Financial services appeared at the primary stage of economic relations of the humanity. During the whole course of the development of the society a lot of new services have been introduced. At present, financial services are given mainly by banks (or other lenders e.g. credit unions, savings and loan organizations, etc.). As a matter of fact, banking business is internationally known to be one of the most lucrative up-to-date commercial options. The basic functions of the leading financial institutions include: various operations with money and commercial property, real estate investing, asset management, transfers, currency exchange, crediting (granting loans) and a great variety of others.

Loan refers to a separate sum of money given by one legal entity to another (alternatively to a private person) to be used during a certain period of time. There are a plenty of credit programs, such as: mortgage loans (issued to clients with the purpose of purchasing or long-term renting of a house, apartment or any type of commercial property); start up business loans (to commence own commercial activity); immovable property loans (to buy motor vehicles, such as cars, motorcycles, motorboats, etc.); personal loans (consumers' credits) and others. Personal property loan option is characterized by standard credit programs with individual approach to every client as far as the repayment conditions and the interest rates are concerned. The establishments who give out loans are collectively called personal loan lenders (analogically, those who are legally licensed to grant individual property loans are commonly known as personal property loan lenders).