16 Types of Loans to Help You

Quick Insurance Guru Woman Reading Saving money is always a smart move before making a significant buy.

1. Personal Loans

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2. Auto Loans

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3. Student Loans

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4. Mortgage Loans

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5. Home Equity Loans

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16 Types of Loans to Help You

1. Personal Loans

are the broadest type of loan category and typically have repayment terms between 24 and 84 months.

are the broadest type of loan category and typically have repayment terms between 24 and 84 months.

2. Auto Loans

are a type of secured loan that you can use to buy a vehicle with repayment terms between three to seven years.

3. Student Loans

are meant to pay for tuition, fees and living expenses at accredited schools. As a result, it often isn't possible to use student loans

4. Mortgage Loans

help you finance the purchase of a home, and there are many types of mortgages available.

5. Home Equity Loans

If you have equity in your home, you might be able to use a home equity loan, also known as a second mortgage.