Personal non-mortgage loan services for non-business purposes
CPC v2.1 Code: 71133
About personal non-mortgage loan services for non-business purposes
cpc code 71133 covers the provision of personal non-mortgage loan services for non-business purposes. This industry plays a crucial role in the broader financial services sector, catering to the lending needs of individuals and households. These loan services are essential for facilitating personal financial transactions, supporting consumer spending, and enabling individuals to achieve their financial goals, ultimately contributing to the overall economic well-being of a society.
Production process
The main production techniques in this industry involve the assessment of loan applications, the underwriting process, and the disbursement of funds. Lenders typically evaluate the creditworthiness of applicants, considering factors such as income, credit history, and collateral, to determine the risk profile and appropriate loan terms. Once approved, the funds are then transferred to the borrower's account, and the repayment schedule is established.
Production inputs
The key inputs required for this industry include financial capital, which is used to fund the loan portfolio, as well as skilled personnel, such as loan officers, underwriters, and customer service representatives, who are responsible for the various stages of the lending process. Additionally, lenders may rely on technology-based systems and platforms to streamline the application, approval, and servicing of loans.
Production outputs
The primary output of this industry is the provision of personal non-mortgage loans to individuals for non-business purposes. These loans can be used for a variety of personal financial needs, such as 71121 Household appliance repair and maintenance, 71122 Household furniture repair and maintenance, or 71131 Personal mortgage loan services. The availability of these loan services helps to support consumer spending and personal financial management, contributing to the overall economic activity.
Family tree for personal non-mortgage loan services for non-business purposes
graph LR
A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/711'>711: Financial services, except investment banking, insurance services and pension services</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7113'>7113: Credit-granting services</a>"]
D --> E["<a href='/classifications/cpc/v2-1/71133'>71133: Personal non-mortgage loan services for non-business purposes</a>"]
D --> F["<a href='/classifications/cpc/v2-1/71131'>71131: Residential mortgage loan services</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71132'>71132: Non-residential mortgage loan services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71134'>71134: Credit card loan services</a>"]
D --> I["<a href='/classifications/cpc/v2-1/71135'>71135: Non-mortgage loan services for business purposes</a>"]
D --> J["<a href='/classifications/cpc/v2-1/71139'>71139: Other credit-granting services</a>"]
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classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px
%% Apply classes
class A level1
class B level2
class C level3
class D level4
class E level5
class F level5
class G level5
class H level5
class I level5
class J level5
class E highlight
%% class A level1
%% class B,C level2
%% class D,E,F,G,H,I level2
%% class J,K,L,M,N,O,P level3
%% class E highlight