# Credit products

## **Business context:**

Credit products define the lending conditions offered by Financial Institutions (FIs), such as loan duration, interest rate, amount, grace period, commissions, contract templates, and collateral, based on customer characteristics.

In timveroOS, there are two key entities: the credit product and its additives:

* **Credit Product:** This entity groups additives by common features such as type of financing, contract template, loan amount range, and loan term. The product's attributes set the overall lending conditions and their possible ranges.
* **Additives:** These specify additional details about the credit product, including collateral requirements and, if applicable, customer categories based on the customer profile.

<figure><img src="https://1150945010-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FUIyo0W6h9h3OnGtkW2pQ%2Fuploads%2FhsA7Yk2b0LremhArIHgm%2FCredit%20Prducts_7.11.png?alt=media&#x26;token=a2bc47eb-4026-49cd-860d-235b92b2399a" alt=""><figcaption></figcaption></figure>

## **Configuration**

Here is an example of a Product creation form. **The fields of this form are customizable on the SDK level.**

![](https://t2574825.p.clickup-attachments.com/t2574825/d6496c25-12bb-410f-9ea8-4d784266a2ee/Screenshot%202024-09-09%20at%2022.06.39.png)

Here is an example of a rendered produc&#x74;**:**

![](https://t2574825.p.clickup-attachments.com/t2574825/884f9c80-93ef-4caa-9099-0c13509de4b8/Screenshot%202024-09-09%20at%2022.06.57.png)
