Types of Credit: Loan Fundamentals

There are many reasons to take out a loan, and many things to understand about the process, as we’ll discuss in this elearning course, Loan Fundamentals. In this course we will review the fundamental elements of a loan: the term, the interest rate, miscellaneous costs and penalties, and the affects of each. We’ll also discuss the various types of loans that are available to give you a solid understanding of loan basics.

Part of our series on Types of Credit, the Loan Fundamentals course includes a video lesson, downloadable student materials and a short online quiz to check your comprehension.