Lending Programs

To offer lending products like Charge Cards, you'll need to get a Lending Program approved by the Bank.

Think of your Lending Program as a credit line set by the Bank. This size of the credit line determines the total amount you can lend to your customers through lending products connected to the particular Lending Program.

The total credit issued to customers cannot exceed your Lending Program's size. This ensures responsible lending practices.

The Bank may approve several Lending Programs, each tailored to specific lending products you offer to your customers.

Besides program limit size the Lending Program also includes other essential attributes, such as type, name, and date of creation.

Lending Program Types

Currently you can open several Lending Programs types with the Bank, depending on the type of the Lending products you plan to offer to your customers. Later other types of Lending Program Types will be introduced.

type	Description
BankSponsoredBusinessChargeCard	Business Charge Card with the capital for lending purposes is provided by the Bank
ClientSponsoredBusinessChargeCard	Business Charge Card with the capital for lending purposes is provided by the Client
ReceivablesRetention	Business Charge Card where the capital for lending purposes is provided by the Bank, and receivables are created and retained by the Bank to enable financial charges like interest and fees on the card

Lending Program Extended Information

At any point of time an extended information on the current status of the Lending Program can be extracted. It contains the data on utilized and available part of the Lending Program size.

Extra information for the lending program Lending Program Extra Information