Commodity loan - it is the target consumer loans directed to pay for various goods and services.The most popular destinations - registration by credit mobile phones, home appliances, computers and furniture.Payments are also included in this category.For example, the installation of plastic windows, various types of repairs, services of tour operators.Almost every more or less large organization dealing with trade, prefers to conclude with the banking institutions, mutually beneficial cooperation and provide trade credit.
More often representatives of banks located in the territory of the seller and are engaged in registration applications, but sometimes the employees themselves have the authority to store this procedure.Together with the banking products offered borrowers a variety of related services: design of various types of insurance, credit cards and other services.
rates on loans
This type of loan has the highest interest rates.For some types of goods percentage may reach 90% per annum.Especially, it concerns the mobile phone.Inflated rates is logical due to the high risk of non-repayment of debt.Often, this type of loan draw up the so-called speculators for resale for profit.Subsequently, these people do not make the monthly payments.Since mobile phones are the most liquid commodity that can be fairly easy to sell, it is in the category established by high interest rates.
Most shops together with banks to develop special offers, resulting in a trade credit is granted without paying interest.This type of loan can be called installments.In this case, the bank sets the minimum bid, and the shop makes a discount on goods for the sum total overpayment.As a result, the end user gets the desired item or service in installments.
How is design?
For this type of loan the borrower, identify with the product, together with a representative of a bank or an authorized employee of the store fills a request for a loan.To do this, be sure to need a passport.The rest of the documents depends on the requirements of a particular bank.Usually it requires to produce the second document (eg, passport, law, MHI policy, etc.), but some banks are willing to grant trade credit only on the passport.
The questionnaire is the answers to some questions about life and the expected financial situation of the borrower.The most important - information about the work and wages.About after filling is sent for review, which takes less than an hour.In case of approval is the procedure of signing the documents.Reasons given bank never explained.
How to pay for the credit and how to recognize the debt on the loan?
Payment is made monthly by entering the credit account of a fixed amount.The amount and the payment date can be found in the schedule of payments, which is part of a package of documents for the loan.The documents are always indicate the date of debiting funds from the account to make payments should be at least three days prior to that date, taking into account the time of disbursement.On the same day the payments come only when paying at the offices of the lending bank.The largest transfer deadline at the post office, till 10 days.
If the appointed day the payment is not received, the bank appoints a fixed amount of the fine for the fact that education debt, and then daily for the amount of interest bearing debt.Overdue loan borrower is to hit the blacklist, which has a negative impact on the credit history and makes it difficult in the future to obtain any kind of loan.
