Financial advisors are very negative about loans. If you sit down and find that it is more profitable: to take a thing on credit or to buy and buy over time, then, as a rule, you can see a substantial overpayment for the loan. But sometimes there are times when there is no other way out and you have to borrow on the site https: // tengribank. Kz / news / 2016 / march / 258.

In order not to become a victim of collectors, you need to observe certain precautions:.

Need to adequately assess their strengths. Taking a certain amount of money on credit, you often have to pay off hidden fees, insurance, and sometimes even notarize documents and pay taxes. Therefore, before borrowing, collect all information about additional costs.

The monthly payment for the loan should not exceed 50% of the family income. That is, having settled with creditors, half of the income should remain. Otherwise, it will greatly affect the way of life and quality of life. If you first begin to pay utility bills and products, then you may not be enough to pay for a loan. Therefore, ideally, on credit it is best to take an amount that does not exceed 30% of your household income.

The profitability of a loan depends on your down payment. There are banks that offer loans with 0% of their own contribution, but you should not hurry to take out such a loan, because often this is offset by a high interest rate. There is a direct dependence: the larger the initial amount, the lower the monthly interest. The more you take on credit, the more you overpay. Therefore, try to save, at least at least an initial deposit.

Interest on the loan pay on time. Delinquency of payments is fraught with penalties for you, tainted by credit history, unpleasant conversations with borrowers and collectors, and in extreme cases even confiscation of property. If you have lost your job, have health problems, or have unforeseen expenses, and you can not pay the loan, you should immediately come to the bank and report it. Bankers often go to a meeting.

Cancel the loan as soon as possible.

The faster you pay the loan, the less you overpay. If finance allows - increase the monthly payment amount. Let's take a common case: you took an apartment on credit and eventually settled in a better-paid job, your business went uphill. You increased the amount of payments on the loan, the repayment time was reduced from 20 years to 7, and overpayment accordingly decreased from 130% to 30%.

Thus, adhering to the described rules, lending will become safer and more profitable for you.