The credit rate is the regular payment made by a borrower to the lender to repay a loan. Depending on the type of loan, interest rate and term, it varies. In general, the instalment consists of one part interest and one part repayment or amortization of the loan amount. Its amount, the frequency of payments and the total number of instalments depend on the terms of the loan and the repayment schedule. The different forms of loan instalments are explained under the article “Repayment”.