Sometimes you just don’t have enough cash on hand to make a purchase, and that’s okay. Not everyone is always expected to pay for everything with the green paper, which is why loans are available for many different purchases.

Because there are so many loans, it’s always a good idea to familiarize yourself with the loan process to better understand what lenders will be looking for in terms of credit, stability, and payment plans. Instead of always hitting up your bank, check out some of these different loans for different folks.

Payday Loans

Almost every town has a payday loan facility. How these work is that you can take out a loan by providing some basic information, including your most recent check stub. Then, these companies will take the money back either in one lump sum or in installments, and they’ll be taken out on your payday (hence the name).

These are typically available in smaller amounts, so don’t think you can afford a home with a payday loan. Also, the interest rates tend to be pretty high, so consider this when determining if this is the right option for you.

Title Loans

A car title loan is similar to a payday loan, only you put your car up as collateral. Most of these lenders will only provide you a loan for what your car would be worth to them, so the older the car, the less money you can get. Keep in mind that you need the car’s title to take the loan out, so if you currently have an auto loan, you will not be able to do this. It’s also important to note that if you do not pay the loan back, these lenders are legally able to repossess your car.

Aircraft Loans

If you are a pilot, you may want to experience the thrill of owning your own plane. However, you may also know that this is often expensive. Thankfully, though, there are a variety of popular aircraft loan programs out there that can help pilots, business owners, or anyone else receive the loan they need to purchase an aircraft. The terms will vary based on the lender, but if this interests you, it’s something you can consider.

FHA Loans

Owning a home is a dream for many people, but if you have less than perfect credit or a smaller down payment, this dream may be hard to achieve through traditional lenders. This is where an FHA loan is a great idea.

These loans are backed by the government, so banks are more willing to accept them. You don’t need a very high credit score (about 600) and you don’t need a large down payment (only 3%). This loan will work like a traditional loan, but you’ll just need to pay PMI insurance, which is about 1% of the loan.

VA Loans

Veterans deserve a few perks, and receiving special loans is one of them. A VA loan will allow veterans to buy a house with less than perfect credit and low down payments. They are very similar to FHA loans, aside from the fact that you need to be a veteran or on active duty to use it.

No matter what it is you want in life, there’s a loan out there to help you get it. Do your research and find the best lender to help you achieve your dream.