Credit agreements are often necessary before the lender can use the funds made available by the borrower. Revolving credit accounts typically have a simplified credit application and agreement process as non-revolving credits. Non-revolving loans – such as private loans and mortgages – often require a larger demand for credit. These types of credit typically have a more formal credit agreement process. This process may require the signature and agreement of the lender and the customer in the final phase of the transaction process. the contract shall be deemed valid only when both parties have signed it. In 2018, the Home Credit Group began selling its business in the Czech Republic, consisting of Home Credit Czech and Slovak and Air Bank to Moneta Money Bank. .