What is a product-specific loan?
Update on 30/01/2023
A product-specific loan is a loan used for a specific good or service, for example, the purchase of moveable goods (furniture, car).
A product-specific loan is granted by a credit establishment or a bank and sometimes is granted directly at the place of purchase (store or website). It is a consumer credit loan and the lender of the product-specific loan must comply with the contract regulations of a consumer credit loan.