A Look at Common Types of Loans

People sometimes wonder about common types of loans, especially with all of the different types of loans available.

There are many common types of loans that may fall into the same categories, as well as some common types of loans that are only different in one or two small ways.

Below are the descriptions for several common types of loans, including some of the factors that may restrict who is eligible for the loan and how much interest different individuals might have to pay for the loan.

Of course, this doesn't cover all of the loans that are offered