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classical (or depreciable)

The traditional credit (or depreciable)

General definition

The credit can be defined as all transactions by which a banker , trusting to its clients, lends them money. This function of banker is of general interest and is closely monitored, "National Council of Credit", "Banking Control Commission.

According to its duration, the credit bank is divided into three categories: - short-term credit, 12 months maximum;

average loan term of 13 to 84 months;

-

long-term credit over 84 months.

The consumer credit are credits granted to individuals for buying a

made object, as opposed to production credits granted to manufacturers. There are personal loans personal loans affected unaffected.

The loan

staff is a credit extended to the implementation of a determined

purchase or provide services. This is an operation with 3 players:

-

the seller: it instructs the credit file and returns the prior offer specific credit

the borrower ( he keeps a copy);

- the borrower receives and signs the prior offer of credit

-
the lender, it makes funding available directly in the hands of the seller.

In practice, consumer loans "affected" educated and made by banks on loans "caused" operation with only 2 players,

the borrower and the lender. In legal terms, the loan "caused" does not exist. It is considered a loan to the depreciable

consumption unaffected.

Remember to credit "caused" :

- undeliverable with immediate withdrawal period reduced to three days;

- application of stamp duty (flat fee depending on the type loan and the amount 01/01/2006)

personal loan unaffected is a credit designed to finance any expenditure to personal, and the use of funds is not justified.

loans affected or not, does not entail payment of an allowance

prepayment when the customer wishes to pay its loan in advance (partial or total).

operations involved

Offer automotive

The bank loan automobile is a typical example of an appropriation to purchase a specific property. It mainly concerns the market automobile. It directly addresses the needs of the client can determine the project (the value of well-funded, contributions, the budget) based on his personal situation.

The amount, duration, rate and date of sampling are elements to determine with the client.

The amount of funding may be total or partial depending on whether or not the customer wishes to pay a contribution .

Risk assessment of the case is strongly linked to the type of vehicle purchased new or used, the length of the vehicle, the value argus, the inclusion of accessories, use (current use, private, professional, mileage per year ...).

Note: To facilitate the development of Auto Credit, banks sell different packaged solutions (financing, insurance ...).

Offer Personal Loan

Offering personal loans, also known as bank loan, allows the customer to obtain

a sum of money repayable over a period and with monthly payments of

adapted to its budget rebate.

Unlike the credit, the principal repaid in each installment can be re-took

. The customer enjoys complete freedom of use, and may use the award as it sees fit without ever having to justify the amount or nature of its

expenses.

Knowledge of the use of funds will to assess risk and determine the rate .

Offer student loan

General

To conduct a policy of conquest on young customers, banks are developing Offer loan to finance the studies.

The beneficiaries of this offer individuals who are pursuing.

Student loans will be used to cover all expenses related to conducting a

schooling.

In principle, no proof of expenditure is required, therefore, they can finance both tuition, buying books, educational materials ... serve as the payment for current expenses (rent, for example ...).

Specifications

•

The loan

from a minimum of € 1,000 and a maximum of 21 500 €. These loans are unlockable in according to needs of the student.

•

duration The total duration is between 24 and 120 months.

In the modular option, the final duration of the loan may not exceed more than 24 months original length.

• The deferred

A partial or total deferred for a maximum of 5 years is allowed (0 to 60 months):

-

part: in this case, the borrower pays the loan interest and insurance premium Deaths

Disability (NOD); -

total: ADI is only levied on the customer's account, the unpaid interest compounded annually and incorporated into the initial capital.

The student can also ask to modulate the duration of its deferred
total or partial, in the lengthening or shortening the maximum of 2 years from its initial term without it can not exceed 5 years.

This modulation of the grace period makes it possible to shorten the duration of the loan (in case shortening of the university curriculum, for example) or lengthen (if repetition or additional degree ).

•

Periodicity

Four possibilities: monthly, quarterly installments, six-monthly annuity.

• modulation deadlines

The maturity of the loan, when it enters phase damping, can be modulated up or down to 20% of the current term.

The exercise of this option leads to modify the loan but can not increase the

over 2 years compared to the initial term.

• The release of funds

II is at the discretion of the student's needs in one or more times. However, to control

the use of these funds, it is possible to provide a partial release for each school year.

•

rate

II is a fixed rate, depending on the refinancing policy of each bank

e.

In option adjustable rate is also increased on the refinancing policy conduct.

Sheet

technical

product ready for consumption

Presentation The consumer loans are allocated to finance a specific purchase or services. They require the involvement of three parties: the seller, the borrower and the lender. These are personal loans when their purpose is not defined. These are amortizing loans.

Objective

to finance personal expenses, affected or not, and the work of a amount less than or equal to 21 500 €.

Beneficiaries

All individuals in positions of power to borrow.

Amount

The borrowed amount is credited into account.

Maximum undefined; up of 21 500 € the borrower benefits from the protection of the law Scrivener 1.

Duration

Usually 12 to 60 months.

Maximum restraint often 84 months.

Pricing

range of rates.

The offer must state the annual percentage rate and the effective periodic rate.

NB: The French government has decided to retain the name "TEC".

Warranty

-

Deposit spouse or a third person.

-

warranty on the actual object financed (eg lien on the vehicle).

Insurance

Accidental Death and Permanent Disability Absolute (ITT + according to CR option). Insurance contract included in the loan agreement.

handling charges end

The target consists of one share of principal, interest, and insurance premiums when

subscribed.

According to the principle of constant monthly payment, the share capital repaid each

maturity increases gradually as repayments while the share of interest decreases.

-

a renter who has financial resources to purchase equipment, it makes available to the tenant ;

-

The lessor buys the equipment supplier and then sells the enjoyment the tenant. It keeps ownership of the property throughout the contract period.

The tenant has the use of equipment and in return pays the rent periodically

landlord. These three parties agree:

- conditions of the lease, with respect to the lessor and the prospective tenant;

-

the price of materials and conditions of delivery with respect

supplier and the lessee.

operations involved

The LOA is possible on new vehicles only.
The rent structure established at the outset of the contract can be adapted to forecast cash tenant. These rents are generally constant and monthly but can be quarterly

, progressive or regressive.

assurances allow the customer to ensure its capital in case of loss or theft, or sometimes also covers mechanical problems.

It is permissible to transfer a lease to a new tenant if the landlord in

agrees.

Technical

Presentation

Customers choose their vehicle and the control. It transmits the order that accompanied his file LOA.

Objective

Financing of new passenger cars, camping cars, 4x4s and boats.

Operation

The customer pays the rent. The first rent includes some scales

deposit guarantee which is the option to pay on the due date of the contract.

Warranty

c surety possible.

Insurance For the tenant, Accidental Death and Permanent Disability Temporary Disability.

To the vehicle, insurance included in specific schedules.

:

-

insurance replacement value up to 24 months and a financial loss insurance, if

total destruction of the vehicle (theft or damage resulting repairs that List the amount exceeds the market value inclusive of the vehicle).

-

the provision of a replacement vehicle for 45 days maximum if

accident or act of vandalism resulting a total loss or theft of vehicle

- privacy board assistance - practical life.

fees: depends on the lender.

The legislative framework and rigorous discussed above requires a high degree of banker

professionalism.

Beyond the mastery of this regulation, the lender has to build its proposed credit from four major :

-

the project and the expectations of the borrower; -

different types of loans;

-

techniques for customizing credit supply;