What are the different types of loans available?
There are several types of loans available, including personal loans, mortgages, auto loans, and student loans. Would you like to know more about a specific type?
Can you explain personal loans?
Personal loans are unsecured loans that can be used for various purposes, such as debt consolidation or home improvements. They typically have fixed interest rates and repayment terms.
What about mortgages?
Mortgages are loans specifically for purchasing real estate. They usually require a down payment and have longer repayment terms, often 15 to 30 years.
Are there any loans for education?
Yes, student loans are designed to help cover the cost of education. They can be federal or private, with varying interest rates and repayment options.
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