Four Popular Loan Types
The four most popular loan types are personal, student, auto, and mortgage loans. Each loan type serves a specific purpose and has unique terms and interest rates based on the borrower's financial situation. Loans are a versatile financial tool for individuals and businesses alike.
To obtain a loan, borrowers should determine their credit score, research lenders, gather necessary documents, complete the application, and await approval while ensuring they can realistically repay the loan.