A consumer loan is a loan for the purchase of certain goods and services, which, as a rule, have a value that exceeds the actual financial capabilities of the borrower at a particular point in time. Such a loan is used by those who buy furniture , household appliances and so on.
Target loan - a loan for the implementation of any purpose of the borrower (as a rule, recreation, expensive treatment , education). In this case, banks usually transfer funds not to the borrower's account, but to the account of an organization providing a particular service on the basis of a contractual relationship with the borrower.
Car loan - a loan for the purchase of new or used cars, issued for a period of 1 to 5 years .
Mortgage loan - a loan for the purchase of housing, which is pledged to the bank until the borrower fully repays his debt ( in some cases, debtors may even lose their homes ). Credit is issued for a period of 10 to 30 years .
Educational loan - a special loan to pay for higher education or any training courses, usually with reduced interest rates. Also learn more about high leverage loan.
Travel credit - a special loan for a tourist trip, provided by banks or travel agencies. This type of loan is very common today.
A loan for pensioners is a loan provided to pensioners on special, usually preferential terms.
A commercial loan is a loan with a deferred payment , which the seller of the goods provides to the buyer.
A bank loan is a loan received by the borrower on the terms of repayment, payment, for a period and strictly specified purposes against security or other guarantees. Forms of this type of loan are leasing, factoring and forfeiting.
State credit - government loans from the population of its country and foreign countries in order to finance government spending or cover the state budget deficit.
International credit - loans provided by banks in one country to borrowers in another country.
Lombard loan is a short-term financial loan secured by easily marketable movable property.
A credit card is a nominal plastic payment instrument issued by a bank and having a certain credit limit of funds ( which banks are constantly increasing ) available to the borrower to pay for goods and services or withdraw cash .
A loan for small and medium-sized businesses is a financial loan issued by banks to open or expand a business. A well-written business plan influences the adoption of a positive decision on a loan.
