This loan type is used for purchasing a home. Mortgages are typically long-term loans, with terms often spanning 15 to 30 years.
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Used for purchasing vehicles, auto loans are very common. These are typically shorter-term loans, often ranging from 2 to 7 years.
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Students rely on these loans to pay for college or graduate school. These loans can have various terms and may offer different repayment options
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These are general-purpose loans that can be used for various reasons, such as consolidating debt, financing a wedding, or covering unexpected expenses.
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These are often personal loans specifically marketed for medical expenses, including elective procedures not covered by insurance.
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Credit cards essentially allow for a revolving line of credit, which is a form of borrowing. Balances carried from month to month incur interest.
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