credit information and resources

Auto Loan

Home Loan

Personal Loan

Student Loan

Tools

loans

Loans Types

Generally speaking, a loan is an arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time.

The two basic components of a loan are the principal and the interest. The principal amount of a loan refers to the amount borrowed, or the part of the amount borrowed which remains unpaid (excluding interest). The interest portion of a loan refers to the fee charged by a credit grantor to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal. The interest rate on a loan is dependent upon several factors such as the time value of money, the credit risk of the borrower, and the inflation rate. When you make monthly payments on a loan (i.e. a mortgage) generally part of the payment reduces the principal and another part of the payment is applied to interest.

The practice of lending money plays a vital role in our economy. The typical American borrows money many times during his/her lifetime. The most significant and common reasons for someone to obtain a loan would be for an auto loan, a student loan, a personal loan or a home loan, all of which are addressed in this section of our web site.

Get A Free Quote
on a low interest rate loan: home loans, car loans, mortgages and more. This is an easy way to save on loans!

The Internet permits us to apply and receive responses to loan requests in a secure, timely and no hassle manner - often from multiple lenders so you can quickly select the best loan for you.








home / establishing credit / credit awareness / credit repair / credit report / credit cards / bankruptcy
credit scoring / loans / credit resources / other resources / tools