Home loan – home financing is that loan secured by real-estate.

Forms of installment loans

Personal bank loan – an individual loan is just a “catch-all” term usually discussing that loan that isn’t guaranteed by collateral and repaid in installments. Unsecured loans will will often have a term of just one to 5 years and certainly will have to be reimbursed in regular installments, frequently month-to-month. The bank or onpne lender has nothing to repossess if you cannot repay the loan because personal loans usually require no collateral. Plus »