The Different Types of Loans available in the USA?
In the USA, various types of loans cater to diverse financial needs, ranging from mortgages for purchasing homes to personal loans for various purposes, offering amounts from $100 to $5,000. Additionally, auto loans facilitate buying vehicles, student loans cover educational expenses, and business loans fund entrepreneurial ventures. Each loan type has specific terms, interest rates, and eligibility criteria tailored to its intended use and borrower profile.