The Unsecured Personal Loan

I know of so many loans, cash advance loans, payday loans, housing loans, car loans and personal loans, to name a few but what are these Unsecured Personal Loans? At first, it appeared to me that is some kind of negative thing in terms of loan “unsecured” being the operative word. So I did some Googleing and found out that Unsecured Personal Loans are personal loans that do not require collateral, charges no application fee and without any hidden charges. In addition, these types of loan have faster approval period