Lending is becoming an increasingly common service. Indeed, a loan makes it possible to purchase any desired product without postponing the purchase for a long time. But among the large assortment of loan programs, it is important to choose the one that is right for you.
Instructions
Step 1
Decide what you want to spend the money you will borrow on. If you are going to make one specific purchase, such as a car or an apartment, choose targeted loans. The interest on them is usually lower than on other loans. In order to have complete freedom in spending the money received, look for an option among cash loans.
Step 2
Choose a bank that provides loans on the most favorable terms for you. To do this, pay attention not only to the declared interest rate, but also to various additional payments. Some banks charge a fee for issuing a loan or for maintaining a loan account, which increases the cost of financing for you. Also, a financial institution may insist on life and health insurance for the borrower, which can significantly increase monthly payments. To make it easier for the consumer to understand which loan is more profitable, the Bank of Russia obliged all financial institutions to disclose the full cost of the loan (PSK) to customers. This ratio takes into account all additional commissions and payments. The smaller it is, the more profitable the loan will be for you.
Step 3
Collect the necessary documents for obtaining a loan. To increase your chances of getting more favorable credit terms, prepare the maximum package of securities. In addition to a certificate of income in the form of 2NDFL, it is also advisable to provide additional documents confirming the stability of the financial situation. It can be a passport with stamps on crossing the borders of foreign states, a certificate of ownership of an apartment or a car.
Step 4
Come to the bank of your choice and fill out the loan application form. In it, give comprehensive information about your employment and income. To increase the chances of getting a profitable loan, you can indicate as income not only the salary at the main place of work, but also other sources of regular funding, if you have them. For example, it can be income from part-time work or from renting out property.
