The Loan Series


When your parents say they are getting a loan from the bank, it means they are borrowing money with a promise to pay it back. Loans are useful when you have a big expense but not enough money in savings to pay for it. For example, your parents may need a loan...


When you get a loan from a bank, the bank will ask you to pay back more money than you borrowed. This extra money is called “interest.” The bank uses money from interest payments to pay their employees and pay for other items needed to keep the bank running. I...


Taking out a loan from a bank can be a big commitment for your parents. There are several things to consider before making that decision.

  1. Do you have enough money to pay for the item without the loan?

    1. If your parents have enough money in their savin...


When your parents determine that they need a loan to make a purchase, they will need to go to the bank and speak with a loan officer. In community banks, like Texas Bank and Trust, the loan officer helps your parents decide what type of loan they would need.



When someone borrows something from you, you want them to give it back. Banks expect the same thing when they make a loan. They are allowing someone to borrow the money for a short period of time with a promise that the money will be repaid. If your parents do...

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