The action to ask or pretend something it is known as request (from Latin sollicitūdo). A request, therefore, is a diligence or an order.
Latin is where the etymological origin of the term request is found. Specifically, it comes from "sollicitudo", which is made up of these three distinct parts: "sollus", which can be translated as "integer"; "Citus", which is synonymous with "agitated", and finally the suffix "-tud", which is equivalent to "quality".
The notion of credit , on the other hand, refers to an amount of money that is obtained as loan . A Bank who gives a credit of 5,000 pesos to a person is lending that amount. The subject must return the money in a certain period of time plus the interests that represent the profit of the bank. Thus, to receive a credit of 5,000 pesos, the individual will have to pay back, for example, 6,000 pesos (the amount he received as a loan plus interest).
Credit, meanwhile, also has its origin in Latin. In your case, we can determine that it has evolved from the verb "credere", which is synonymous with "believe."
It is known as credit application to the procedure that involves requesting a loan from a financial institution . The request itself is composed of documents requested by the bank to carry out the credit evaluation: if the person meets the requirements demanded by the entity, the loan will be approved.
Although it varies in each bank, the loan application usually includes a form to be completed by the applicant, a proof of stable income (as a salary receipt) and the photocopy of your National Identity Document (DNI) .
To buy a home, start up a business or even to buy a car, many people make the decision to carry out a loan application to their financial institution.
In addition to these documents, it is common for a series of requirements to be established not only to be requested but also to be granted. Among them is that the person who performs it is of legal age and that in the case of not having income, present a sufficient guarantee such as a property.
Importantly, the submission of a loan application does not require the bank to grant the loan. It is, precisely, a request, an order that the bank customer makes to the entity in order to access the credit. The bank, therefore, has the power to reject the request.
At present, and due to the economic crisis that is ravaging the world in general, the credits granted by banks have been reduced. However, in the face of this, companies specialized in those that even work only online have increased. Those usually offer personal loans that are amortized by paying a fee as well as the corresponding interest.
They also offer various modalities, such as renewables that can be requested more than once.