What Is a Loan? Types of Loans Explained Simply (Complete Beginner Guide)

At some point in life, almost everyone needs extra money—whether it’s for education, a home, a business, medical needs, or personal goals. When savings are not enough, people usually turn to loans. But loans can feel confusing. There are so many names—term loan, flexi loan, hybrid loan, personal loan, home loan—that beginners often don’t know … Read more