The term "loan types" refers to different categories or varieties of loans that are available for borrowers. These loan types can vary based on several factors, including the purpose of the loan, the amount being borrowed, and the repayment terms. Some common loan types include mortgages, auto loans, personal loans, student loans, business loans, and credit cards. Each type of loan has its own unique features, interest rates, and eligibility requirements, so it's important for borrowers to research and compare different options before deciding on a loan type that best suits their needs.