Unsecured loans frequently have a shorter payment period, are easier to make payments and will be paid off faster. The interest rates on unsecured loans can be a little higher than secured loans because of their shorter payoff period and because they do not require collateral. Unsecured loans can be provided from a wide selection of sources, such as Banks, Building Societies, Finance Companies and a few other types of lending institutions. Some unsecured loans are arranged by a lender who uses a system of credit scoring applications, but most lenders do not require a credit check in order to apply or obtain a loan from them. Unsecured loans with no credit checks will typically range from $100 to $1500.