Car Loan - type of lending provided by the borrower to purchase a vehicle with a deferred payment. Car loans can be obtained directly in the showroom, where you can select a car and a bank or directly at the bank, which can be time-consuming, but you'll just cooperate with the bank, which was chosen in advance. When you make a car loan should pay attention to the possibility of early repayment without penalties, the possibility of financing with no down payment, the reliability of the insurance companies (banks, usually working with several companies), tariff rates insurance companies on the hull, and partial hull. In the medium term car loan - 3 years. The longer the loan - the smaller will be the monthly payments on it, but most of the total sum price of goods (overpayment). Also accompanied by high rates of auto loans used cars. One of the prerequisites autocredit yavlyaetsya comprehensive car insurance and in some cases, and life insurance.

Car loans - the kind credit provided by the borrower to purchase a vehicle with a deferred payment. Car loans can be obtained directly in the showroom, where you can select a car and a bank or directly at the bank, which can be time-consuming, but you'll just cooperate with the bank, which was chosen in advance. When you make a car loan should pay attention to the possibility of early repayment without penalties, the possibility of financing with no down payment, the reliability of the insurance companies (banks, usually working with several companies), tariff rates insurance companies on the hull, and partial hull. In the medium term car loan - 3 years. The longer the loan - the smaller will be the monthly payments on it, but most of the total sum price of goods (overpayment). Also accompanied by high rates of auto loans used cars. One of the prerequisites for car loans yavlyaetsya comprehensive car insurance and in some cases, and life insurance.

Annuity - a program of repayment of credit indebtedness equal installments. In the case of annuity payments each month is paid equal to the largest sum that includes as part of the principal and interest accrued on the balance. Such a method of debt repayment is characterized primarily for mortgage lending and is due to the convenience of the loan to the borrower.

Base interest rate - the lowest interest rate on loans to commercial banks provide a large reliable companies and credit-worthy customers, this rate is generally lower interest rates on other types of loans.

The Banking Commission - the amount the bank collects from the customer's account for certain transactions such as account maintenance, cash withdrawal with credit card or check processing credit agreement.

Revolving credit is of - allows a customer as repayment of the loan or part of it again to get a loan within the agreed limit.

Loan - a contract in which one party (lender) transfers to another party (the borrower) to the ownership or control of money or goods, and the borrower, in turn, obliged to repay them in full and within the contractual period.

Collateral - some tangible assets that the borrower passes the lender as a guarantee of its debt obligations.

The collateral value - market value of the property providing credit. Often it affects the maximum loan amount.

Mortgage - most banks, the term "mortgage" are referring to a service credit purchase the property at which acquired or already owned by the borrower's property acts pledge.

Mortgage secondary - second mortgage - a new loan is allocated under the already established property, but the amount of both loans should not exceed 75-80% of the value of the property collateral and the bank issued a second loan to become a creditor of the second stage.

Primary mortgage - the kind of mortgage, which is created on the basis of previously mortgaged property. Banks often limit the mortgage amount not exceeding 75% of the value of collateral.

Mortgage loan - a service credit purchase the property at which acquired or already owned by the borrower's property acts pledge.

The classical scheme of repayment - loan repayment, in which the principal amount of the loan is paid equal to the proportion of Mi, and the interest payable on the balance of the loan amount, reducing the final price of goods (the overpayment on the loan), but complicates budget planning due to different amounts of monthly payments .

Коллекторская компания - компания, которая занимается взиманием долгов с заемщиков, которые не платят в установленные кредитным соглашением сроки. Collection company - a company that collects the debts from borrowers who do not pay within the credit agreement terms.

Loan - a loan of money or other form subject to repayment within a specified period of the loan agreement with interest payments.

Cash loan - it's untied loan that is issued by the simplified scheme does not require collateral and guarantors. The Bank does not require information on the intended use of borrowed money, and usually the loan is issued within a few hours, but the amount of such credit is usually not great, and the interest rate and monthly bank fee high enough compared with other types of credit may also apply monthly fee for servicing the loan and for his one-time provision.

Credit Card - a plastic card which allows to make payments for goods and services, receive cash, as well as take a bank loan for Short-pre-specified amount in a predetermined period of time.

Line of credit - kind of loan, which involves a phased use of credits within the specified limit.

Mortgage broker - intermediary between the prospective borrower and the bank, whose duties include the analysis of needs and financial possibilities, the client on the basis of which he selects the most profitable for the customer credit conditions in the market among banks.

MORTGAGES - specialist lending book, which clarifies the circumstances of the loan, conducts initial assessment of credit risk, examines the information about income and business potential borrower, as well as oversees the customer to complete the transaction. It is very important for a successful business deal to provide all requested by info in an accessible and transparent manner.

Credit limit - it is "overdraft" - the amount, within which the Bank will conduct operations from customer accounts with no funds for it.

Credit risk - the risk of default, non-payment of funds under the terms of the agreement by the borrower, leading to financial losses for the lender.

Credit Union - a nonprofit public organization, created to the interaction of its members through the use of cash deposits made by them is borrow from the credit union may only one of its members, so in order to use the services of a credit union you need to become a member.

Accrual of interest on the balance - see the classical scheme of repayment.

Untied loan - a loan provided by the borrower without giving them the purpose of receiving such a loan.

Nominal interest rate - the interest rate without adjusting for inflation.

Overdraft - see the Credit Limit

Penalty - a certain amount of money that is payable in case of delayed payments.

Down payment - part of the value of the property, which must be the borrower for the loan.

Floating interest rate - the interest rate, which applies only to long-term loans, which size is not specified on the entire loan term and reviewed after the stipulated period of time.

Consumer credit - short term loans to the population, for the purchase of various consumer goods and services, as well as payment of expenses of a personal nature.

Simple interest rate - the interest rate that applies to the loan amount throughout the loan.

Interest rate - charges the borrower for the use of funds as a percentage of the loan amount at the rate for a certain period of time.

Syndicated loan - a loan provided by several lenders to one borrower by pooling creditor participants.

Skorring - assessing the creditworthiness of potential borrowers, which is based on the method of mathematical analysis.

Individual - a term used in civil law to designate a person as a participant of legal relations.