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Extensive use and popularity of consumer loans is justified by the simplicity of obtaining them, in fact, which is usually associated with a small amount of the loan and its relatively short duration. As See here a result of this, the number of similar loans is not reduced, even during a monetary decline, and almost all banks are doing retail consumer lending a key area of ​​personal work. However, in the distance, not all borrowers are using the outstanding qualities of loans for consumer affairs in absolute measure; as a result of this, it will be absolutely logical to look at the issue in more detail. Consumer loan is usually understood as a loan, which is issued, in a key way, to physical persons for the purchase of some consumer products or offers. By and large, a variety of similar loans are including mortgage or car loans, however, it is considered to be their separate types of lending. The leading features of consumer loans are their short duration, which is sometimes higher than 1.5-2 years, and even minor, compared to the already mentioned mortgage and car loans, the amount.

Quite often, consumer credit is issued in the form of installment payments, when interest on the loan does not differ, being included in the price of the product. In this case, the loan, in essence, is issued by the outlet, and not by the bank, without being a full-fledged loan, for example, as its formal symptoms in the form of% are missing for the use of borrowed methods and solutions of the loan contract.

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In real time, there are a number of types of consumer loans that can be classified according to their different characteristics:

Non-target Similar loans are issued in cash or by credit card. Actual features of these loans are the highest, compared to the motivated, the interest rate, and even the youngest loan value. Ignoring this, according to the opinion of many monetary experts and experts on the banking market, this picture of consumer loans is considered to be the most common;
Motivated. Issued by the bank to purchase a specific product or offer. Often, the registration happens in the store, where the borrower has already picked up the purchase he needs. Often this picture of the loan is used to pay for all sorts of offers, for example, healing or a tourist trip;
Express loan. A relatively fresh picture of lending, which is provided in most cases on the Internet, speaking, in essence, an improved and more profitable for the buyer version of microloans. The leading features of similar loans are the highest interest rate and a small amount of credit;
Credit Bank Card. This variant of the loan design, when loan methods arrive at the plastic of the buyer, is very quickly gaining popularity. The basis of this is the simplicity, security and comfort of the procedure for crediting funds in conjunction with the growing number of cards every day that are in the hands of physical bodies.

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