When you apply for a secured loan, you can expect to receive a loan of any amount, although the same does not apply with unsecured loans. According to the IPTO, you can receive varied amounts when it comes to unsecured loans, depending on your annual income. For those who earn less than $20,000 a year, the loan amount is a maximum of $3,000. On the other hand, those who have an annual salary of $20,000 or more can obtain as much as their 2 months’ worth of income. Lastly, individuals who have a yearly income of $120,000 or higher can receive any amount.

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