Russia

Well IS - "CREDIT"

   Loan - a loan of cash or marketable, which gives the lender to the borrower. In such a situation it becomes imperative repayment with additional interest payments for the use of credit.

   Percentage may vary from bank to bank. Also, other than that, it depends on the length of the loan and the loan amount.

   Given the period for which the credit is issued, it may be: short, medium and long term.

   Depending on the lending institutions, loan terms can range from several weeks to several decades.

   To date releases massive amounts of loan types: public, commercial, banking, international and retail.

   The most common one is the last one. This includes mortgage, consumer, automotive, and other types of loans.

   Retail loans are made directly to individuals by financial institutions. Such a loan can be a target or non-target.

    Target credit - issued for the purchase of certain goods.

    Untied loan - can be spent at the discretion of the borrower.

   Credits may be given as cash or through credit cards, at the discretion of the borrower.