The need for money can be satisfied by taking out a loan. But now the number of loans and banks issuing these loans is enormous!
Let's figure out how you can choose the most profitable consumer loan.
Instructions
Step 1
Let's designate how much money we need.
The loan amount depends on the purpose for which we take out the loan: renovating an apartment, buying a car, holding a wedding, vacation … a great many of our desires. BUT! The bank may not approve the loan amount chosen by us. The bank is more likely to approve long-term applications. That is, the longer we plan to settle accounts with the bank, the greater the amount we can count on.
Step 2
Let's choose a loan term.
The choice of loan term depends on the amount of the loan and the material possibilities of its return.
At the moment, banks provide loans for a period of 6 to 60 months. The spread is large, there is plenty to choose from.
It happens that the total amount of the overpayment may exceed the loan amount twice. Therefore, we take into account that the optimal term for consumer lending is no more than a year.
Step 3
Let's study the terms of lending to different banks.
To do this, go to the sites of well-known banks (SberBank, Alfa Bank, etc.). These official pages describe all the lending opportunities provided by the bank, and the conditions that must be met to obtain a loan (age, set of documents, additional items).
But often there are "vague" conditions: the interest rate is indicated in a range (and the difference between the lowest and highest interest rates may differ by 70 points. For example, Alfa Bank offers from 6 to 70% per annum).
Or we can use sites where you can compare lending conditions of different banks, for example, "Compass Loans" (https://kompaskreditov.ru/), and only then go to the site of the bank whose loan we have chosen.
Step 4
Let's submit an application.
To apply for a loan, we can visit the nearest branch of the bank we have chosen, but it is much more convenient to fill out an online application on the website of the same bank. The advantage of an online application is that we can find out in advance (without wasting time visiting a branch) whether the bank will approve our loan application and what interest rate it will provide for our particular loan.
Bank representatives respond to online applications within 24 hours.
Step 5
We will choose the most profitable option.
We will not be limited to one option: we will issue an online application for three (or more) loans. After calls from the bank's representatives, we will simply choose the most favorable conditions and issue a loan according to these conditions.
