Credit Intermediation

Credit Intermediation

What is it?

The credit intermediary is the person, natural or legal, who participates in the process of granting credit:

• Presenting or proposing credit agreements to consumers;
• By assisting consumers in the preparatory acts of credit agreements even if they have not been presented or proposed by you;
• Entering into credit agreements with consumers on behalf of the lending institutions;
• Providing advisory services by issuing personalized recommendations on credit agreements.

The credit intermediary is not authorized to grant credit, nor to intervene in the marketing of other banking products or services, such as term deposits or payment services.

• Presenting or proposing credit agreements to consumers;
• By assisting consumers in the preparatory acts of credit agreements even if they have not been presented or proposed by you;
• Entering into credit agreements with consumers on behalf of the lending institutions;
• Providing advisory services by issuing personalized recommendations on credit agreements.

The credit intermediary is not authorized to grant credit, nor to intervene in the marketing of other banking products or services, such as term deposits or payment services.

Even if a credit intermediary intervenes, the credit is always granted by an institution authorized to grant credit (e.g. credit institutions).

Credit institutions, financial corporations, payment institutions and electronic money institutions authorised to carry on their activity in Portugal may provide credit intermediation services in relation to credit agreements in which they do not act as creditors.

These entities may also provide advisory services in respect of credit agreements where they are creditors or act only as credit intermediaries.