How does the interest rate for a loan with collateral compare to an unsecured loan?

Generally, loans with collateral have lower interest rates than unsecured loans because the lender has a guarantee that they can recover their money through the sale of the collateral if the borrower defaults on the loan. This reduced risk for the lender translates to lower interest rates for the borrower. However, the exact interest rate will depend on a variety of factors, including the type and value of the collateral, the borrower's creditworthiness, and the lender's policies.