Consumer credit

Consumer credit is a type of loan that concerns transactions other than those relating to real estate. It responds more particularly to a cash flow need of a borrower wishing to finance the purchase of consumer goods.

It is therefore not necessarily an assigned credit, that is to say a credit which is triggered upon the purchase of a product and the presentation of its invoice (as for the auto credit when purchasing a car). For information, the consumer credit can be used in many circumstances.

A consumer loan is granted by a specialized credit institution or a bank to the extent that the borrower is able to meet their monthly payments and therefore repay it.