like MaxLend. For more information on how to obtain cash loans online or to find out if you qualify for a MaxLend loan, contact us at 877-936-4336. We’re here 24/7 and more than happy to assist you with the information you need in order to obtain emergency funding today.
The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for information given. All information should be weighed against your own abilities and circumstances and applied accordingly. It is up to readers to determine if this information is safe and suitable for their own situations.
MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Nothing in this website is intended to waive or otherwise prejudice MaxLend’s entitlement to these protections. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.