Taking loans for your urgent requirements is something that everyone is familiar with. There is a particular process of both lending and repayment of loans. But there are many types among these loans, which are quite hard to understand for a normal person. Some most common types include Mortgage loans, Credit card loans and Quick loans facilities. Mortgage loans are loans used to purchase property as an investment.  On the other hand, a quick loan is a revolving line of credit for things like TV purchases and furniture shopping. Lastly, a credit card loan is borrowed money that can be applied to consumer goods such as computers or cars with interest rates of up to 34% APR. A brief insight on the few differences between these three commonly used loan types is provided here. You can get better information on platforms like Bondora. A mortgage loan is a loan used to purchase property as an investment. The borrower receives property […]