Additional payment for a cash loan fast cash loans bad credit

Additional payment for a cash loan Find cheap loan, Take your time-learn about the amount of additional payments. In some cases, they can significantly increase the overpayments.
The total amount of overpayments for the use of the loan depends not only on the interest rate, but also from the commissions that you will need to pay.

single Commission fee from the loan amount;
single Commission fee in the form of a fixed sum;
monthly fee as a percentage of the loan amount.

One-time Commission, as a rule, the client pays for registration (application, analysis of documents, verification of solvency, consulting) and credit cash. On average these expenses require the borrower from 1 to 3% of the loan amount or a fixed amount to the discretion of the credit organization (it can vary from 50 to several thousand rubles).

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Each month the same thing

Monthly Commission bankers explain the need to cover costs associated with servicing or accompaniment of cash loan. Such charges often are expressed in certain percentage while not on the amount of debt in question and the size of the total loan, therefore they did not decrease. On average, such commissions accounted for 1.5% of -2, so they are quite seriously affected the amount of payments.

It should be noted that many banks have already abandoned the monthly charges, leaving only the lump sum. But there are also such credit institutions that still combine these two types of fees. And there are opposite banks, completely all Commission from its product line of credit in cash.

Therefore when choosing a product should pay special attention to the presence or absence of these terms and conditions. But they must be evaluated together with the interest rate. Because sometimes, abandoning the commissions, banks are trying to save this profit due to higher interest rates. advance Bank representative to find out about the amount of commissions and the periodicity of their payment. If their size high-select another credit.