Loans

A loan is a sum of money that is borrowed from a lender and repaid over a set period of time. Loans are typically used to finance the purchase of large or expensive items, such as a car or a home. Continue Reading Below

Content Types

Related Topics

Specific Types of Consumer Loans

SuperMoney Quote Engines

Get Competing Offers

Get Competing Auto Loan Offers

Get Competing Loan Offers

Get Competing Offers

Get Competing Personal Loan Offers

Industry Studies

2026 Average Personal Loan Interest Rate Study

Miron Lulic

Encyclopedia Articles

Discover the definition of financial terms related to loans.

Chattel Mortgage Non-Filing Insurance: Definition, Examples, and Benefits

SuperMoney Team

Bullet Transaction Explained: How It Works, Types, and Examples

SuperMoney Team

Takeout Lender: Definition and How it Works

SuperMoney Team

Best Efforts Mortgage Lock: Definition, Features, Pros and Cons

SuperMoney Team

What is a Credit Union

SuperMoney Team

Secured Note: Definition, How It Works, Benefits, and Examples

Dan Agbo

Periodic Interest Rate: How It Drives Financial Growth

SuperMoney Team

Amount Financed: Understanding, Examples, and Strategic Management

Silas Bamigbola

Secured Debt: Understanding, Examples, and Risks

Silas Bamigbola

How the Federal Funds Rate Affects Your Finances

SuperMoney Team

Page 5 of 16

Previous 3 4 5 6 7 Next

About Loans

A loan is a sum of money that is borrowed from a lender and repaid over a set period of time. Loans are typically used to finance the purchase of large or expensive items, such as a car or a home. The terms of a loan, including the interest rate, the repayment schedule, and the fees, will vary depending on the lender and the borrower's creditworthiness. In general, loans are repaid in regular installments, with a portion of each payment going towards the principal (the amount borrowed) and the rest going towards interest. There are many different types of loans, including personal loans, mortgages, and student loans.