https://daltonspence.substack.com/p/how-can-a-personal-loan-act-as-lightning

Let’s start with the first one. Unsecured loans are short-term credits that are offered without collateral from the borrower. In other words, you don’t have to guarantee the credit with a property, car, land bond, or any other valuable. There is no direct risk to your assets, at least not until debt enforcement gets into play. Unsecured loans can be used for everything from debt consolidation to the purchase of personal goods. They are straightforward credit packages with not much paperwork involved, and technically they are available to all SG citizens with an annual wage above $10,000. Plus, the maximum personal loan interest rate is capped by law.