It is a return in money where the person undertakes to repay the amount requested in the time period defined by the conditions laid down for such loan more the interest paid, insurance and associated costs if any.
TYPES OF CREDITS.
TYPES OF CREDITS.
- Traditional credit: Loan covering one foot and a number of contributions to be agreed.Typically these fees include insurance any sinister involuntary.
- Consumer credit: Loan in the short or medium term (1 to 4 years) used to acquire property or cover payment for services.
- Commercial credit: Loan that is made to business indistinct size for the acquisition of goods, payment of services of the company or to refinance debt with other institutions and providers of short-term.
- Mortgage credit: Money that gives the Bank or financial to acquire an already built property, land, construction of homes, offices and other property estate, with the guarantee of the mortgage on the property purchased or constructed; It is usually agreed to be paid in the medium to long term (8 to 40 years, even though typically are 20 years).
- Consolidated credit: Is a loan which adds all other loans that you have under way in one unique and new credit. Reunite all their loans allows you to lower the interest rate on loans in the short term and pay less per month.
- Personal credits: Money that gives an individual the Bank or financial person physical, and not a people, to acquire a good piece of furniture (understood as well for goods which are not properties/houses), which can be paid in the short or medium term (1 to 6 years).
- Inventory credits: Money which gives the Bank or financial institution to a person physically, and not people legal to turn the purchase of movable property, usually the element must be approved by the Bank or financial institution, and given that this piece of furniture to buy good stay with one garment, until eradicated once the financial institution or bank debt.
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