Since the beginning of the 2000s, loans have been gaining popularity among the population. You can immediately purchase the necessary or just the desired thing, or simply borrow it for current expenses. But in the process of paying off the loan, the understanding comes that you have to overpay for this banking service. And often quite a lot. The next loan already wants to be taken with a minimum overpayment, or even without it at all.
Instructions
Step 1
It is quite possible to take a loan without overpayment. Follow the promotions - many shops and shopping centers organize, together with banks, promotions for the sale of goods on an interest-free loan. As a rule, the store makes a discount on the amount of the overpayment of the loan, and it turns out to be interest-free. The store receives a massive sale of goods, and the banks receive a massive influx of customers.
Step 2
Please note that in many cases, not all products presented in the store are sold with an interest-free loan. Often, under this action, they sell stale goods that are in low demand. The terms of the loan are also standardized and it will not work to take a loan for any other period, or in any other bank.
Step 3
It never hurts to check the terms of the loan yourself. Get your loan agreement, payment schedule and repayment clauses from your loan officer. At home, in a relaxed atmosphere, read the contract and make sure that it does not contain any clauses about hidden overpayments, commissions, insurance, etc. Check the payment schedule to ensure that there is no overpayment on the loan. Visit the repayment points of the loan and find out if it turns out that you will have to pay a commission when making payments.
Step 4
Be sure to ask what will happen in case of missing one or two payments. It would be good if only a fine was provided, and even then only for a second pass. In the worst case, even after a small delay, an interest-free loan can turn into a regular one, and even serviced at increased rates.
Step 5
With an already existing long-term loan, you should also follow the various bank offers. In cases where interest rates on loans fall, or any new bank begins to provide loans at minimal interest, the remainder of the existing loan can be refinanced. That is, take a loan for the remaining amount from another bank and then pay off a new loan with a smaller overpayment. But in this case, it is necessary to calculate everything in advance: how much you need to take to pay off the first loan, and what amounts of overpayment will be in either case.
Step 6
Many credit institutions provide certain categories of customers with preferential loans that differ from the usual with reduced interest rates or their absence. As a rule, benefit recipients can be pensioners, military personnel, large families, students, veterans and other socially vulnerable groups of the population. If the prospective borrower belongs to one of these categories, it is worth looking for such offers first.
Step 7
Entrepreneurs planning to implement a socially significant project can also count on preferential loans. For example, a homeless help center. If you manage to prove to the authorities the social significance of the project, you should count on their support. For example, they can take bank interest on themselves and even part of the cost of implementing the idea.
Step 8
Many private firms provide their employees with interest-free loans to buy a car or real estate. Of course, not to everyone, but to the most valuable employees - managers and highly qualified specialists. The benefit is mutual - the employee of the company receives a loan without overpayment and gets rid of the need to go to the bank, since the monthly installment will be automatically deducted from the salary. The company gets rid of the turnover of specialists, because until the employee pays everything, he will not quit and go to competitors.
