Installment - this is a loan without interest. What's the catch, and whether it is at all?
Right A Life / / December 19, 2019
Installment - this is a loan without interest. What's the catch, and whether it is at all?
How to buy products without overpayment why banks give interest-free loans and why it is beneficial to the shops - are investigated along with the card installments "Halvaยป .
What is an installment plan?
Installment - a way to pay for the goods in which the buyer gives the money in installments over a specified period. Goods thus he gets right.
For example, you want to give mom on New Year a good laptop, but the money you have now is not it. If the store has a service installment, you can pay a reasonable amount for you in December and put the laptop under the tree, and the remaining amount to pay for a few months.
Buying goods on the installment plan, you take a loan is not the seller and the bank. He immediately store lists the full amount of your purchase and you return the money, the banks, with no interest.
Why is it beneficial to the bank?
Of course, giving money in the bank debt is not an act of charity. He earns it, getting their interest on installments. Only pay for them is not the buyer, and the shop, so you are worth nothing.
And shopping is what?
Installment helps shops to sell, because it allows the buyer to buy your favorite thing right now, and not wait for salary or proper arrangement of stars. Postpone the purchase, it can not have her back. Besides installment allows customers to buy more expensive things.
Thus, offering credit, store revenue increases and remains in positive territory even after shared with the bank part of the profits.
But there is some kind of trick?
Some sellers disguise a loan installment and include interest in the amount of payments. But these two products are not as difficult to discern if you understand the difference.
When you take goods on credit, it is costing you more than the regular price. You pay not only the cost but also the interest to the bank that you will be charged for the use of borrowed funds.
When you give installments for the product as much as the rest of the customers, just not all at once, and for you to schedule convenient.
The nuances of pricing should be spelled out in the contract.
Every time you purchase in installments need to enter into a contract?
Not always. Sometimes, you come to the store and see on the product label "installments". To buy it, you have in place to conclude a contract with the bank - shop partner, who will pay for your purchase. Under this scheme you really have to make out of paper every time you decide to buy something.
The alternative - card installments, which can issue bank. In this case, it will be enough to submit an application once, and then just pay the card as usual.
A map of how the installments?
You pay the bank the money, according to the map set individual spending limits - like a normal credit card. But there is a fundamental difference: the cost of credit card you need to fully compensate for a relatively short period of time. Money on the map you return the installments in equal installments, and the time depends on the store and the purchase amount. For example, the map "Halva"Maturity of the cost of buying a more expensive 3.5 thousand rubles is not less than four months.
Pay card installments can not in any store, and only those who cooperate with the bank that issued the card. The number of partners - an important indicator, if not enough of them, you will not be able to fully use the map and feel the benefits.
In installments "Halva" card more than 140,000 partners, with it not only shops, but also gas stations, pharmacies and cafes. So it will help you out in almost any situation.
This card can only be used for purchases in installments?
Not always. On the map "Halva", you can store your own money and pay in stores, which are not the bank's partners. And yet at the same time she is cumulative. This means that you do not need to keep multiple cards for different purposes - enough for one.
On the account balance on the map "Halva" is calculated by 6% per annum. This figure can be increased to 7.5%, if you make five purchases per month for a total of 10 thousand rubles. And you can pay, and the bank's money, and own funds.
Order card "Halva"
And that's true no overpayment?
It depends on your payment discipline. If you return the money in time and throughout the follow terms of the contract, in addition do not have to pay anything.
For the delay have to pay a fine. Therefore, realistically assess their ability to timely return the money to the bank. Installment plan, like any other financial instrument, only works in the hands of a responsible person.
How to choose a card installments?
- Give preference to banks with a large number of partners to installment card is not lying useless burden.
- Choose multifunctional card with favorable conditions, such as percent residue at or keshbekom.
- Pay attention to the nuances: whether it is necessary to pay for SMS-notification if there is an option of making funds through ATMs of other banks and so on.
- Carefully read the contract. The golden rule for all time worked here. It is in the contract you can find all the details. Remember: the signature indicates that you have read the papers and agree with everything.