64101904 Home equity line of credit

Definition

UNSPSC 64101904

A type of loan in which the lender agrees to lend a maximum amount within an agreed period where the collateral is the borrower's equity in his or her house. The borrower is not advanced the entire sum up front, but uses a line of credit to borrow sums that total no more than the credit limit, similar to a credit card. HELOC funds can be borrowed during the draw period --typically 5 to 25 years. Repayment is of the amount drawn plus interest. The full principal amount is due at the end of the draw period, either as a lump-sum balloon payment or according to a loan amortization schedule.

Same parent

Under 64101900 · 12

64101901 Automotive loan Commodity 64101902 Equipment loan Commodity 64101903 Forfaiting loan Commodity 64101904 Home equity line of credit You are here 64101905 Home equity loan Commodity 64101906 Inventory loan Commodity 64101907 Mortgage loan Commodity 64101908 Receivable loan Commodity 64101909 Unsecured loan Commodity 64101910 Unsecured revolving line of credit Commodity 64101911 Lock box Commodity 64101912 Safe deposit box Commodity

Activities that produce or sell this

KBLI · 10

Inherited from family 64100000.

64121 Perbankan Umum Konvensional Sub-class 64122 Perbankan Umum Syariah Sub-class 64123 Perbankan Konvensional Lainnya Sub-class 64124 Perbankan Syariah Lainnya Sub-class 64191 Aktivitas Pemberian Kredit oleh Koperasi Konvensional Sub-class 64192 Aktivitas Pemberian Kredit oleh Koperasi Syariah Sub-class 64199 Perantara Moneter Lainnya YTDL Sub-class 64996 Aktivitas Perbankan Bulion Konvensional Sub-class 64997 Aktivitas Perbankan Bulion Syariah Sub-class 66141 Penyediaan Jasa Pembayaran Sub-class