What kind of loan?

Before you decide for yourself such a question ashow to take a loan, you need to think about it, can not you do without credit at all? And only after you really need money, you can consider the options of banking products offered in the domestic market in the field of lending. All loans offered by banks can be divided into three groups - targeted, non-earmarked and housing. Car loans are also implied by targeted loans, which in terms of interest rates are more beneficial to the consumer, that is, for us. Before you take out a loan, you need to work out in detail all the possible risks, as well as the conditions under which the bank gives you a loan. Be sure to work with a lawyer to work out a loan agreement, the terms of which may contain some nuances that will later become key in resolving disputes.

Targeted lending

Target loans are the best optionfor the consumer, since interest rates on them are much lower than for non-targeted loans. On the other hand, in the case of non-payment or delay in payment of a loan, the goods you purchased on credit can go under the hammer, and even you must stay with the bank. But let's not think about the bad, deciding which loan is better for buying a car, expensive household appliances, etc.

In addition, targeted loans are issued by banks tolonger periods than non-target, and besides, their amounts can be much larger for non-earmarked. When drawing up such loans, a certain package of documents is required. Bank employees carefully study the application and the credit history of the potential borrower. Targeted lending, as a rule, requires bail and pledge. Therefore, car loans for some Russians is not always the best option, since it is not easy to find a guarantor in our days who would like to have relations with banks. In addition, cars are not always purchased through the salon, and the bank will not be lending money to buy a car from the hands.

Non-targeted loans

Perhaps there is not a single adult person,who would not have found in his mailbox an offer from the bank regarding the receipt of a credit card. Advertising brochures of a similar nature are mainly sent by large banks that are interested in massive non-targeted lending. You should pay attention to the consumer who decides for himself which loan is better for repairing an apartment or for construction purposes, that the credit card has one feature - the money that is transferred to it, you may not take or take them in part, which will significantly reduce your interest expenses. Some banks offer credit cards on favorable terms, for example, up to 55 days you can use an interest-free loan. At the same time, some banks make contracts on card loans, and some do not. Remember that you must study all the terms of the contract thoroughly, especially as regards the terms of the early repayment of the loan, as well as the charging of penalties and fines.

Mortgage credit lending

For the purchase of housing non-targeted loans are notis suitable, because the amount of such loans is extremely small. It is not necessary to choose which loan it is better to take to purchase housing, because housing loans are provided for such purposes, that is, mortgages. Getting a mortgage today is very difficult, despite the fact that many Russian banks offer favorable conditions. Considering the possibility of buying an apartment on credit, it is necessary to understand that a mortgage is a long-term loan, and whether you can pay a loan in a year or two, whether you will work in the same organization that pays you a good salary is unknown. But to pay interest on loans, to pay the body of the loan will have to regularly, that is, monthly. Therefore, always think over all options for purchasing housing, and only in the event that there is no other way out - take a mortgage.