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