What are the types of loans?
Consumer - they are taken by people to satisfy their consumer needs, for example, to purchase the necessary thing, make repairs, pay for a certain service. In most cases, these are not targeted loans, which means that people can spend money at their discretion. This is the most popular type of loans.
Mortgage - this loan program is familiar to anyone who plans to solve their housing problem with the help of a bank. So called targeted loans for the purchase of real estate. Types of mortgage lending depend on the object of collateral: residential real estate (house, apartment), commercial real estate (office, workshop, hangar, etc.), land plots. Mortgages also include consumer loans secured by real estate. The difference from a consumer loan is, first of all, that a mortgage is a fairly long-term loan product, a mortgage is certainly much more difficult to obtain than a regular loan, and this type of loan has the lowest interest rate.
Car loans are targeted loans for the purchase of cars and commercial vehicles. It can be used to purchase both new and used vehicles. As a rule, auto loans are quite close to leasing: a kind of long-term lease with an option to purchase. This option is convenient when you want to get the desired car as soon as possible, but there are not enough funds for it yet.
Card - provide for linking the credit limit to the main account. With a credit card, you can make purchases or withdraw money in excess of your own balance. Credit cards are also the most popular and affordable lending options for almost everyone.
Cash - in this case, the client is given money immediately through the bank's cash desk. To date, such credit products are almost never used. A common practice is to issue a plastic card to the client, with which he can withdraw money from an ATM or cash desk.
Tranche lending is another popular loan option. Tranche lending is used in the construction of houses. Here, the issuance of money does not take place in one amount immediately after the signing of the contract, but in accordance with the schedule. In addition to the above varieties, there are types of loans according to the type of interest rate.

I think it will be interesting for you to learn about personal loans. I hope that this article will be useful for you and help you make the right choice.