Loans are a healthy and natural part of money management, and they’re a great option for getting the money you need with terms that fit your life. If you’re getting ready to make some home improvements, looking for a new car, or just need to consolidate debt, there are a variety of flexible lending products for you. A loan, put simply, is money given to the borrower in exchange for the future repayment—with interest and other finance charges—of the loan value. A loan can be for a specific amount, like for a car loan, or as a more open-ended line of credit, like a home equity line of credit (HELOC). Inspirus Credit Union offers a variety of loan products, from auto and recreational loans to home and personal loans. No matter which product makes the most sense for you and your needs, it’s important to understand your goals, your general financial health, and the risks associated with borrowing money.