Mathematics - Types of Loans

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Last updated 7:59 PM on 12/15/22
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9 Terms

1
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Debt Consolidation Loans
meant to simplify your finances.
2
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Student Loans
offered to college students and their families.
3
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Mortgages
distributed by banks to allow consumers to buy homes.
4
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Auto Loans
help you afford a vehicle.
5
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Personal Loans
used for any personal expenses.
6
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Payday Loans
short term, high interest loans designed to bridge the gap from one paycheck.
7
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Retirement & Life Insurance Loans
can be availed by those with retirement funds or life insurance plans.
8
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Borrowing from Friends and Family
an informal type of loan.
9
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Cash Advances
a short term loan against your credit card.