Loan Basics

Fuel your financial journey by learning the basics of loan costs, benefits and how to take out a loan.
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Featured Article:

Simple Interest Vs. Compound Interest: A Beginner’s Guide

Do you know the difference between simple interest and compound interest? Learn their key characteristics to get insight into your accounts and grow your money.

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Featured Resources

Viewing 1 - 6 of 17

Man taking notes while analyzing various financial charts.

Loans - 4-Minute Read

Kevin Graham - Jul 22, 2024

Secured Overnight Financing Rate (SOFR): A Complete Guide

The SOFR measures the repurchase market’s overnight borrowing rate on cash collateralized by U.S. Treasury securities. Learn how the SOFR can affect you.
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Loans - 5-Minute Read

Sarah Sharkey - Jun 10, 2024

SBA Loans: Types, Requirements And How To Get One

An SBA loan provides government funding to small businesses. Get familiar with different SBA loans and how they work, plus see if you qualify for one.

Woman with round glasses holding pencil and looking pensively at a paper in her hand.

Loans - 6-Minute Read

Dan Miller - Jun 7, 2024

Unsecured Loans: What They Are And How To Pick One

An unsecured loan is a way to borrow money using your credit score instead of collateral. Learn how it works and how to pick out an unsecured loan.
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Loans - 8-Minute Read

Sarah Lozanova - May 21, 2024

What Is Student Loan Consolidation And How Does It Work?

Student loan consolidation can help borrowers achieve payment plans that better suit their needs. Learn how to lower the monthly payment on your student loans.

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Loans - 6-Minute Read

Victoria Araj - Mar 15, 2024

HELOC Vs. Home Equity Loan: Pros, Cons And Alternatives

If you’re planning a major purchase or a home renovation, consider tapping your home equity to pay for it. Compare facts about a HELOC vs. a home equity loan.
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Loans - 9-Minute Read

Dan Rafter - Feb 14, 2024

Refinancing A Home Equity Loan

Wondering whether to refinance your home equity loan? Explore the benefits, drawbacks and requirements of refinancing a home equity loan and how it works.