UCONN Home Bank Loans
 
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Find out if your monthly loan payment is fixed or variable, and opt for a fixed term whenever possible. Because of this practice, your final purchase amount may vary from the authorized pending amount. Check over the loan documents once theyre prepared. There are two types of personal bank loans.

Unlike lines of credit, installment loans have a maturity date in which the personal loan will be satisfied. Further, medical expenses do not include the premiums that you paid under your employer-sponsored policy under a premium conversion policy; for example, a federal employee, participating in the premium conversion program of the Federal Employee Health Benefits (FEHB) program, may not include the premiums paid for the policy as a medical expense.

Common personal loans include mortgage loans, car loans, home equity lines of credit, credit cards, installment loans and payday loans. An unsecured loan is issued without collateral and at a much higher interest rate.

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