Guides

Central Credit Register
The Central Credit Register (CCR) is a database that gives an overview of household and business debts to the banking and financial system. It serves customers who have a good “credit history” to obtain financing more easily and on better terms. It is used by banks and finance companies to assess customers’ ability to repay their loans.

Mortgage loan
A mortgage loan is a medium- to long-term loan, typically lasting from 5 to 30 years. The customer usually receives the entire sum in one lump sum and repays it overtime in instalments of consultant or variable amounts. It is used to purchase, particularly a home. It can also be used to replace or refinance mortgages already obtained for the same purposes. It is called “mortgage” because the payment of instalments is secured by a mortgage on a property. It can be granted by banks and other financial operators, which we call all “intermediaries” in this Guide.

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