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The article is subjective and expresses the personal opinion of the author.
At any moment in your life, a situation may arise when you need money, but they will not be at hand. This situation is possible for a number of reasons: you need to buy a washing machine, TV, car or apartment. All these things are quite expensive, and you have to either save for them, or contact a financial and credit institution and get a loan to buy them. here we stop right away and say that in life you can come across three words - a loan, a loan and a loan. The first two concepts mean the provision of a sum of money to you subject to its return after a certain period and, possibly, payment of interest for using it. The difference between a loan and a loan is as follows: a loan is issued only by commercial banks to the population and organizations at interest. the loan is provided by organizations and the public and can be both interest-bearing and interest-free. A loan refers to the provision of cash or property for a predetermined period. Before contacting the bank for a loan or loan, you need to understand whether you really need it?
As a rule, it can be used in the following situations:
1) if there is no accumulated funds to fully pay for the desired product, but your regular income is stable and high enough to make monthly payments;
2) if it is clear that payment of loan or loan payments and interest for it will not cause significant damage to your financial well-being;
3) if you have your own savings, but there is no desire to spend them.
It is better to refuse a loan in the following cases:
1) if the monthly payments on it exceed 30-40% of your income;
2) if the amount of cash remaining after payment is insufficient to meet basic needs. However, the most important thing when deciding to apply for a loan is to set priorities for yourself and understand the need for the thing for which you are going to borrow money. Think for yourself: how much do you need an expensive phone or TV on credit if you need a house or a car? If you set priorities and think that you just need a loan at the moment, you must follow several formal rules to determine the degree of risk that you face. In practice, specialists have long developed a special “thermometer” to determine the lending risks of a particular borrower.
A number of loan experts offer another rule for obtaining loans, let's call it the “20 percent rule”. In accordance with this rule, a citizen's accounts payable should never exceed a share of 20% of the borrower's annual income. In our example, Viktor Ivanovich earns 30 thousand rubles. Per month, therefore, for the year the amount of income is 360 thousand rubles.
12 months • 30 000 rub. = 360,000 rub.
The amount of accounts payable that Viktor Ivanovich can afford in accordance with the 20% rule is 72 thousand rubles.
360 000 rub. • 20%: 100% = 72,000 rubles.
Now let's talk about where you can get a loan or a loan. Any borrower today can be credited to a bank, a credit consumer cooperative, or a microfinance organization. We will tell you more about each of these organizations. Banks are currently the most common source of loans for the population.
The main characteristics of obtaining a loan from a bank are as follows:
a) bank interest is the lowest of the 3 organizations we are considering (bank, consumer cooperative and microfinance organization);
b) the activities of commercial banks are carefully regulated by Russian law and the regulations of the Central Bank of Russia, which reduces the risk of violation of your rights as a borrower and allows you to effectively protect your interests in court;
c) loans issued by commercial banks are services, and therefore fall under the control of the Federal Service for Supervision of Consumer Rights Protection and Human Welfare, which has the right to regularly check the legitimacy of certain bank actions with respect to borrowers and which you can contact in case of violation of your rights;
d) banking competition in the market is very high, and therefore the borrower has the opportunity to choose the best for himself from several loan offers;
e) the bank has increased requirements for the borrower, a thorough check of his solvency takes place.
TO BE CONTINUED…
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