It's no secret that the credit - is a special kind of consumption.Consumption - is the opportunity to purchase the desired product or service.Currently, major purchases, including the purchase of furniture, equipment, or other necessities of life, one way or another associated with lending.Today, anywhere you might encounter with a proposal to register it within 5 minutes: furniture stores, art salons and even flea malls.
Types of consumer loans
The first thing to note the classical type of loan, upon receipt of which the borrower receives cash in hand and acquires the necessary goods.This loan product is sometimes called the "standard loan" or "loan for urgent needs."
next type of consumer loan - it is a means to rest.In this case, the borrower takes the money for a specific purpose - the purchase of travel vouchers.Cash can be issued both in cash and non-cash by transferring to the account of a travel company.The term credit is usually less than one year.These types of consumer loans are made on the two documents in minutes at any branch of the bank.
Next target species of the loan - a loan for education.In this case, the funds transferred to the account of the university through the invoice specifying the total amount for the whole period of study.However, be aware that a minor issue the loan does not work, will have to seek help from parents.Loan for education differs from conventional in that it is formed by a delay of payment.Thus, the student can learn, paying only the basic interest and a degree and get a job, to extinguish the basic duty.Major credit burden will fall on him only after graduation.
Fees and types of fees on consumer credit
If we consider the usual purpose loans, that are very popular annuity payments.The essence of this scheme is very simple: the entire amount allocated for the whole period of loan in equal installments.That is, if the loan is issued for 3 years, will have to pay 36 monthly installments.Often there are loans with an interest rate differential.In this case, the loan amount with each installment will be reduced.
addition to payments, banks set mandatory fee for opening and maintaining an account for SMS-information and other services prescribed in the loan agreement.The Commission shall apply to all types of consumer loans.Currently, hundreds of banks offer a variety of conditions on consumer credit.Lost among this diversity is very easy, but there are several options.
choices right loan product
The first method is the easiest.You need to see a specialist bank in person.The second method involves independent acquaintance with the information on the Bank's website, through which will be studied all kinds of consumer loans with a detailed description of the conditions for obtaining and repayment.
