Credit - a familiar component of modern life.They offer virtually everywhere: in banks, shops, boutiques, firms.Any construction and finishing materials, expensive clothes, household appliances, televisions, computers, furniture, a car and an apartment - all this and much more can easily be taken "in debt."You can certainly tighten and accumulate the required amount, but it already has a neighbor, and he lived not richer than you, and his salary is the same.
Demand creates supply.Credit programs of banks varied, and the list is growing every year.Get lost in this variety is easy to determine the benefits of a loan at one bank and its difference from other products is very difficult.
To begin with, the bank - a commercial organization, whose main objective - profit.It would seem that the annual interest on the loan - a sufficient profit that the bank receives from the borrower.But not all so simple.Each bank is accompanied by any loan commissions, which are not taken especially "advertise."The existence of some of them know the client has already signed a loan agreement or the first payment, other know in advance (for example, the fee for servicing the loan), but do not understand their purpose.
So what are the Commission may be spelled out in the loan agreement for small and large print?The following commissions: Commission for the issuance of loans, the commission for the examination of the loan application, loan servicing fees, the fee for opening and maintaining the loan account, the commission for early quenching etc.Commissions are quite a few names and legitimacy of charging most of them in 2009, recognized by the state illegal.Banks agreed, and ... changed the name of the Commission.
Before receiving the loan credit manager of any bank is obliged to inform the customer with an effective interest rate.This rate includes all commissions and interest of the bank.The main duty - a body of the loan, that is, the amount that the client takes on the bank.Annual interest rate - monthly interest on the loan.Loan servicing fees and other commissions of the bank - this increase in bank profits due to overpayments difficult explainable.If the commission is taken only once when receiving a loan, it's not too will increase the total loan amount.Another thing, if the commission is a fixed percentage of the full amount of the loan and will be charged on a monthly basis, then the overpayment on the loan amount is very considerable sum.
Loan servicing fees - one of the most commonly charged fees banks.The name may have some variation, it can be charged for the full amount of the loan or the residue to be a monthly or one-off.This commission can include all of the previous Commission, as the Commission called upon all "to service the loan."Fines, which banks charge for late payment or partial extinction of the monthly loan amount can be explained in the risk bankka.Explain other commissions is much more difficult, if not impossible.
Since 2009, the banks could be fined if they charge fees on borrowers, most large banks virtually all of the commission was canceled.Who "has been in vogue" credit life insurance, which seems to be voluntary, but somehow not quite.As for the refusal of insurance Banks often increase interest rates.Not to mention the mandatory car insurance or purchase of property.Life insurance can pay once for the entire loan term and at its full cost, and can be paid annually on the outstanding principal balance.
natural conclusion: no matter how struggled with the commissions of banks, they in some form will always exist under different names and in different quantities, because the temptation to obtain easy profits is very high.
