Question

FOR A MEDAL
How does a secured loan differ from an unsecured loan?

A secured loan does not require a deposit, while an unsecured loan requires a deposit.

A secured loan has no balance limit but must be repaid in full within a certain time.

A secured loan requires a deposit, while an unsecured loan does not require a deposit.

An unsecured loan has no balance limit and no specific time by which it must be repaid.

Answer 1

Any ideas?

Answer 2

A secured loan requires a deposit, while an unsecured loan does not require a deposit.
Normally with a secured loan if you don't have a deposit to use, you'd simply put up your car, house, valuable items etc. The 3rd ones seem the most appropriate.