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Types of Bank Loans

Agricultural Loans:
Agricultural Loans:

Welch State Bank is a leading agricultural lender whose commitment to the agricultural community is illustrated by our continuous involvement in agriculture lending since the early 1970’s.

Balloon Loans
Balloon Loans

A balloon loan is a type of loan that does not fully amortize over its term. Since it is not fully amortized, a balloon payment is required at the end of the term to repay the remaining principal balance of the loan.

Close-Ended Loans
Close-Ended Loans

Common type of consumer installment loan where (in contrast to an open-end loan) the borrower cannot change the (1) number and amount of installments, (2) maturity date, and/or (3) credit terms. Also called closed-end credit.

Conventional Loans
Conventional Loans

Conventional loans maintain a reputation of being a safe type of loan, and there are a variety of conventional loans to choose from as well. The main difference between a conventional loan and other types of mortgages is the fact a conventional loan is not made by a government entity nor insured by a government entity.

Credit Cards, a Form of Higher
Credit Cards, a Form of Higher

Consolidating credit card debt with a personal loan typically makes sense only if you get a lower interest rate on the loan than you pay on your existing debt. Credit cards and personal loans are treated differently on credit reports.

Credit Cards, Cash Advances and Balance Transfers
Credit Cards, Cash Advances and Balance Transfers

A cash advance is a short-term cash loan taken against your credit card’s credit line. Cash advances are a convenient way to get fast cash, but they’re also expensive. They charge fees and higher interest rates.

Education Loan:
Education Loan:

In the loan application form, the Bank shall provide comprehensive information including information about fees and charges if any payable for processing and amount of such fees refundable in case of non-acceptance of application, prepayment options and other matter which affects the interest of the borrowers, of all categories of loans, irrespective of the amount of loan sought by them.

source: axisbank.com
Fixed Rate Personal Loans
Fixed Rate Personal Loans

^ Additional repayments made on a Fixed Rate Loan are not available to be redrawn. Viiew the Personal Loan Terms and Conditions (PDF 284kb). Applications for finance are subject to the Bank’s normal credit approval. View the Personal Loan Terms and Conditions (PDF 284kb). Full terms and conditions will be included in our loan offer. Fees and charges are payable.

Gold Loan:
Gold Loan:

ICICI Bank Gold Loan is the ultimate solution for your financial needs. You can avail Gold loan whenever you need funds for education of children, business expansion, down payment for purchase of property or automobile, medical emergency, holiday with family, agricultural needs etc.

source: icicibank.com
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Home Loan
Home Loan

Homepage | Home Loan Investment bank, FSB (Warwick, RI) Home Loan has provided customers with competitive loan programs, quality service and sound financial advice since 1959, and we have the strength and longevity to continue to serve our customers well into the future.

Installment Loans
Installment Loans

Qualifying for an installment loan can be a great way to pay for a car, home or even pay a portion of a college degree, depending on your credit score and overall financial situation. Home equity loans, which can come in handy for home repairs and maintenance, also are installment loans, as are personal loans.

source: credit.com
Interim Loans
Interim Loans

In this scenario, a lender writes an “interim” construction loan, usually for about twelve months, with the loan being refinanced in the traditional mortgage lender market – with a new rate, new qualifying, and a second set of closing costs.

Letter of Credit
Letter of Credit

The bank will only issue a letter of credit if the bank is confident that the buyer will pay. Some buyers have to pay the bank up front or allow the bank to freeze funds held at the bank. Others use a line of credit with the bank, effectively getting a loan from the bank.

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Lines of Credit
Lines of Credit

Personal loans and personal lines of credit both require you to pay interest. But they both allow you to pay expenses without annual fees, like credit cards. A “good” to “excellent” APR is considered to be around 4.29%.

source: bankrate.com
Loan Against Bank FDs:
Loan Against Bank FDs:

Loan against Fixed Deposit One can easily get a loan against their FD even if you do not have a credit score or meet the income eligibility criteria to apply for a loan. One of the main advantages of holding a Fixed Deposit (FD) is that it comes with a loan/overdraft facility. The bank will issue you a loan against your term deposit by using it as a collateral.

Loan Against Insurance Policies:
Loan Against Insurance Policies:

Loan Against Insurance Policy Loans against insurance policies can only be availed in case one pledges specific traditional policies like money back and endowment policies.

Longer
Longer

A bank loan is the most common form of loan capital for a business. A bank loan provides medium or long-term finance. The bank sets the fixed period over which the loan is provided (e.g. 3, 5 or 10 years), the rate of interest and the timing and amount of repayments.

source: tutor2u.net
Non-Conforming Loans
Non-Conforming Loans

The differences between a conforming and nonconforming loan can be boiled down to this: Conforming loans meet guidelines set by Fannie Mae and Freddie Mac, whereas nonconforming loans do not. A conforming loan usually offers a lower interest rate and lower fees.

Open-Ended Loans
Open-Ended Loans

A closed-end loan is often an installment loan in which the loan is issued for a specific amount that is repaid in installment payments on a set schedule. An example of this is an auto loan. An open-end loan is a revolving line of credit issued by a lender or financial institution.

Other Loans
Other Loans

A senior bank loan is a loan issued to a company or individual that holds legal claim to the borrower's assets above all other debt obligations. A senior bank loan is a loan issued to a company or individual that holds legal claim to the borrower's assets above all other debt obligations.

Personal Loan
Personal Loan

1 Loans subject to credit approval. The TD Express Loan is available for loan amounts between $2,000 and $15,000. The TD Express Loan is an Unsecured Personal Loan that receives expedited processing for customers who are looking for loan amounts up to $15,000 and have a credit score of 680 or above.

source: tdbank.com
Secured and Unsecured Loans
Secured and Unsecured Loans

There are two basic categories that most loan types fall into – Secured and Unsecured. Secured Loan. Secured loans are those loans that are protected by an asset or collateral of some sort. The item purchased, such as a home or a car, can be used as collateral, and a lien is placed on such item.

source: greenpath.com
Short
Short

★ Short Term Bank Loans Definition 5000 no credit check signature loans no checking account Ineedfreemoney Home Phone Income [Short Term Bank Loans Definition] I Need Money Right Now

Unsecured Loans
Unsecured Loans

Secured loans usually offer lower rates, higher borrowing limits and longer repayment terms than unsecured loans. As the term implies, a secured loan means you are providing "security" that your loan will be repaid according to the agreed terms and conditions.

source: greenpath.com
Variable Rate Loans
Variable Rate Loans

Variable rates are usually pegged to changes to a well-known index, such as the 1-month LIBOR, which SoFi’s variable rate loans are tied to. LIBOR (the London Interbank Offered Rate) is the interest rate that banks charge one another to borrow money; the 1-month means that the variable rate can change monthly.

source: sofi.com
Vehicle Loan:
Vehicle Loan:

Apply for a new or used car loan or refinance your existing auto loan at Bank of America. ... Please tell us where you bank so ... Accessible Vehicle Loans; Auto Loan ...

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