Unsecured loans are real. Unsecured loan business is very suitable for people in urgent need of funds because of its advantages of flexible and fast lending, and has achieved rapid development in China in recent years. Because unsecured loans have no collateral, the risks borne by lending institutions are also relatively large. Therefore, the interest rate of unsecured loans is slightly higher than that of mortgage loans. The resulting profits are also relatively rich, so loan companies that provide unsecured loans have blossomed all over the country. However, unsecured loans also have very high requirements for individuals. First of all, their credit history is very important. If it is overdue for many times or more than 60 days, it is a bad credit and cannot apply for an unsecured loan.