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Types of Loans

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Debt financing can come in many forms: credit cards, hire-purchase and store cards being principal among them. However, probably the biggest form of debt financing is the loan. However, the various different types of loans available can leave those unfamiliar with loans confused. The following is a brief explanation of loans to try to help you here.

LOAN TYPES

Simply put, a loan is something you borrow from someone willing to lend it. However, in the highly regulated world of financial markets, things are not that easy. As a result, “loans” involving money have a variety of names, depending on the intended use of the proceeds (money).
  • secured Loans
  • Unsecured Loans:
  • Personal Loans.
  • Secured Loans.
  • Home owner Loans.
  • Car loans.
  • Bridging loans.
  • Student Loans.
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