10 things to know about loans

We tell you what you need to know about loans for the necessary goods and urgent services, and why you should not be afraid to borrow from banks.

1. Loans are different.

Let's start with the fact that loans are different. But they all depend on the needs of the people. Mortgage - for buying an apartment, car - for buying a car, there is also an educational, target - for leading personal subsidiary plots. And also for young borrowers from 18 to 21 years old, for pensioners ... However, the most common loan is a consumer loan. It is chosen by 61.3 percent of the population, most often Russians aged 35 and older apply for it. Therefore, we will tell you more about it.

2. How to choose a bank where to get a consumer loan.

According to the latest polls, Sberbank turned out to be the most popular bank among Russians.

Experts recommend choosing for a loan for bank to which your salary or pension comes. And, of course, it is necessary to take into account the conditions on which the bank issues loans. The official websites of banks contain not only the conditions of each loan program, but also the requirements for borrowers, repayment methods, as well as the approximate total cost of the loan.

So, on the Sberbank website, using a loan calculator, you can calculate how much your monthly payments and the total overpayment for any consumer loan will be. This is important to know before applying for a loan.

3. Who can take a loan.

So, these are the so-called requirements for the borrower. Anyone who has reached the age of 18, but has not crossed the bar of 70, can take out a loan. At the same time, work experience is also taken into account. In Sberbank, for example, it is 6 months.

4. What documents do you need to collect to get a loan.

Previously, to obtain a loan, banks required a bunch of documents and a guarantee. Now you don’t even need to collect certificates for this.

Sberbank, for example, only requires a passport if you take out a first loan of up to 300,000 rubles, and do not receive a salary or pension on his card. If you are a cardholder, you do not need to go to the bank office, just fill out the form in Sberbank Online.

5. How to get a loan.

You can do this directly at the bank. And if you do not have a minute of free time, what to do? Then you can apply for a loan without leaving your home or office - via the Internet.

Sberbank, for example, usually takes two minutes to complete an online application for its customers. The answer comes via SMS, and on the same day the money will be on your account or on the card, which you yourself will choose. You can even get an additional card, which will receive a loan.

6. Insurance - to issue or not?

In the bank, when applying for a loan, they offer to take out life insurance. This is not required by law, but without insurance, a loan can be issued at a higher interest rate. So decide for yourself whether the savings will cost you too much. After all, insurance is protection that will help you in a difficult moment.

7. Loans must be repaid on time.

There are two types of payments - differentiated or annuity. With the first method, payments are gradually reduced towards the end of the loan term. In the second case, the payment amount is always fixed. In any case, the bank creates a special schedule for each client, according to which payment is made.

At the same time, you now choose the date of repayment of the loan yourself and, if the need arises, you can change it in a year. The most convenient way to repay debts for those who do not have the opportunity to pay a loan via the Internet is in cash at the bank’s cash desk, through an ATM and terminal.

8. Is it possible to reduce the loan rate?

If earlier taking a cash loan at 15% seemed like a great success, today banks issue funds already at 10.4% per annum. At the same time, there are options when the rate can be lowered.

For example, if you apply for a loan at Sberbank as part of their New Year's promotion before January 28, 2021 in the amount of 300,000 rubles or more and for a period of at least 15 months, then in a year the rate will be reduced by 2%. To do this, you need to fulfill only two conditions - to repay the loan strictly according to the schedule and not to repay it ahead of schedule.

9. What to do if there is no way to pay the loan?

No one is immune from temporary financial difficulties. What to do if you can not pay the loan on time. For such clients, banks have a service - refinancing or on-lending. They can be given a new consumer loan, which will close the loan debts on more favorable terms. In this case, you will not pay for two loans. They will be combined into one, which is very beneficial.

In Sberbank, you just need to apply and receive money for refinancing in Sberbank Online. No queues, certificates and commissions. The rate and amount of the loan will be determined during the execution of the contract. You can refinance loans from other banks, consumer loans, car loans and mortgages.

10. What is a credit holiday?

If you do not want to be pre-credited, you can use the deferred payment - this is exactly what a credit holiday is. In this case, the bank either gives a deferment or reduces the payment, or may even release you from the loan fee for six months. But you can get a deferment if your income has decreased by 10% or more. The loan amount does not matter.