Customers pay pre-arranged monthly installments, depending on the size of the credit line. They are primarily offered through branches or telemarketing. Credit insurance offered to consumers, in conjunction with another financial product, to protect them if they experience payment hardship. Cards offered by a retailer that entitles the cardholder to unique benefits, such as discounts on purchases. Long-term loans which range in duration from 11 to 30 years.
Payment terms are primarily monthly.
Mortgages are offered through brokerage houses, agents and dealers. Revolving credit issued under a retailer's or manufacturer's name. Consumers choose how much of the account balance to pay off each month, subject to minimum payments. Closed-end personal loans issued with or without collateral. They are offered primarily through retail channels.