How to choose a profitable loan
How to choose a profitable loan
The need for money can be met by taking a loan. But now the number of loans and banks issuing these loans is huge! We'll figure out how you can choose the most profitable consumer loan.
Instructions
1
Let us denote the quantity of funds to usThe sum of the loan depends on the purpose for which we take the loan: apartment repair, car purchase, wedding, vacation ... a great many of our desires. BUT! The bank may not approve the loan size we have chosen. The bank is more likely to approve long-term bids. That is, the longer we plan to pay with the bank, the more we can count on a large amount.
2
We choose the crediting period.The choice of the loan term depends on the amount of the loan and the financial possibilities of its return. At the moment, banks provide a loan for a period of 6 to 60 months. The spread is large, there is plenty to choose from. It happens that the total amount of overpayment can exceed the loan amount twice. Therefore, we take into account that the optimal term for consumer lending is not more than a year.
3
We study the conditions for lending to different banks.To do this, we go to the sites of well-known banks (Sberbank, Alfa Bank, etc.). These official pages describe all the credit facilities provided by the bank, and the conditions that must be met for obtaining a loan (age, set of documents, additional items). But often there are "vague" conditions: the interest rate is indicated in the range (the difference between the lowest and the highest percentage can differ by 70 points .For example, Alfa Bank offers from 6 to 70% per annum). Or we can use sites where we can compare the terms of lending to different banks, for example, "Credit Compass" (http://kompaskreditov.ru/), and only then go to the site of the bank, whose loan we have chosen.
4
We will submit an application.To apply for a loan, we can visit the nearest branch of the bank chosen by us, but it is much more convenient to place an online application on the site of the same bank. The advantage of the online application is that we can know in advance (without spending time visiting the branch) whether the bank will approve our application for a loan and what interest rate it will provide for our loan. On online applications, bank representatives respond within 24 hours.
5
Choose the most advantageous option.We will not limit ourselves to one option: we will apply online for three (or more) loans. After the calls of the representatives of the bank, we will simply select the most favorable conditions and arrange a loan for these conditions.
