Over the past few year banks have tightened their lendingpractices and have made getting loans more difficult than before.However, banks still offer a wide variety of loans to theircustomers which can be used for a range of purposes.The first type of bank loan is a mortgage. A mortgage is a loanthat is used by a borrower to purchase a home. Typically, thelender will require the borrower to put forth between 10% and 20%of the purchase price and the bank will finance the rest. Mostmortgages are long term loans with terms ranging up to 30 years inlength. Since they are secured by the home that is bought, interestrates on mortgages tend to be lower than other forms of loans.The next type of bank loan is an unsecured personal loan. Anunsecured personal loan is a loan that a bank gives to anindi