Rate credits often serve, to fulfil an one or other wish whose realisation one could not permit himself without such credit.
Before one can take out, however, a rate loan, the requested credit institute will check in general the credit standing of the petitioner. If nothing speaks against the guarantee of a credit, the desired sum is made available to the petitioner.
The applicant undertakes as a countermove to pay back the credit plus the agreed attacking interest. This happens - as the name describes rate credit already - in the form of mostly equally high rates. In this manner one can pay off a higher sum steadily in the amounts which load the other financial resources in the ideal case not too strongly.
Mostly rate credits serve to finance consumption wishes - expensive acquisitions as for example fitments or household electronics can be pressed in this manner often better.