> Affinity Loans
Closed-end or revolving personal loans offered to members of affinity groups such as automobile associations, teacher associations, and other organizations.
> Consumer Loans
Revolving or fixed closed-end lines of credit. Customers pay pre-arranged monthly installments, depending on the size of the credit line. These are also referred to as direct-to-consumer loans, unsecured revolving loans or direct loans, depending on the market. They are primarily offered through branches or telemarketing.
> Insurance
Credit insurance offered to consumers, in conjunction with another financial product, to protect them if they experience payment hardship.
> Sales Finance
Closed-end personal loans issued with or without collateral. They are offered primarily through retail channels. Term loans range anywhere between 12 and 120 months, and there are often interest-free periods as well as no annual fees.
|
