Nowadays, flyers and posters are full of advertisements for the issuance of interest-free loans. But at the same time, banks have to make money on something. In addition, the law prohibits the provision of loans at 0% per annum, which means that you still have to add a certain percentage to the loan amount.
Instructions
Step 1
Please note that the interest that the bank should receive from lending will be included either in the size of the commission for issuing a loan and its servicing, or in the cost of goods, if we are not talking about a bank loan, but about installments provided by a trade organization. In any case, the loan is presented to the consumer as interest-free, so be extremely careful when receiving it.
Step 2
If you get such a loan from a bank, then you have to pay all kinds of commissions. They can be different: a one-time commission for issuing a loan, a commission for considering a loan application, for opening and maintaining a loan account, for early repayment of a loan, etc. Often these amounts are not too large, but if we take them together, then sometimes the interest rate reaches 14-15%, i.e. it is close to the rate for a regular consumer loan.
Step 3
You may encounter an interest-free loan in trade, when not too conscientious sellers raise the price of goods by 10-15% in advance, and then offer interest-free loans. They provide the goods in installments, keeping silent that its cost is already more expensive than it was originally. Of course, it can be difficult to keep track of the price of a product, but you shouldn't even hope that you won't have to pay for a commodity loan.
Step 4
Often, car dealerships offer interest-free loans. But in this case, the scheme for their provision is as follows. You make the first payment for the selected car, the car dealership provides you with an installment plan for the remainder and assigns the debt to the bank at a discount, and then you extinguish it. In this case, the car dealership gives the interest for using the loan for you, since it ceded the debt to the bank and immediately received the money. For example, you buy a car worth 500 thousand rubles, pay half the cost for it - 250 thousand rubles. The bank pays not the entire amount, but 200 thousand rubles, but you will still owe the bank 250. The bank's profit in this case will be 50 thousand rubles.
Step 5
If you nevertheless decide to take an interest-free loan, be sure to read the agreement, pay attention to commissions and additional payments. Do not hesitate to ask questions to employees of a bank or trade organization, because a loan agreement is often written in a specific language and cannot always be interpreted unambiguously. Remember that you have the right to be fully informed as this is about your money.
