Different Loan Types
Loans come in various forms, including personal loans, home loans, auto loans, and business loans. Learn about the differences, benefits, and ideal use cases for each type to make informed decisions.
Each loan serves a unique purpose—while personal loans offer flexibility for various expenses, home loans help you build long-term assets. Auto loans simplify vehicle ownership, whereas business loans fuel entrepreneurial growth. Understanding the eligibility, repayment structure, and impact on credit scores can help you choose the right loan tailored to your needs.