Cash loan : A loan that is required to cover up some sudden expenditure or buy something that was not planned.

Good credit loan :  A loan that is offered to someone with good credit history.

Bad Credit Loan : A loan that is usually offered to someone with poor credit history.

Secured loan : A personal loan, which is approved after pledging of collateral that acts as a security for the loan. If the borrower fails to pay the loan, then the lender can sell the asset.

Unsecured loan :  An unsecured loan is the loan that is given without any collateral or security. Here the borrower need not pledge any additional security.

Adjustable-Rate Mortgage (ARM) : Mortgages whose rates of interest changes with the fluctuation in the market and changes in government policies.

Annual percentage rate (APR) : The cost of the mortgage and its calculations, which include the interest rate, insurance, tenure, and applicable fee.

Collateral : Collateral is an asset, which is worth the value of the loan and is often used as a security when the borrower is not able to repay the loan.

Disclosure of APR :

The APR refers to the amount paid on the loan taken for a period of 1 year. The for a standard 2 weeks loan can be expected to vary from 546% to 600%. This variation is based on the state you live in and the time period of your loan term, your financial situation and your individual lender.