Unsecured Credit Facility
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What is Unsecured Credit Facility?
An Unsecured Credit Facility is a type of loan or line of credit that does not require collateral. Instead, it is granted based on the borrower's creditworthiness, financial history, and ability to repay.
There is no asset backing the loan, so lenders will typically charge higher interest rates and may impose stricter eligibility criteria.
It is commonly used by businesses and individuals for working capital, expansion, or other financial needs.
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