Loan Products

The interest rate reflects the cost to borrow, while APR captures the total annualized cost including certain lender fees and points. Comparing APRs across similar terms helps you identify the most economical option. For installment loans, APR clarifies trade‑offs between upfront costs and monthly payments.

Ask for a fee breakdown and model scenarios with our tools in Mortgage Calculator. If consolidating balances, evaluate whether a lower APR and fixed term reduce total interest paid versus revolving credit. Coordinate choices with cash flow planning in Personal Finance.

Source: CFPB on APR and loan comparisons.

Secured loans use collateral—such as equipment, vehicles, or home equity—to lower risk and potentially rates. Unsecured loans rely on creditworthiness and cash flow, offering speed and flexibility at generally higher rates. Choose based on the purpose, repayment horizon, and tolerance for pledging assets.

For home improvement or consolidation, consider equity solutions via Refinance & HELOC. Businesses can evaluate equipment financing and working capital lines alongside Business Finance strategies.

Source: SBA loan fundamentals; CFPB secured vs. unsecured guidance.

Business loans align funding to operating cycles and growth plans. Term loans suit equipment or build‑outs, while lines of credit support variable needs. Explore SBA programs such as 7(a) for general financing and 504 for fixed assets. Prepare financials, forecasts, and collateral documentation to streamline approval.

Link loan strategy to cash management in Business Finance. Coordinate real estate needs with Real Estate and consider equipment financing versus leasing based on ROI and depreciation.

Sources: U.S. SBA program resources; SCORE business planning.