Loan -

: This is the cost of borrowing. Rates can be fixed (stays the same) or variable (changes with the market).

: Most loans are installment-based, meaning you pay back a fixed amount every month over a set term. : This is the cost of borrowing

: Secured loans require collateral (like a car or home) that the lender can take if you don't pay. Unsecured loans (like most personal loans) do not require collateral but often have higher interest rates. : This is the cost of borrowing