Credit glossary

Loan and mortgage terms in plain language

12 terms

  • Ефективна ставка

    Real loan cost with all fees, % APR.

  • Аннуїтет

    Equal payment: interest-heavy first, principal later.

  • Класичний графік

    Declining payment: equal principal + interest on balance.

  • LTV

    Loan-to-value, %.

  • ДТІ

    Debt-to-income: payments/income, %.

  • Прострочка

    Missed payment — a bureau record.

  • Реструктуризація

    Loan term changes by bank agreement.

  • Поручитель

    A person liable for the borrower's debt.

  • Застава

    Property securing the loan.

  • Факторинг

    Selling receivables to a bank at a discount.

  • Овердрафт

    Negative-balance limit on a current account.

  • БКІ

    Credit history bureau.