A bank loan is a convenient way to buy something that used to take a long time to save. But so that the amount of interest overpayments does not turn out to be astronomical, you need to be able to choose the most advantageous offer from the bank.
Instructions
Step 1
Decide what you need a loan for. If it is necessary for a specific purchase, for example, the purchase of a car, household appliances, an apartment, stop your attention on targeted loans. They can be spent on strictly agreed-upon purposes, but your interest rate is likely to be lower. Choose unearmarked cash loans to fund multiple purchases or to have more discretion with your money.
Step 2
Find out which banks are represented in your locality. This information can be obtained using the Banki.ru portal. Once you find a complete list of financial institutions, study their offerings. Call them, get information on their official websites, or visit their offices in person. When studying the offer, pay attention not only to the interest rate on the loan, but also to commissions and various additional payments. They can seriously increase the cost of the loan. For comparison, you can use the UCI - an indicator that reflects the effective interest rate on a loan. However, be careful - the CPM does not always correspond to the actual overpayment. For example, this indicator is very high for credit cards due to the specificity of the formula developed by the Russian Bank.
Step 3
Collect a package of documents for applying for the selected loan. To increase your chances of getting funding, provide all required papers, even if they are marked as optional on the bank's list. If you receive part of your salary unofficially, check with the bank if they take such income into account. In some cases, you may be allowed to provide not a 2NDFL certificate, but a free-form document signed by the employer and reflecting your real income. This will increase the possibility of bank approval of your application.
