Car title loans for August 2022.
Types of consumer loans.
Most consumer loans can be divided into several types according to the following main characteristics:
1. Purpose of the loan:
targeted loans – the use of borrowed funds is negotiated in advance with the bank (purchase of equipment through an intermediary point of sale, payment for training, repairs, etc.);
non–targeted loans - the borrower does not notify the bank about the purpose of the loan.
You can get car title loans from us at any time convenient for you.
2. The method of issuing a loan:
making a credit card;
transfer of borrowed funds to the account of the company-seller of inventory and services;
in cash at the bank's cash desk.
3. Borrower category:
loan on general terms for all categories of clients;
a loan on preferential terms.
4. Type of collateral:
unsecured loan is the most popular type of loan among the population, the main advantage is the lack of collateral;
collateral loan – the client provides the bank with movable/immovable property, a deposit or a guarantee of an individual as security.
5. The procedure for obtaining a loan:
one–time loan - the loan is issued in one amount;
revolving credit – the client can expect to receive credit funds within the period stipulated by the agreement.