Types of bank credits

With the private individuals

Leasing

Leasing
Hire purchase

Leasing or leasing is a contract by which one of the parts (the leasor), is committed providing to the other part the pleasure of a tangible personal property at a determined price, that the latter begins to pay periodically. This type of credit contains an option to buy at the end of the contract. (example: the hiring of a car with possibility of acquiring it at the end of the contract)

Consumer credit

credit or affected loan, example: credit car
Installment purchase or hire-purchase

The hire-purchase is defined as any contract of credit which must normally carry acquisition of a tangible personal property (electric household appliances, vehicle, etc) and whose price discharges in periodic payments, in 3 payments at least, this not included/understood installment. An installment from at least 15% of the selling price must be versed to the salesman with the signature of the contract. As long as the installment is not paid, the sale does not exist.

Ready with personal temperament or ready

It is a contract of credit under the terms of which is placed at the disposal of the consumer an amount of money which will be refunded by periodic payments. It is not intended to finance a quite precise purchase but to make it possible the borrower to face expenditure such as consecutive expenses with family events, medical expenses, expenses of studies, taxes, expenses of restoration, etc As it is not related to a purchase invoice of a determined good, interest rate used is higher than that requested by the financing of a quite precise purchase, because the bank does not have security (related to a thing) as it would be the case for the financing of a car. Refunding is always monthly and interest rate is often presented in the form of a monthly loading.

credit revolving
Credit line

Real estate credit

Prêt saves housing
Prêt habitat
Credit line generally mortage real estate

banking Guarantee

ex: guarantee rent, tax guarantee

Guaranteed of real loan

With the companies

commercial Credit of exploitation

Discount
Credit line
overdraft facility
Factoring
Letter of credit or credit on security

Ready Loan investment

of equipment
Credit line of investment with drawing right

Leasing

Leasing of banking equipment
Equipment leasing

Guaranteed examples: guarantee export, tax guarantee.
Ready trade unionist

According to the duration

with very short term (up to 3 months),
with short term (up to 2 years),
with medium term (up to 7 years),
with long run (up to 20 years),
with very long run (beyond 20 years), even perpetual

According to the form

in national currency (case more running, for example the Euro in the Euro area) or in foreign currencies
with straight line Depreciation, constant, or refundable Annual installment in fine ,
with Taux fixes, fluctuating rate or indexed, fluctuating rate wrapped or with course (of course : ceiling)
roll-over , permanent or revolving , on credit line,
in account (debit account, Credit line, overdraft facility), on contract of Ready, promissory note, (loan) bond
in pool
in white vs. guaranteed.

See too

External bonds

Observatory of the debt of the households: behaviors of the French towards the credit

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