Advantages of consumer credit

Advantages of consumer credit – To attract customers, banks are lending to think through different ways . For registration of consumer credit borrowers can apply with a different financial situation. Someone should make a long-awaited repairs in the apartment , someone to give his beloved daughter married, and someone just buy a refrigerator or television . But every borrower wants to loan without over payments and huge commissions.

Learn about the possibility of getting a consumer loan can be from various sources. About this way of addressing the shortage of money to friends and neighbors say , advertising on television, in the subway , on the websites of all banks . Some are so accustomed to live on credit, that simply can not imagine how not to buy your favorite thing at once. Especially because you can get a consumer loan in just one hour .

Different banks have different requirements for registration of consumer loans. The list of documents that must be submitted to the borrower , usually a small passport , VAT , pension insurance card . Income statement , many banks do not require , and the financial position of the borrower’s record with his words. Some banks need help three month or six-month work experience , and some fairly and that the client is able-bodied and has a local residence . Some banks need guarantors .

It is worth noting that consumer loans have relatively high interest rates and fees for account maintenance . Therefore, the borrower need to decide what it profitable: the availability and simplicity of credit, or a smaller amount of over payments on it.

Although banks can promise almost free loans or loans with very low interest rates , we must remember that each bank is primarily concerned with their own prosperity , so it is very important to read the loan agreement carefully and to the end, paying attention to the footnotes written in small print . Otherwise, you may find that you purchase goods more expensive in a few times, and this fact will not add you to the joy of shopping.