What are the 4 types of loans?

Loans are an important part of your financial life and there are many different types to choose from.

There are a variety of loans available to homeowners, including mortgages, home equity loans, and second mortgages.

The amount of the mortgage will usually be based on the value of the home and the homeowner’s credit score.


Loans against insurance policies

There are a few types of loans that you can get against your insurance policy.

The second type of loan is a policy loan. This is a loan that you can take out to cover the cost of your policy.

Loans against mutual funds and shares


There are a few different types of loans that you can take out against your investments.

Fixed deposit loans are the most common type of loan. You borrow money from the bank against your fixed deposit account.

Credit card loans are the most popular type of loan because they offer convenience and fast approval times.