• Direct loans
• Bank loan transactions, for which the bank makes a certain and immediate outlay in favor of its borrower. They understand:
• Credit opening on current account.
• Guaranteed advances.
• Exchange grant.
• Self-liquidating operations

Disposal operations, in which the financial means necessary for the repayment of the sums come from a third party, usually the debtor of the borrower. They can happen: With recourse , if at the due date the third party destined to pay does not fulfill its obligation, the bank will rival its subsidy, debiting the amount of the credit and the expenses incurred to obtain the reimbursement Payday Loans Online In Fresno – fastloanca.

Without recourse , in this case the borrower is completely relieved of any responsibility for the successful outcome of the transaction, since the bank waives any recourse against him in the event of non-payment. They are divided into bank discount, advance on portfolio subject to collection and factoring.

• Direct loans
• Direct loan with opening of credit in current account

The bank undertakes to keep at the customer’s disposal, for a certain period of time, a sum of money that can also be used with partial withdrawals and restored with subsequent payments. The loan is formalized with the customer’s signing of the contract letter , which indicates all the conditions governing the relationship:

• Amount of  credit granted.
• Interest rate.
• Other cost components.
• Deadline.
• Days of notice required in case of withdrawal by the parties.
• The opening of  a current account credit can be:
• Fixed term , granted for a period of time not exceeding eighteen months and in which the bank can withdraw only for just cause.
• Indefinitely , granted until revoked and in which the parties can withdraw from the contract with very short notice (usually fifteen days), within which the borrower must repay the sums borrowed.
• In the open , when the loan is not backed by any collateral.
• Guaranteed , when the loan is accompanied by guarantees, real or personal, requested by the bank or, much more rarely, offered by the customer.
• Direct loan with guaranteed advance

It is a short-term monetary loan agreement secured by a pledge on commodities or securities (also called an advance on pledge). The debtor gives the assets as collateral, losing their availability but not the property ; the bank undertakes to keep the assets and return them following the extinction of the loan. Only in the event of non-repayment, the goods will be sold at auction.