banks, which are the main suppliers of credit, both individuals and businesses
, usually distinguish Credits:
short term (1 day to 2 years) medium term (2 to 7 years), and long term (beyond). (details: see types of bank loans). This division is not very strict and vary from one bank to another.
also generally distinguished: the
loan, a fixed sum to repay one or more maturities determined the revolving credit or overdraft corresponding to the right to borrow unlimited money from the bank in limits the duration and amount. For the recipient, interest is to use the money according to his need and therefore of credit, revolving credit of
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