There are basically two types of Loan:-
Interest Only Loans and Repayment Loans.
Interest Only
Under an interest only loan, the capital is repaid from the proceeds of a suitable investment vehicle. All you pay is the interest to the lender, and a monthly payment into the investment scheme.
Repayment
Under a repayment mortgage each month you will pay not only interest, but a partial repayment of capital, so that at the end of the mortgage term the whole loan will be repaid.
The most appropriate type of loan will depend on your financial circumstances, attitude to risk, age, and financial position.
Vantis Financial Management will provide you with an unbiased appraisal of the most appropriate type of loan for your circumstances.
Introduction
What repayment vehicles are available?
What interest rate options are available?