Loan Basics
Learn the language of loans. From key credit ratios to the various types of loans that you or your business can obtain to help you grow.
:max_bytes(150000):strip_icc()/GettyImages-1217818877-9c65e2d7a707444a815f2ff9b4a9b9f4.jpg)
Loan Calculator
Whether you’re buying a car, a home, or paying for college, you may need more money for a purchase or a bill than you have in savings.
:max_bytes(150000):strip_icc()/payday_loans_458080553-5bfc36d5c9e77c0026330036.jpg)
:max_bytes(150000):strip_icc()/Saving-Money-versus-Investing-Money-Portfolio-58a76d173df78c345be4211c.jpg)
:max_bytes(150000):strip_icc()/GettyImages-105777153-5b2794da87614d52b780d7d6b09c37af.jpg)
-
![Home-Loan-Comparison-Template-for-Microsoft-Excel.PNG]()
Loan Terms Definition -
![Car with Huge Piggy Bank on Top]()
Secured Loans Definition -
![Road trip - Motor home]()
Best RV Loans of 2022 -
![Inflatable raft in swimming pool]()
The 6 Best Pool Loans for 2022 -
![Motorcyclist with his helmet]()
The 5 Best Motorcycle Loans for 2022 -
![insurance]()
Collateral Definition, Types, & Examples -
![]()
Amortized Loan Definition -
![Contract signing]()
Covenant Definition -
![man sitting at a table in a nice room writing]()
Financing Definition -
![Stacks of $100 bills]()
Lender Definition -
![]()
Loan Definition -
![Young man at laptop, calculating loan costs]()
Simple Loan Calculator -
![African American female using smartphone to calculate taxes]()
Loan Amortization Calculator -
![Amortization Table]()
Amortization Calculator -
![]()
What Are the 5 C's of Credit? -
![]()
Interest Rate vs. APR: What's the Difference? -
![Businessman give dollar bills to partner.]()
Applicable Federal Rate (AFR) Definition -
![Paper art of balloon with bitcoin money on business and management concept and idea,blue sky,cloud,vector]()
Balloon Payment Definition -
![Calendar]()
Grace Period Definition -
![Signatory]()
Guarantor Definition -
![]()
IOU Definition -
![Close up of credit cards]()
Line of Credit (LOC) Definition, Types, & Examples -
![]()
NINJA Loan Definition -
![bank]()
Trade Line Definition -
![mailbox stuffed with letters with one saying payment due in red]()
Add-On Interest Definition -
![Businessman Receiving Envelope From Colleague]()
Asset-Based Lending Definition -
![Paper art of , balloon with dollar sign on,business and management concept and idea,vector]()
Balloon Loan Definition -
![Speeding bullet]()
Bullet Repayment Definition -
![Person holding a credit card and using a computer.]()
Credit Facility Definition -
![]()
Default Rate Definition -
![]()
Exposure at Default (EAD) Definition -
![]()
Fixed-Rate Payment Definition -
![Woman leaning against small model house]()
Loan Commitment Definition -
![Time is money]()
Periodic Interest Rate Definition -
![]()
Term Loan Definition -
![Financial Data Analyzing]()
Total Debt Service (TDS) Ratio Definition -
![]()
Variable Interest Rate Definition -
![a neoclassical building]()
Senior Bank Loan Definition -
![]()
Guaranteed Loan Definition -
![]()
Recourse vs. Non-Recourse Loan: What's the Difference? -
![Bank Teller Serving Customer]()
Bank Guarantee vs. Letter of Credit: What's the Difference? -
![Woman sitting on a couch looking over her shoulder smiling with a laptop on her lap and a credit card in her hand]()
Bank Confirmation Letter (BCL) Definition -
![]()
Bridge Loan -
![African American Banker and Hispanic Soldier Confer]()
Covenant-Lite Loan Definition -
![]()
Haircut Definition and Example -
![]()
Leveraged Loan Definition -
![Senior business restaurant doing paperwork at laptop]()
Negative Pledge Clause Definition -
![]()
Nonperforming Loan (NPL) Definition -
![Digital security concept]()
Non-Recourse Debt Definition -
![Notepad with prepayment on a wooden surface.]()
Prepayment Definition -
![Business Woman Signing a Contract]()
Purchase Money Security Interest (PMSI) Definition -
![Bank calculates the home loan rate]()
Rule of 78 Definition -
![Page of paper with words "unsecured loans," a fountain pen and glasses.]()
Unsecured Loan Definition -
![Warehouse Lending]()
Warehouse Lending Definition -
![mousetrap]()
Loan Shark Definition -
![Midsection of Businessman Giving Document to Client]()
Whole Loan Definition -
![]()
Non-Recourse Finance Definition -
![Revolving door]()
Revolver Definition -
![]()
Revolving Loan Facility Definition -
![Letter of credit]()
Standby Letter of Credit (SLOC) Definition
:max_bytes(150000):strip_icc()/Home-Loan-Comparison-Template-for-Microsoft-Excel-56a6c5273df78cf7728ff319.PNG)
:max_bytes(150000):strip_icc()/piggybankcar-56a6fefa3df78cf77291544b.jpg)
:max_bytes(150000):strip_icc()/GettyImages-507866562-5ebca34e0af043d5a0a850683f00e4e1.jpg)
:max_bytes(150000):strip_icc()/GettyImages-86055224-aae9c369a44d496db428e64d869c2f15.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1217689278-c7abbedacafb4c68b77fd217c31d4e21.jpg)
:max_bytes(150000):strip_icc()/insurance-996939336-2dfa9199bf89407c80eec48719a3f19f.jpg)
:max_bytes(150000):strip_icc()/virtual_goods-5bfc2b8a46e0fb00517bdfe5.jpg)
:max_bytes(150000):strip_icc()/writing-hand-business-brand-contract-handwriting-854901-pxhere.com1-af8bcf1f363940b2aaa775dd2f29faeb.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1180593808-b391000a4cbe4522b2ad17049e19817b.jpg)
:max_bytes(150000):strip_icc()/four-secrects-to-making-money-58dc88323df78c516216db18.jpg)
:max_bytes(150000):strip_icc()/investing13-5bfc2b8f46e0fb0026016f4d.jpg)
:max_bytes(150000):strip_icc()/GettyImages-514411129-e0f94ce833de4f1a8cf7055f1cde3c5c.jpg)
:max_bytes(150000):strip_icc()/african-american-female-using-smartphone-to-calculate-taxes-1298373292-940131c543db44fe9b78040c95255337.jpg)
:max_bytes(150000):strip_icc()/ScreenShot2019-01-15at3.35.40PM-5c3e455dc9e77c0001915edd.png)
:max_bytes(150000):strip_icc()/credit_report_156276530-5bfc2e68c9e77c00519b29a1.jpg)
:max_bytes(150000):strip_icc()/shutterstock_67023106-5bfc2b9846e0fb005144dd87.jpg)
:max_bytes(150000):strip_icc()/businessman-give-dollar-bills-to-partner--853701506-4795de09f2814a708c4886a5ec0e371e.jpg)
:max_bytes(150000):strip_icc()/paper-art-of-balloon-with-bitcoin-money-on-business-and-management-concept-and-idea-blue-sky-cloud-vector-1004753456-c79f28bdcfdc405da3414cce771e4178.jpg)
:max_bytes(150000):strip_icc()/calendar-612235546-c4dd174d2f6c45fc81754f234aeab552.jpg)
:max_bytes(150000):strip_icc()/writing-1149962_1920-e8c5c1340188466392800bd112e8ef23.jpg)
:max_bytes(150000):strip_icc()/89794268-5bfc2b8bc9e77c005143f0cf.jpg)
:max_bytes(150000):strip_icc()/close-up-of-credit-cards-580502979-3998b1e8a9d242c98648cc04ce236e8b.jpg)
:max_bytes(150000):strip_icc()/shutterstock_579740932.dollars.cropped-5c48de97c9e77c000121d44a.jpg)
:max_bytes(150000):strip_icc()/bank-7955e594eb3042e7bf208a7ef3eadf0a.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1036864802-589e3f7a41c342398bf4d501f2e54750.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1069771862-d1d705e307d2440f8e542069741d4c80.jpg)
:max_bytes(150000):strip_icc()/paper-art-of---balloon-with-dollar-sign-on-business-and-management-concept-and-idea-vector-800901900-333ae8254a4b468e8e3326850457d484.jpg)
:max_bytes(150000):strip_icc()/speeding-bullet-122780276-25863ee82ed6402094041d5c6a6e44e3.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1036166450-960fb3b85dea492a8044bdbd1395c367.jpg)
:max_bytes(150000):strip_icc()/dv740090-5bfc2b8b46e0fb00265bea71.jpg)
:max_bytes(150000):strip_icc()/investing5-5bfc2b8e46e0fb0026016f0e.jpg)
:max_bytes(150000):strip_icc()/investing3-5bfc2b8e46e0fb0026016f32.jpg)
:max_bytes(150000):strip_icc()/woman-leaning-against-small-model-house-83266442-530f744989a94cadb8bc9a50adca880d.jpg)
:max_bytes(150000):strip_icc()/time-is-money-874792522-225e922483994ed69ab4c2877dc876b4.jpg)
:max_bytes(150000):strip_icc()/200275051-001-5bfc2b8b46e0fb0083c07b92.jpg)
:max_bytes(150000):strip_icc()/GettyImages-175520675-d5afbf8e291f4a16a9def06f24026184.jpg)
:max_bytes(150000):strip_icc()/investing14-5bfc2b8f46e0fb00265beb22.jpg)
:max_bytes(150000):strip_icc()/GettyImages-184215459-84bca32580d94e6ebf8d9e2777e96865.jpg)
:max_bytes(150000):strip_icc()/shutterstock_434746171.FHA.loan.mortgage-5c48c69ac9e77c00017b4009.jpg)
:max_bytes(150000):strip_icc()/GettyImages-185225526-fdf6bd9cedc24a2ebf26c9aafd5fe96c.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1181853007-1107b9066d9a419281b244240ac37b85.jpg)
:max_bytes(150000):strip_icc()/investing10-5bfc2b90c9e77c00517fd2ef.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1149285452-2a432a9a922e4d529f255c8bc8e88c0c.jpg)
:max_bytes(150000):strip_icc()/115556938-5bfc2b9d46e0fb005144de45.jpg)
:max_bytes(150000):strip_icc()/133724338-5bfc2b9c4cedfd0026c11b71.jpg)
:max_bytes(150000):strip_icc()/senior-business-restaurant-doing-paperwork-at-laptop-970532960-108a1c065c4b441c88d0f0cc82289fa2.jpg)
:max_bytes(150000):strip_icc()/investing2-5bfc2b8fc9e77c005143f176.jpg)
:max_bytes(150000):strip_icc()/digital-security-concept-622184706-d180b1af0f0c413cbe6dc1e1f78f12e3.jpg)
:max_bytes(150000):strip_icc()/notepad-with-prepayment-on-a-wooden-surface--615400304-9fa745fa6be6453f83f9455dafae93a1.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1166505861-32337403b6ec4d0ab613eb6c09083390.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1194457167-10bc6f9e7f234412bbc86870e2142417.jpg)
:max_bytes(150000):strip_icc()/page-of-paper-with-words-unsecured-loans-and-glasses--827709914-d6b9b1d35e1d403480d597e41400d5bd.jpg)
:max_bytes(150000):strip_icc()/commercialloan-56a7dce75f9b58b7d0ee925d.jpg)
:max_bytes(150000):strip_icc()/mousetrap-496721931-b9aa3b8364374515af968f6f0b5ff43b.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1035272162-f5fadb6aac764d8bafe053ea70d90e13.jpg)
:max_bytes(150000):strip_icc()/investing17-5bfc2b8fc9e77c00519aa64c.jpg)
:max_bytes(150000):strip_icc()/revolving-door-84743825-7c93e1fcaffd4d54bfdb2272cdf1c19a.jpg)
:max_bytes(150000):strip_icc()/153221908-5bfc2b8c4cedfd0026c118f2.jpg)
:max_bytes(150000):strip_icc()/letter-of-credit-474454659-ac5d6f45ce244478af87f92f1392884c.jpg)