otsekrediit
Otsekrediit is a term used in Estonia to describe a type of loan where the borrower receives the funds directly, as opposed to a loan that might be tied to a specific purchase or service. This direct disbursement of funds gives the borrower flexibility in how they use the money. Otsekrediit can encompass a range of loan products, including personal loans, consumer loans, and sometimes even certain types of unsecured credit lines.
The key characteristic of otsekrediit is that the lender provides a lump sum of money to the
Borrowers typically apply for otsekrediit from banks, credit institutions, or other financial service providers. The application