Loan

I personally do take loan. Wanna share some loan basics.

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

Types of Loans:

Secured loan - A loan in which the borrower pledges some asset as collateral for the loan.

Subsidized loan - A loan that will not gain interest before you begin to pay it.

Unsubsidized loan - A loan that gains interest the day of disbursement.

Mortgage loan is a very common type of debt instrument used to purchase housing.

Unsecured loans are monetary loans that are not secured against the borrower's assets. Example

* credit card debt
* personal loans
* bank overdrafts
* credit line

Will share more on loans next time. Most importantly, please have a good debt management skills!

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