Further reading

Bank credit refers to a form of credit in which banks are used as intermediaries to raise monetary funds by means of deposits and provide funds to various departments and enterprises of the national economy by means of loans.

Bank credit is the credit provided by banks or other financial institutions in the form of money. Bank credit is developed on the basis of commercial credit with the appearance of modern banks. Bank credit and commercial credit together constitute the main body of the credit relationship between modern economy and society.

Different from commercial credit, bank credit belongs to indirect credit. In bank credit, banks act as credit media. Marx described it this way: "Bankers concentrate a large amount of borrowed monetary capital in their own hands, which sets industrial capitalists and commercial capitalists against each other. They are not single money lenders, but bankers representing all money lenders. The banker became the general manager of monetary capital. On the other hand, because they borrow money for the whole business society, they also gather borrowers and oppose all lenders. On the one hand, banks represent the concentration of monetary capital and lenders, on the other hand, they represent the concentration of borrowers. "

Consumer credit is also called retail credit. Credit provided by banks or enterprises to consumers. Under the capitalist system, the main forms of consumer credit are "installment payment" and "consumer loan". Installment payment is a skill for capitalists to sell goods. Its business content is that when consumers buy high-end goods, they can get the goods without paying or paying part of the money, and then repay the arrears in installments. If the consumer can't repay the money on time, the goods he bought will be taken back and the paid money will not be returned. Consumer loans are loans provided by banks to consumers through credit loans or mortgage loans, as well as credit cards and check guarantee cards. Consumer loans are generally provided to people who are unable to pay in reality. Buyers of houses and cars are the main targets of consumer loans in capitalist countries, and individuals obtain mortgage loans with their houses and cars as collateral.