der Ratenkredit
Translation
instalment loan, personal loan
Examples
Für das neue Auto nimmt er einen Ratenkredit auf.
He is taking out an instalment loan for the new car.
Grammar Patterns
((et4)) aufnehmen to take out (sth.) He is taking out an instalment loan.
Similar Words
Darlehen (loan), Finanzierung (financing)
Etymology
Composed of 'Raten' (instalments) and 'Kredit' (credit/loan). Literally means an 'instalment credit'.
Memory Tips
Think of paying at a certain 'rate' for a 'credit'. It's a loan you pay back in rates or instalments.