Consumer Credit

• home loan

  A loan secured by equity value in the borrower's home.

• installment credit

  A loan repaid with interest in equal periodic payments.

Also contains

• bank loan

  A loan made by a bank; to be repaid with interest on or before a fixed date.

• personal loan

  A loan that establishes consumer credit that is granted for personal use; usually...

• direct loan

  A loan by a lender to a customer without the use of a third party; direct lending gives...

• call loan

  A loan that is repayable on demand.

• participation loan

  A loan that is shared by a group of banks that join to make a loan too big for...

• point

  One percent of the total principal of a loan; it is paid at the time the loan is made and...

• time loan

  A loan that is payable on or before a specified date.

• real estate loan

  A loan on real estate that is usually secured by a mortgage.

• principal

  The original amount of a debt on which interest is calculated.