About loans

Loan - a loan agreement between the lender and the borrower about the provision of cash or commodity-material values to certain conditions (payment of interest and repayment period) with a view to ensuring any activities that meet the needs and etc.
Mandatory elements of the credit agreement are subjects of the agreement (the lender and the borrower), the subject of the contract (that is passed to the duty of the goods, money, etc.), timethrough which the debtor must return the amount of the loan, and the condition of payment, i.e. on paying back of the money, with the increase for a certain value (in percentage), which is a charge for the use of the loan.
In credit transactions must be observed that allow the return movement of funds, namely: the principles of maturity, recovery, security, payment of interest and differentiation. The application of all the principles of crediting allows to observe the interests of the Bank (the lender) and the borrower.
Commercial banks provide their customers various types of loans, which can be classified according to various criteria.
First of all, the loan is classified by main groups of borrowers. The loan may be issued by the state and non-state enterprises and organizations, the population, citizens engaged in individual labor activity, state authorities, other banks.
Depending on the direction of investment credit resources allocated loans: consumer, agricultural, investment, budget, industrial.
Different terms of repayment of the loans allow you to distinguish loans are short-term (issued for a term of up to one year), medium-term loans (with a maturity of 6 to 12 months) and long-term (term of payment of which are beyond the year) .There type of loan of special urgency, онкольный credit (from English money on call «the loan on demand»), which is repayable on demand.
The size distinguish loans to large, medium and small.
Bank loans are classified depending on the currency used in lending: loans in rubles, us dollars, Euro; to ensure - unsecured (blank) loans and secured, which in turn are divided into mortgaged, guaranteed or insured, as well as for loans without collateral.
By way of the issuance of Bank loans are distinguished for loans compensation and payment. The compensation credit is sent on the settlement account of the borrower to compensate the last of its own funds. Paying the loan shall be forwarded directly to the payment of the settlement-cash documents presented by the borrower to pay.
On the methods of repayment distinguish Bank loans, repayable in installments (parts of) and loans repaid in a lump sum on a specific date.

For the population of the loans is divided into:
• Consumer credit
• Car loan
• Mortgage