Mortgage Loans: Mortgage loans are loans designed to help people purchase or refinance a residence. They generally include fixed or variable interest rates, although FHA and VA loans offer more flexibility. Borrowers are usually required to make a down payment and provide documentation such as income, employment, and credit score information.

Auto Loans: Auto loans are typically used to purchase new and used cars, motorcycles, campers, or recreational vehicles. Like mortgage loans, these loans usually come with fixed or variable interest rates and require documented evidence of creditworthiness and income.

Personal Loans: Personal loans, also known as signature loans, are typically unsecured and can be used for any purpose. Unlike other loan types, the lender does not require collateral from the borrower. Interest rates on unsecured loans can be a bit higher than other loan types, but they are easy to obtain with little documentation.

Student Loans: Student loans are offered by federal and private lenders to help students cover tuition costs. Depending on the type of loan, students may be required to meet certain eligibility criteria and provide proof of enrollment and financial need. Interest rates on student loans may be fixed or variable, and most loans have deferment, forbearance, and forgiveness options.

Small Business Loans: Small business loans are designed to provide business owners with the funds they need to start, operate, and expand their businesses. Small business loans usually have low interest rates and can be used to purchase equipment, building renovations, marketing campaigns, and other business expenses.

Home Equity Loans and Lines of Credit: Home equity loans and lines of credit allow borrowers to use the equity in their home to finance various expenses. The interest rate is often lower than other types of loans, and the loan amount is based on the difference between the total amount of equity in the home and the outstanding amount on the mortgage.

Debt Consolidation Loans: Debt consolidation loans are a type of personal loan that can help borrowers pay off existing debts, such as credit card debt. This type of loan typically features a low-interest rate and can be used to pay off multiple debts so that borrowers only need to make one monthly payment.

Payday Loans: Payday loans are short-term, high-interest loans that are meant to be repaid on the borrower's next payday. There are no credit checks involved, and these loans are typically used by people with lower incomes. The interest rates are usually very high and can lead to major financial problems if not paid back on time.