Learn how to evaluate and get a loan, from the different loan types to how to protect yourself from predatory lenders.

Frequently Asked Questions
Key Terms
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What Is a Secured Loan? How They Work, Types, and How to Get One
Best RV Loans
Best RV Loans
Best Swimming Pool Loans
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Best Motorcycle Loans
Collateral Definition, Types, & Examples
Amortized Loan: What It Is, How It Works, Loan Types, Example
Contract signing
What Is a Covenant? Definition, Meaning, Types, and Examples
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Financing: What It Means and Why It Matters
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Lenders: Definition, Types, and How They Make Decisions on Loans
What Is a Loan, How Does It Work, Types, and Tips on Getting One
Young man at laptop, calculating loan costs
Simple Loan Calculator
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Loan Amortization Calculator
Amortization Table
Amortization Calculator
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Applicable Federal Rate (AFR): What It Is and How To Use It
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Balloon Payment: What It Is, How It Works, Examples, Pros and Cons
Grace Period Definition for Borrowers, How It Works, Examples
What Is a Guarantor? Definition, Example, and Responsibilities
IOU: What It Is, How It Works, and Examples
Line of Credit (LOC)
Line of Credit (LOC) Definition, Types, and Examples
NINJA Loan: Definition, History, Current Availability
Trade Line: Definition, How It Works, and Included Records
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Add-On Interest Definition, Formula, Cost vs. Simple Interest
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What Is Asset-Based Lending? How Loans Work, Example and Types
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Balloon Loan Definition
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Bullet Repayment: Definition, Examples, Vs. Amortization
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What Is a Credit Facility, and How Does It Work?
What Is the Default Rate? Definition, How It Works, and Criteria
What Is Exposure at Default (EAD)? Meaning and How To Calculate
Fixed-Rate Payment
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What Is a Loan Commitment? Definition, How it Works, and Types
Time is money
Periodic Interest Rate: Definition, How It Works, and Example
Term Loan Definition, Types, and Common Attributes
Financial Data Analyzing
What Is Total Debt Service (TDS) Ratio? Example and Calculation
Variable Interest Rate: Definition, Pros & Cons, Vs. Fixed
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Senior Bank Loan: Definition, How It Works, Rates & Risks
Guaranteed Loan: Definition, How It Works, Examples
Recourse vs. Non-Recourse Loan: What's the Difference?
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Bank Guarantee vs. Letter of Credit: What's the Difference?
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What Is a Bank Confirmation Letter (BCL)? How to Get One
What Is a Bridge Loan and How Does It Work, With Example
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Covenant-Lite Loan Definition
Haircut: What It Means in Finance, With Examples
What Is a Leveraged Loan? How Financing Works, and Example
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Negative Pledge Clause: Definition, How It Works, Pros & Cons
Nonperforming Loan (NPL) Definitions, Types, Causes, Consequences
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Non-Recourse Debt: Definition, Example, vs. Recourse Debt
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Prepayment: Definition, How It Works, Types, and Penalties
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Purchase Money Security Interest (PMSI) Definition, How It Works
Bank calculates the home loan rate
Rule of 78: Definition, How Lenders Use It, and Calculation
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Unsecured Loans: Borrowing without Collateral
Warehouse Lending
Warehouse Lending: Definition and How It Works in Banking
Loan Shark: Definition, Example, Vs. Payday Lender
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What Is a Whole Loan?
Non-Recourse Finance: Definition, Uses, Vs. Recourse Loan
Revolving door
What Is a Revolver? Definition in Lending and How It Works
Revolving Loan Facility Explained: How Does It Work?
Letter of credit
What Is a Standby Letter of Credit (SLOC) and How Does It Work?
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Loan Officer: Definition, What They Do, Benefits and Compensation
Soft Loan Definition
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Loan Modification: Overview, Government Programs, Application