Assume you are a product development manager at a financing company or the consumer loans department of a big bank. You are thinking of offering either a credit or loan product. CHOOSE ONE.

For credit: installment, open credit, and revolving credit.

For loans: secured, unsecured, revolving, term, car, and mortgage.

Describe to the head of products your new product idea. Your product can be simple or complex as you want, but try to be creative! Impress your boss!

(Note: Include the type of credit/loan, credit amount, drawdown amount, interest rate, tenor, frequency of payment, payment amount)

(Pro-tip: As a product dev, usually you would have to do market research on your competitors. So, it would help if you Google different loan products.)