When you want to Search loans you might log onto the internet and in Bing or Google you would type the words Search loans.
When you enter Search loans, you will see a number of different items for different types of loans. The variety is almost endless.
Before you search for a loan you should know that there are different types of loans such as consumer loans or commercial loans. A commercial loan is generally made to a business and not an individual. A loan to an individual is called a consumer loan. These loans can be structured in various ways.
One way to structure a consumer loan is to make a loan with a single payment which would be due at the end of the term, generally one year. This is often called a temporary loan or a bridge loan. You might apply for one of these if you are attempting to put together the financing on a home and this type of loan would be repaid when you get the home loan.
Another type of consumer loan is an installment loan or a loan on a payment plan. This loan may be either secured or unsecured. A secured installment loan would be something like a car loan or a loan for a motorcycle. The lender has kept the title to the vehicle or motorcycle as security for lending you the money to purchase the item. You are securing the loan with an asset. An unsecured installment loan would be a loan to buy a piece of exercise equipment where the lender did not take a security interest in the item. Or in other words you did not put up an asset to secure the loan.
You should read the loan agreement carefully because the terms of the loan may allow the lender to file a lien on the item until it is paid for. If this is in the load agreement then you have allowed the lender to secure their loan to you.
Another type of loan can have different types of interest attached to it. It may be a fixed rate loan which means you pay a level amount of interest over the duration of the loan. These may have a higher interest rate than a variable loan because the lender is loaning you the money at a set or fixed rate and if the market changes so that money costs more then the lender may be losing money on what he lent you. A variable rate loan is one that is tied or pegged to some other rate like the Federal Reserve Bank lending rate. As this rate goes up or down, your interest rate goes up or down. This is the way a lot of credit cards work.
Another type of loan is a home equity loan which the lender loans you money based on how much equity you have in your home. You can use the funds for what ever you choose, as long as you have money available.