Beautifully want to live everything.The car, an apartment, modern appliances, fashionable phone - the desire of the majority of normal people.That's just not all of it has the money to buy overnight.Therefore, people resort to such services as installment and credit.The difference between them is not known to all.
The installment is different from a loan?
loans can improve the quality of life and make it more enjoyable and comfortable.They help out in a variety of situations.Loans may be commercial, consumer and auto loans.The borrowers can act as both legal and physical persons.Credit may be obtained at the bank and in a shop to buy goods.It is issued at interest and on all sorts of terms.
The installment is different from a loan?The main difference is that the installments can be no overpayment for goods (services).And get it in a bank it is impossible, because it contradicts the core business of the credit institution.
If the figures in the documents the bank, that is a contract of sale concluded with his participation, a loan.
The installment is different from a loan?Most often installments provided for the purchase of household appliances and vehicles.In addition, unlike installment of the loan is in terms of funding.Normally the service is provided for a short period - from 3 to 12 months.Rarely two years.Payment of the consumer credit can be spread out over 3-5 years.
Where can arrange installment?
advertising, offers to buy goods in installments, is quite common on the TV screen and banners on the street.What is the difference between installments and the loan?
There are two variants of installments.The first - when the service is a credit.In this case, the contract for the purchase of goods is with the point of sale and the loan agreement signed with the bank.At the same time the seller receives the money from the bank, the buyer acquires the goods and the obligation to pay the debt within the prescribed period, making a certain amount each month.In fact, installment and credit - the same thing.The difference is that when you buy on credit, you do not overpay for the goods.And then the question arises: "When making a payment by installments is the loan agreement, which contains the interest rate. The monthly payment including interest to the use of credit. How is it that the buyer does not overpay for the goods?"In order for the client to provide "0% interest" trade organization makes a discount on goods and their bank interest discount and the winds.That is, all costs borne by the trade organization.Hence, it turns out that the coveted thing a customer purchases without any overpayments.
second option - when the installment gives the store itself.This is the "true" installment where the agreement is concluded directly by the seller, without any intermediaries.Interest additional fees and commissions in this type of calculation is not provided.
only have to pay for that - it is for the examination of application forms and registration of all necessary documents.The cost of this service stores establish themselves and usually include the total amount of installments.
second difference installments on the loan when buying goods - a relationship.The sales contract should be drawn up with the seller.And in the case of any claims will need to apply for it.
amount equal to the value of the goods, paid in equal monthly installments.Most often in this case, it provides most of the down payment (usually not less than 30%).
Who can arrange installment?
in various banks different criteria about who they are willing to grant the loan.When making more accurate information is available from the bank's employees.Speaking in general terms, the person must have a job, Russian citizenship and age from 18 to 65 years.
It should be noted that most banks do not enter into a loan agreement with the people who live in areas where they are not present branches and offices.In addition, the design installment citizens of the Chechen Republic, the Republic of Dagestan, North Ossetia and some other southern republics is possible only in the region of residence.
What documents are required for registration installments?
list of documents required for registration of installments, largely depends on where it is kept.If you purchase items in the mall through a loan officer, you will be required to process passport and the second document proving your identity, to choose from (SNILS, driver's license or military ID).
If the contract is made directly between the buyer and seller, in this case needs to be a passport and a contract of sale.It will be specified and conditions of purchase: the initial payment, the timing and amount of monthly payments.Sometimes you may need an income statement or a guarantee of third parties.
Features installments
The installment is different from a loan?Buy in installments can be any product: as household appliances, furniture, furs and jewelry, and plastic windows.But most of the trade organizations set certain limitations on the installment plan.Shops carry out actions, which for a certain period of time it is possible to buy all the goods or any restrictions in the product category "loan at 0% APR."Therefore, most installment - it's just a marketing ploy to increase the amount of traffic visiting the outlet.
it better credit or installment?
planning to issue credit, you must correctly assess their capabilities as a service has both advantages and disadvantages.
So, about the benefits.Registration is quick, with no strict requirements to submit documents.When buying on credit is no overpayment.
If we talk about the shortcomings, it is:
- short term financing.
- large size of monthly payments.
So simple answer to the question of which is better: a loan or installment is not possible.Everything is determined by your financial capabilities.
What should I look for when buying goods on credit?
The ability to purchase goods on credit pleases many.Therefore, not all adequately assess what is happening around them.Do not immediately rush into the maelstrom of his head, you need to take a sober look at the surroundings.Perhaps the value of the goods in a shop that offers this service, greatly exaggerated.It is necessary to examine these proposals in other stores and compare them with the cost of the proposed goods in installments.
