Loans
A loan is a financial arrangement where a lender provides money to a borrower, who agrees to repay it over time with interest. Loans can be used for various purposes, such as buying a home, funding education, starting a business, or covering emergency expenses. They are broadly classified into secured loans (requiring collateral, like a mortgage) and unsecured loans (without collateral, like personal loans). Interest rates, repayment terms, and eligibility criteria vary based on the type of loan and the lender.