Student loans :can be supplied by the government or private lenders, and repayment usually starts after the student finishes their studies. Student loans are intended to assist students in covering the costs associated with higher education, such as tuition, books, and living expenses.

Business loans: You can use these to finance things like launching a new venture, growing an already-existing one, buying equipment, or paying for running costs. Business loans come in a variety of periods and interest rates, and they can be secured or unsecured.

Home loans: sometimes known as mortgages, are loans taken out expressly to buy real estate. Mortgages are secured by real estate and usually have lengthy payback terms—between 15 and 30 years. Interest rates may be variable or fixed.

Personal loans: are unsecured loans that people might take out for a number of reasons, such as unforeseen costs, home renovations, or debt consolidation. The borrower's credit history and credit score are major factors in determining loan acceptance and interest rates for personal loans.