Fixed rate loan

A fixed rate loan is where the interest rate stays the same for the life of the loan.

Prime loan

A prime loan is offered to people with a good credit history.

Consolidation loan

A consolidation loan is used to combine several loans into one loan, often with a lower monthly payment.

Personal loan

A personal loan is a loan given without collateral. It is used for personal or household purposes.

Subprime loan

A subprime loan is granted to customers who would not ordinarily qualify for credit.

Unsecured loan

An unsecured loan is when you don't have to offer any collateral to secure the loan.

Refinance loan

A refinance loan is used for paying off an existing mortgage loan on property.

Business loan

A business loan is for the use of a business.

Student loan

A student loan is a loan offered to students to assist in payment of the costs of professional education. Tuition, books, or room and board.

Car loan

A car loan is to purchase an automobile.

Mortgage loan

A mortgage loan is a loan on real estate that is secured by a mortgage.