MLR3C2129 - Legislation: Unsecured Loans
Unsecured loans are loans that do not have any form of security. Interest rates are therefore very high. The ML risk is that the customer defaults on the loan and interest repayments.
Unsecured loans are loans that do not have any form of security. Interest rates are therefore very high. The ML risk is that the customer defaults on the loan and interest repayments.