How to take a loan, so you do not regret

Does it even need a loan?

This is the first question that should answer before going to the bank. It is possible that the money for the treasured purchase is not enough due to the nature of your approach to financial management. If you revise it, it is possible that the money will not have to borrow.

Analyze where your money goes. Surely you have a mobile bank application - it's time to study the statistics and cost structure. Most likely, the result of study you unpleasant surprise: we often spend money on all the small stuff, sin impulsive purchases, and then suffering that has to live from paycheck to paycheck.

Calculate how much you could save, giving up unnecessary expenses. If the amount is comparable with the planned monthly payment on the loan, you can do without the help of the bank. Yes, I have to indulge in small pleasures, but then you're going to take credit for a reason. On thing that you dream about, you can often save yourself. It is only necessary to pull myself together and stop throwing money right and left.

If you are coming major expenses, such as repairs or buying a car, have a long time to save. Credit - the right decision. Once a month, you will repay the bank in small pieces, without having to worry that the prices are going up and have to put off more and more.

How to understand how much money is necessary to take from the bank?

If the loan can not do without, pre-calculate all the risks. Deduct from the salary the monthly cost of utilities and communications, spending on food, the way to work and back. What is left, divide in half. The result is an estimated amount that can be given to the bank and not be at the same time on the rocks.

Calculate the amount of the loan and the time during which you plan to get it back, it is necessary so that in the month to spend no more than 30% of your income. Ideal - 20%. Return money to have longer and with the overpayment, but you're confident that you can repay the loan in principle.

A good option - well in advance to create a financial safety cushion in the amount of at least three of your salary. If there are unexpected expenses, it will help in time to make the next payment on the loan.

Do I need to insure the loan?

Imagine that things are moving along very bad scenario. You borrowed money from the bank, but suddenly left without a livelihood. Illness, dismissal, whatever - the credit still have to pay. In this you can help the bank.

In Raiffeisen Bank, with whom we have written these cards, there is a Financial Protection Program borrowers. It applies to consumer loans, and allows you to fully repay the debt to the bank at the expense of the insurance payment. Contents part in financial protection program if you can complete the application for the issuance of consumer credit.

For example, if you lost your job, Raiffeisenbank charges you a monthly payment until you are in a status of unemployed. At the end of the month the money will come to your account.

The decision not to insure the loan - the idea is highly questionable. We can not say with certainty what will happen even after a month, not to mention the longer term. If the bank support you in the end did not need to - well, but in which case you have to get help.

What else you need to know before the registration of the credit?

Find out if the bank has an additional bonus for borrowers. For example, Raiffeisen Bank launched new conditions Consumer lending: a year decreased from 11.99 to 9.99% after processing the loan rate. Such conditions are possible in the design of financial protection. If you still do not want to insure the loan, the rate for the first and subsequent years will be 16.99%.

Fixed contract rate cut is now especially important. The central bank recently reduced the key rate constant. As a result of reduced bank interest rates on loans.

For example, it is expected to reduce the key rate at 1.25% in 2018. Accordingly, the interest rates on consumer loans also go down. If the contract stipulates a rate cut, like Raiffeisenbank, you do not have to waste time and nerves searching for favorable refinancing options.

It does not matter how much and for how long you take a loan. In any case, the rate for the first year will be 11.99%, and then fall to 9.99%.

Make a loan from Raiffeisenbank can without collateral or guarantors. If you already have a salary bank card, only need a valid passport and application form. You can apply via the call center. The decision whether or not to approve a loan, will be taken within an hour. If you apply for a loan on the Bank's website, Wait for the verdict will have only 5 minutes.

Credit - a convenient and profitable financial instruments, if in advance to examine the conditions and to assess the possible risks. Decide whether it is really you want and soberly assess their capabilities and about the total amount of monthly payments. A reasonable approach loan does not become a constant headache and a source of concern.

Learn more about Raiffeisenbank