UNSECURED LOAN FROM ABROAD
An overseas loan with no collateral is defined as a specific funding facility granted through a bank or a financial lender abroad who doesn’t require any guarantee in order to secure the financing.
The unsecured loan from abroad (also called unsecured international loan) has the objective for any lender to take a clean risk when providing for funds to a borrower who cannot afford to present any financial guarantee.
Where can I find an overseas loan without collateral ?
Overseas loans without collateral do exist, but they’re more limited compared to secured loans, since lenders take on higher risk. Here’s where you might find them:
🌐 1. International Online Lenders
Some fintech platforms and international loan providers offer unsecured personal or business loans to foreigners without requiring collateral, but usually with higher interest rates. Examples include:
- Lendermarket (European P2P loan marketplace)
- Mintos (international loan marketplace where investors fund unsecured loans)
- Kiva (non-profit microloans funded by global lenders, no collateral required)
💼 2. Peer-to-Peer (P2P) Lending Platforms
P2P platforms connect you directly with investors willing to lend across borders, often without security. Popular international platforms include:
- Zidisha (direct global P2P lending, no collateral required)
- Lendwithcare (international P2P microloans, focused on entrepreneurs)
🏦 3. International Banks and Financial Institutions
Some global banks occasionally provide unsecured personal loans to foreigners, but this is usually limited to clients with good credit history and existing banking relationships.