Education Loans

An education loan is meant to help students pay for general education (secondary and primary school) but mostly university tuition, books, and living expenses. It differs from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in education. It […]

Personal Loan

A personal loan the borrowing a sum of money from a financial institution for personal use. Individuals may use the money for almost anything; some examples are a vacation, a car, home improvements or bill consolidation. The borrower will make monthly payments to the financial institution repaying the sum borrowed plus interest. Personal loans give […]

Bank Loans

A bank loan is a monetary loan received from a commercial lender. The loan may be either a car loan or a home loan. A bank loan must have a predetermined duration and an interest rate that is fixed or adjustable. Generating loans and charging interest is the very purpose of a modern bank. The […]

What is a Loan?

We recently realised that some of the basic questions need to be answered for some of us, so let us take a step back: what is a loan? A loan is a sum of money advanced to a business that must be repaid, with interest at some point in the future. The lender must bear […]


A mortgage is a debt instrument that is secured by the collateral of specified real estate property and that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large purchases of real estate without paying the entire value of the purchase up […]