What are credits and that they can buy
Get Rich / / December 20, 2019
What are credit
Bank gives money to the specific needs. In most cases you do not even see the money: a credit institution immediately transfers them to the seller. When it comes to large loans, the bank may ask for bail and the initial payment.
Mortgage credit lending
This type of loan is often referred to simply as a mortgage, but that's not entirely true. Mortgage - a form of collateral, under which the debtor owns and uses the property, but the lender can sell it, if the obligations under the loan agreement will be violated. One of the most common forms of mortgage lending - a credit purchase of the property, which will be a guarantee.
For mortgages are characterized by a long term loan and a relatively low percentage (weighted average interest rate on mortgage loans in July 2018 - 9.48%Mortgage loans granted to resident individuals, and acquired rights requirements on mortgage housing loans in rubles, The remaining loans, except for auto loans for a period of up to three years - 15,39%Weighted average interest rates on loans granted by credit institutions to individuals in rubles).
With mortgage loans can be obtained at:
- apartment in the building or on the secondary market;
And this list of objects for the mortgage is not limited. For example, you can take out a loan to build a house, his land or the right to lease it.
When buying a home loan in the State Register of rights to immovable property indicates that the object is in the pledge. Remove encumbrance as possible after the loan repayment. Prior to this, the property owner can not enter into transactions with it without the bank's knowledge.
This is a special credit for the purchase of a vehicle, in which the machine remains pledged to the bank. And that the debtor is not tempted to sell the car, PTS is stored in a financial institution. Can take the document when the loan is fully repaid.
Auto loan recipients salons often offer the most attractive conditions for buying a car.
However, they often compensate for the need to design hull with the maximum set of risks for the entire loan term.
Due to insurance and mortgage bank can not offer a higher interest rate. In June, it was on average 14.83%The Banki.ru index: the average interest rate on car loans has decreased to 17.46% per annum per annum when buying a new car.
Purpose of the loan is clear from the title: the money goes to pay for training, with usually we are talking about high schools. However, credit conditions may differ dramatically.
Some banks give a loan to students. In this case, while studying the debtor pays only interest for the use of money for a return of principal, he will start after graduation.
Some financial institutions prefer not to risk and set a lower bar for the borrower age. For example, it may be 21 years old. In this case, it is assumed that the loan will take the applicant's parents or he was fast on his feet as the last graduate school does not meet the conditions.
Target consumer loans
This group of loans include loans to buy home appliances, travel tour construction operations, medical services. If you buy in the store with a fur coat on credit, it is also entered in this item.
Typically, small amounts issued and a guarantee is not required. Terms largely depend on what the store has agreed with the Bank.
payment by installments in this case, too, the target type of loan. Just trade agency bank sells goods cheaper than you, and then there is a difference in interest income of financial institutions.
Refinancing credit - is to get a new loan from another bank on more favorable terms for the repayment of old. In fact the financial institution entices the customer from a competitor. It quenches your loan to another bank ahead of time, and then you pay the new creditor and the principal debt and the renewed interest. You get a lower rate, the financial institution - your money.
Unearmarked consumer loans
You just takes in a bank the amount you need and spend it at their discretion. But as the bank does not receive bail and can not control your spending, it insures its risks higher interest on such loans.
There are non-purpose loans, which masquerade as the target. You are requesting money for specific expenses, and the bank takes this into account when the loan approval. However, the actual agency you can not control. For example, a businessman Fedor Ovchinnikov opened a bookstore, took the money in the bank for repairs.
Small amounts, which are issued to the client almost without checking its integrity and with a minimum of documentation. But the interest rate offer is extremely high in these conditions. Because of this earlier in the non-payment of duty of man, has applied to the microfinance institutions, for the year could grow tenfold.
Now according to the lawOn the protection of rights and legitimate interests of individuals in the implementation of the return of overdue activities debt and on amendments to the Federal Law "On microfinance and microfinance organizations " Maximum Overpayment of micro-loans may not exceed the amount of debt more than three times. But this does not prevent institutions to charge penalties and interest.
Usually these loans are people who can not get a bank loan at an acceptable cost.
You can borrow from the bank the amount limited by a limit, and return it if possible. Card there is a grace period where the interest for the use of money from a credit card is not charged.
How to use the card, not to get into debt, Layfhaker I wrote. If you abide by the rules, you can do without overpayments.
Which to choose a loan
To get started is to decide whether you need a loan at all, says CEO of the financial aggregator "Sravni.ru" Sergei Leonidov. It is not recommended to take out loans of two types:
- The shops on the purchase of goods - furniture, electronics and so on. It is easier and cheaper to accumulate in order to avoid a very large overpayment for goods.
- Loans "to pay" in microfinance companies - because of the huge interest rates.
In other forms of loans have their pros and cons. For example, mortgages and car loans make sense when really need a large sum of long enough. On such loans, you can claim benefits from the state, the builder or car dealer. But the property you will not be able to dispose of, so if you need a relatively small amount, it is necessary to look at the terms of improper and unsecured loans.
The important point for any loan: you need to carefully deal with all the terms of payment.
If you have done something wrong and you can not pay the debt, just not worth it to take another loan to repay the first, and even credit card and the new phone in the payday loan. You can consider refinancing one or more loans at a better rate, but not on any terms perekreditovyvatsya, driving himself even deeper into bondage.
Sergei Leonidov, CEO of financial aggregator "Sravni.ru"
Carefully read the market. Not necessarily get all the banks to know the conditions, you can see them on the websites of financial institutions or in special aggregators.
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