What is Loan types?

Loan types describe what the borrowed money is meant for, and lenders use them to sort their own products. A personal loan sits in one lump sum for general needs, a debt consolidation loan replaces several existing debts, a car loan is tied to a vehicle, a business loan serves a trading purpose and a credit line is a reusable amount you draw from as needed.

Each brand here covers a different set. 1822direkt offers personal, debt consolidation and car, 5in5 covers business and bridging and ABA Bank lists personal. Aave works with secured lending, while Aave GHO / Compound Treehouse provides a credit line.