CONSUMER LOANS, THEIR CLASSIFICATION

After analyzing the process of consumer lending, have come to the conclusion that the commercial Bank issuing consumer credit, promotes, primarily, to the solution of social problems associated with the need to improve living conditions, payment of medical and educational services etc. besides it, stimulating the demand for goods, helps to increase their production and sales, thereby increasing the economic potential of the country. Orientation of commercial banks to private borrowers also contributes to improving the quality of their credit portfolio through the expansion of the Bank's customers and the types of available loan services.