Credits. Which bank has the lowest consumer loan rate Is it possible to get the minimum interest on a loan

Interest on a loan agreement is an important factor when choosing a loan. This value determines how large the overpayment for using bank funds will be. The most favorable conditions are offered to regular borrowers with a good credit history. But the interest rate also depends on a number of other factors. In this article, we will consider the lowest interest rates on a loan, in which banks it is better to draw up an agreement.

What determines the interest rate

Every year, the minimum annual lending rate changes. Recently, a consumer loan at a minimum interest rate has become easier to get. This is due to the fact that the Central Bank continues to reduce the refinancing rate. At the time of writing, the bank has cut the rate to 8.25%.

Commercial banking organizations are credited from the Central Bank at 8.25% and, taking into account costs and profit, form their proposals. At the moment, some of the lowest interest rates on consumer loans can be found here:

• Eastern Bank - 9.9%;
• Rosselkhozbank - 10%;
• Gazprombank - 11.7%;
• Svyaz-Bank - 11.9%.

Also, a low rate on consumer loans is set by banking organizations in the presence of insurance contracts. Indeed, when connecting insurance, the risk that the money will not be returned is lower. Banks, receiving additional guarantees, are ready to reduce loan rates.

Loyal customers enjoy additional benefits. Banking institutions issue consumer loans on more favorable terms to those borrowers who in this bank:

• has been credited for a long time and repays current payments on time;
• owns a salary card;
• has deposits or deposits;
• uses other bank services.

Therefore, the answer to the question: “Which bank has the lowest interest rate?” May not be unambiguous, as it depends on a number of listed factors. The best option is the one in which you are constantly credited. But we will review the current offers and see which bank has the lowest interest rates.

A loan at the lowest interest rate can be obtained from Eastern Bank. The offer of this company starts from 9.9% per annum. The maximum rate reaches 26%. A loan can be issued from 300,000 to 30 million rubles. The minimum loan term is one year. The maximum duration of the contract can be 20 years.

To get loans at a low interest rate in this bank, you will need to secure a deal. Suitable as collateral:

• apartment;
• piece of land;
• a private house;
• commercial real estate.

The bank is ready to issue a loan with a minimum interest per annum, including on behalf of individuals. A Russian citizen aged 21-76 with a residence permit in the region where there is an office of Vostochny Bank can act as a client or guarantor. The minimum length of service at the current place of work can be 3 months. And for those under the age of 26, the experience must be at least one year. East may not require a certificate of income.

To approve a cash loan at a minimum interest rate, you need to prepare the following documentation package:

• passport;
• an application can be made on the website;
• certificate of income in the format 2-NDFL or on a bank letterhead;
• a copy of the labor;
• property document;
• ownership;
• Marriage certificate.

After completing the preliminary application and receiving a positive response, you can request a sufficient list to fulfill individual conditions.

Loans at a low rate are offered by Rosselkhozbank. 10% per annum can be obtained upon signing an agreement in the amount of 200,000 to 750,000 rubles. At the same time, the terms of the transaction are limited - up to one year. But at 17% per annum, the bank is ready to provide an amount from 10,000 to 200,000 rubles, and for up to 7 years.

Low interest rates on loans are possible upon signing an insurance contract. Without fulfilling this condition, you can add 6% per annum to the base tariff. In this case, the banking company will not require collateral or surety.

Rosselkhozbank is ready to cooperate with employees of state institutions or clients who have everything in order with a credit history. The age of the borrower varies from 23 to 65 years. The minimum experience starts from 4 months. Citizenship and registration in any region will also be a sufficient condition.

• certificate showing income;
• passport;
• application;
• a copy of the employment obligation with the employer;
• a copy of the work book;
• if the client is under 27 years old, then it is necessary to present a military ID or registration certificate with a deferment from the army for the duration of the loan agreement.

Often loans at a low interest rate can be obtained by providing property as collateral in return. Gazprombank is no exception. The lowest interest rates of 11.7% are issued up to one year and in the amount of 500,000 to 30 million rubles. For a period of one year and up to 15 years, you can take the same loan, but at 12.7%. You can provide as collateral:

• real estate;
• Personal car;
• commercial transport.

Also, a small percentage under the contract is available with the provision of a guarantor in the form of an individual. An additional financial burden is property and personal insurance, as a prerequisite in order to take a loan at a minimum percentage.

As a borrower, employed persons with an experience of 6 months or more and registration in the zone of the bank's representative office are accepted. The age of the client is 20-65 years.

The lowest interest rates on loans are available upon presentation of the following documentation package:

• passport;
• application;
• 2-NDFL or documents that can confirm solvency (in the form of a bank, an extract from a bank account with official seals).

In our rating, this bank with low interest rates on consumer loans is presented with a refinancing offer. Refinancing is the refinancing of your debts in another banking company. Thus, you can pay off the debt by drawing up an agreement with Svyaz-Bank at 11.9%. The loan amount varies from 30,000 to 3 million. The duration of the contract is from 6 months to 7 years.

An additional condition is the registration of insurance, without this, you can add 3% per annum to the normalized rate. There is no need to provide collateral or guarantors. The client must have an experience of 4 months and be between the ages of 21 and 65 years. Registration at the location of the bank.

A low interest rate on a consumer loan is possible with a full set of documentation, which includes:

• passport;
• statement;
• the second document (driver's license, military ID, passport).
• 2-personal income tax;
• employment history;
• documents on a current loan that needs to be refinanced.

Another bank with the lowest loan interest is Renaissance Credit. Rates range from 11.9 to 25.5%. The minimum amount is 30,000 rubles, the maximum that a banking organization is ready to provide is 700,000 rubles. The duration of the contract starts from 2 years and ends with 5 years. There is no need to sign additional insurances, secure the transaction with collateral or invite guarantors.

The client must be between the ages of 24 and 70. Also have a residence permit in the region where the loan is issued. There are restrictions on solvency - residents of Moscow must earn at least 12,000 rubles. In the regions, income should start from 8,000 rubles. The lowest consumer loan interest can be obtained by providing proof of income, although proof of solvency is not required.

Documentation

• application made on the site;
• passport;
• another identity document.

Low interest rates are available if you submit a certificate of income and a copy of the employment record.

The contract with the lowest interest in Uralsib is drawn up exclusively for 13 months, while the amount can be from 50,000 to 100,000 rubles. In this case, the interest on the loan will be 11.9% per annum. The same amount can be issued at 17-22%, but for a period of 14 months to 7 years. The bank will not require insurance and other collateral.

Suitable borrowers from 23 to 70 years old with a residence permit in the region where there is a bank and having a low work experience in the current place of 3 months or more.

• certificate in 2-NDFL format or provided by the bank;
• passport;
• application;
• copy of work.

Banks always offer potential borrowers individual conditions, so we suggest applying to 2-3 banks at once. This will increase your chances of getting a good offer.

Minimum interest on cash loans.

Take a loan of less than 10% per annum in Vostochny, Raiffeisen and Renaissance loans, the advantage of these banks will be that they consider applications without providing a certificate of employment. Tinkov, Sovcombank also do not require confirmation of income, but their minimum bar is from 12% per annum. Getting money at a relatively low percentage of 15% is quite realistic in UBRD.

Best cash loans

Alfa-Bank is the largest Russian private bank, one of the top 10 most significant credit institutions.

A universal bank that carries out all major types of banking operations, serving private and corporate clients, investment banking, trade finance, etc.

A cash loan in the amount of up to 3,000,000 rubles is issued at Alfa-Bank with an interest rate of 9.9% for a period of 1 to 5 years.

A consumer loan up to 1,000,000 rubles is issued at a rate of 14.99%, the first 100 days do not accrue interest for the use of money. All you need is a passport.

Alfa Bank has a huge selection of credit and, mortgage lending and deposit options, free savings services, programs and loans secured by property.

Application approval rates are high.

Summary: Alfa-Bank is a reliable bank that holds leadership positions and offers various services on favorable terms.

Loan at low interest

Bank "Home Credit" - loans up to 1,000,000 rubles from 7.9%!

Home Credit Bank is the market leader in consumer loans at points of sale. To apply online and get a loan, you only need a passport.
A wide range of products for customers of different social status. For regular customers additional favorable conditions. Client deposits are insured.
The Bank actively participates in the social life of society.

Summary: Home Credit Bank ranks first in the consumer loan market due to low interest rates, customer focus and modern services and services.

Low interest cash loan

Renaissance Credit - up to 700,000 rubles at 11.3%

A bank with low interest rates, where you can get a consumer loan on two documents. It works in almost all major cities of Russia, gives out cash on the day of application for up to 5 years, has a special program for pensioners.

Summary: "Renaissance Credit" is a bank with the lowest interest rates, where you can get a loan on two documents.

Low interest cash loans

"Raiffeisen Bank" - a single rate of 10.99% for a loan amount up to 2 million rubles

The bank follows the highest quality standards in its work, so customers trust it and agree to long-term cooperation.
To apply for a loan up to 300,000 rubles, you only need a passport; up to 1,000,000 rubles - a passport and proof of income; up to 2,000,000 rubles - a passport, proof of income and employment. The term of use is from 1 year to 5 years.
The decision on the online application is made in 2 minutes. You can get an approved loan at the branch or with free courier delivery.

Summary: "Raiffeisen Bank" issues loans for large amounts at a reduced interest rate.

Loans at low interest

Eastern Bank - low interest and high odds

In our opinion, Vostochny Bank does not have the smallest rates, but there are maximum chances for approval of an application even for borrowers with a bad credit history. In this bank, you can take a loan on a passport, without a certificate of income and any additional documents. Applications are accepted online, and are considered within 5-10 minutes.

Summary: Bank "Vostochny" - not the smallest interest, but the maximum chance of approval of the application.

The lowest loan interest

"SKB-Bank" - simple and convenient lending.
SKB-Bank issues consumer loans in the amount of up to 300 thousand rubles without a certificate of income, up to 1.3 million rubles with a certificate. Interest rate from 9.9%. Loan term from 1 to 5 years. The application for a loan is considered up to 2 working days. Early repayment is possible without commissions and penalties.
Convenient, modern and free internet banking and mobile application.
Instant money transfers between cards of any banks.

Summary: "SKB-Bank" - low interest on loans for any purpose; universal online service.

Take out a small loan

Sovcom Bank is in the top 10 banks with the most profitable loans in 2018.
In "Sovkom Bank" you can take a loan in the amount of 5 thousand to 1 million rubles for a period of 1 to 5 years. Interest rate - from 12% per annum. For a loan of up to 40 thousand rubles, you only need a passport. The best offer is a loan of 100,000 rubles for 1 year at 12% per annum. You can apply online in 2 minutes.
There are special credit programs for pensioners. A large amount can be obtained on the security of a car or real estate.
If you have a bad credit history, the bank offers the "Credit Doctor" program.

Summary: Sovcom Bank is a large financial institution with attractive conditions for consumer lending.

Take a consumer loan at a minimum interest

Tinkoff Bank is a modern and practical bank with a full range of financial services.
A loan of up to 2 million rubles for 1-3 years is issued without certificates, guarantors and a visit to the bank. The interest rate on the loan is from 12%.
All applications are processed online, the card will be delivered by courier from 1 to 7 days to any place. Perhaps partial early repayment - at any time by phone. Free replenishment at 300,000 outlets in Russia. There are mortgage lending programs.
The first Russian bank that completely abandoned branches. Banking transactions are instantly carried out by phone or via the Internet.

Summary: Tinkoff Bank is the best online retail bank with a variety of credit and debit cards for any need.

Consumer loan the most favorable conditions

Post Bank is a new retail bank with branches in Russian post offices.
In Post Bank, you can get a loan of up to 1.5 million rubles for a period of 1 to 5 years. All you need is a passport and SNILS. With payments from 10,000 rubles per month, the interest rate is reduced from 12.9% to 10.9%. The decision on the application is made in 1 minute.
The Element 120 bank credit card allows you to make purchases with payment within 120 days. The bank has special conditions for loans for education and.

Summary: Post Bank is a universal retail bank with affordable loans for various purposes.

Banks consumer credit

Rosbank is part of the Societe Generale group, the leading universal European bank.
The bank offers a loan "Just Money" without collateral in the amount of 50,000 to 3,000,000 rubles with an interest rate of 13.5% to 19.5% for a period of 13 to 84 months. A passport and a certificate of income are required, if the amount exceeds 400,000 rubles, then the bank requests additional data. The credit limit can be increased upon presentation of information on additional income. More attractive conditions are offered for borrowers who receive wages to an account with Rosbank, employees of partner companies, pensioners, state employees, etc.
Rosbank approves 8 out of 10 submitted loan applications.

Summary: "Rosbank" offers credit programs at rates above average.

Profitable loan

"OTP Bank" is a universal credit institution, a member of the international financial group OTP (OTP Group).
In "OTP Bank" you can get a loan in the amount of 15,000 to 4,000,000 rubles. Rates vary from 10.5% to 14.9%, determined by the bank, taking into account the client's risk level. Loan term up to 7 years. Application processing time from 15 minutes to 1 business day. There is a paid service "Transfer of payment date".
Bank offices in 3700 settlements of the country. In addition to individuals, the bank cooperates with representatives of small and medium-sized businesses, develops lending solutions for corporate clients, and is a reliable partner for financial institutions.

Summary: "OTP Bank" provides loans to corporate clients and individuals, the interest rate is determined individually.

Get a loan from a bank at a low interest rate

UBRD is the largest bank in Russia offering quality service and simple financial solutions.
The bank offers three types of loan products:
● "Affordable" loan - up to 200,000 rubles with an interest rate of 11% without certificates and guarantors only by passport;
● Loan "Open" - up to 1,500,000 rubles, the rate is from 11%, you need a passport and income statement;
● "120 days" - from 30,000 to 299,999 rubles for 3 years. Interest for using the loan is not charged for the first 120 days, after the expiration of the grace period, the rate is 28-31%. For registration, you need a passport and a certificate of income.
Fee for maintaining a card account and withdrawing funds. Early repayment - free of charge.

Summary: UBRD provides loans for various requests at affordable interest rates.

How to get a consumer loan at a low interest rate?

Start with "your" bank. If you receive a salary on a card, apply for money to the bank that issued this card. You will surely expect lower interest rates and minimum requirements for a package of documents. For example: a standard consumer loan at Alfa-Bank is 15.99%. And if you receive a salary on a card, then the interest rate is reduced to 13.99%

To increase your chances of finding the best deals, consider several options. Apply to two or three places at the same time, find out your individual rate and choose the bank that offers the most favorable conditions.

Collect documents. Many banks issue cash loans without a certificate of income, and sometimes simply on the basis of a Russian citizen's passport. This is convenient, but if you are counting on low interest, try to confirm your financial situation with some documents. Best of all - a certificate in the form of 2-NDFL and a copy of the work book.

Consumer loans are very popular, because thanks to such loans, citizens can afford to buy cars, appliances and many other things that they cannot buy with a salary. However, the diversity of banks confuses many with a wide range of their offers and confusing lending conditions. Of course, everyone wants to overpay as little as possible. Therefore, the desire to figure out where the lowest consumer loan rate is is quite logical. Let's consider this question in more detail.

Is it possible to get the minimum interest on a loan

Not everyone knows that the proposed rate of the bank may be even less. For example, if a person is a client of an organization, that is, he owns a debit or savings card, then the bank is confident in his solvency. This may be the basis for lowering the annual interest on the loan. However, this is only possible if financial movements are displayed in the database of the credit institution.

Therefore, when deciding where to get a profitable consumer loan, it is worth checking if a Sberbank or VTB 24 card is lying around in your pocket, since these banks often lower rates by 1.5-2% for their customers. This is very beneficial.

You can also pay a little less if you demonstrate an excellent credit history. If a bank employee sees that the borrower is trustworthy and has not violated the terms of the contract before, this may also cause a decrease in interest. It is also worth understanding that there is a general rating of borrowers. Any bank has access to this list. If a potential client has ever failed to repay loans or has shown himself in bad faith, then he may be completely denied the subsequent issuance of funds.

Some credit organizations reduce interest by 1% if the borrower brings with him a reliable guarantor who confirms his solvency.

Sberbank

This bank has three programs for consumer loans at once. The first of these involves the provision of a loan without collateral. In this case, the client can receive up to 1.5 million rubles for up to 5 years. In this case, you will have to overpay 15%. However, such rates do not imply collateral, therefore, in order to receive funds, it is enough to provide the bank with a certificate confirming the client's solvency and the presence of a permanent job.

There is also another program, according to which a person can receive funds in the amount of up to 3 million rubles if he can provide a personal car as collateral. Or you can bring a guarantor with you. In this case, the interest rate will be 14.5%, and the repayment period will be 5 years.

In addition, in Sberbank you can get a loan secured by real estate. At the same time, the loan amount can reach up to 10 million rubles, which can be repaid over 20 years. The interest rate will be 15.5%.

It is also worth considering other banks that issue loans at a low interest rate.

Rosselkhozbank

This credit organization is very popular among the population. The fact is that people of retirement age can get the lowest rate on consumer loans here. For pensioners, the percentage will be 16% per annum. At the same time, it is not necessary to confirm that the money will be used exactly for the purposes for which the citizen takes it. Accordingly, the funds can be used for any purpose, including the purchase of an apartment.

Loans of up to 500,000 rubles are available to the elderly. The term of payment in this case is 7 years.

Also, Rosselkhozbank has additional consumer programs:

• For gardeners. In this case, we are talking about a loan for the construction of a summer house, a bathhouse or any other object. The loan amount is up to 1.5 million rubles. The funds can be repaid up to 5 years at a constant interest rate of 21%.
• For engineering communications. This loan is issued for the purchase of the necessary equipment for conducting gas, electricity and much more. The conditions are the same.
• For reliable clients. In this case, we are talking about people who have previously taken out loans from this bank and successfully repaid them without any complaints. In this case, the loan amount can reach up to 1 million rubles, and the rate will be 18.5%.

If the client wishes to issue a non-targeted loan, then the funds can be received at an interest rate of 21.5%.

"VTB 24"

Speaking of the lowest consumer loan rates, it is impossible to bypass this bank. In VTB 24, it ranges from 17% to 19%, depending on the documents that the borrower is ready to provide. If he brings certificates confirming that he has a permanent place of work and income, then the percentage will be less. Also, a lower rate is provided for those who take a large loan for a shorter period.

The maximum loan amount is 3 million rubles. This does not require confirmation of collateral. In addition, in some situations, a bank employee may ask you to provide details of close relatives and friends. Most likely they will be called to confirm the information provided by the client when signing the contract.

Sovcombank

Speaking about where the lowest credit rate for consumer credit is, it is worth mentioning this bank, which is only gaining popularity so far. However, this does not mean that it does not deserve attention.

In Sovcombank, a citizen of the Russian Federation can receive funds in the amount of up to 250 thousand rubles for up to 3 years. In this case, the interest rate will be from 12% to 18%, depending on the loan term.

Gazprombank

The lowest consumer loan rate in this bank is 10.5% per annum. However, such loans are issued only for the purchase of real estate. For the purchase of a motor vehicle, loans are issued at 12%. Also, citizens can apply for a loan to study at a higher educational institution. In this case, the overpayment will be 11%.

What to look out for

If a person managed to find the lowest consumer loan rates in Novosibirsk or any other city in the Russian Federation, then you should not immediately rush into the pool with your head.

To date, reliable banks have a minimum interest rate on loans that cannot be less than 12%, unless the rate reduction was due to a separate program or bonus system for regular customers. If a little-known organization offers to issue a loan at 5%, then it makes sense to think about whether there is any scam behind it.

It is extremely difficult to say exactly which bank has the lowest consumer loan rate. The fact is that in any organization, the conditions may vary depending on the purpose of lending and other factors. Therefore, before applying for a loan, you need to carefully study the existing programs and check with the bank representative for possible privileges.

It should also be borne in mind that some banks automatically connect additional options to customers. If a card is issued, it may also be paid. If the client pays only monthly payments and does not pay, for example, SMS alerts, then this may turn into penalties and additional commissions.

Finally

Before applying for a loan at any bank, it is necessary to study in detail each clause of the proposed agreement. All terms must be clear. If you have a question about any item, don't hesitate to ask.

In addition, it is recommended to study reviews from other customers and check the latest information about the chosen credit institution, especially if it is not a bank. Every year, the Central Bank revokes dozens of licenses from such companies. Therefore, it is worth spending extra time studying detailed information.

You don't have to leave your home to apply for a loan. Most banks offer customers online loan processing.

According to statistics, in 2019, 50% of families have an outstanding loan. Due to the large number of offers for individuals, such banking products have become available. Today it is easy to find an offer that would fully meet the requirements of the borrower. Banks of Russia, in an effort to attract more potential customers, are developing preferential terms.

If you are looking for where to get a loan, then this site is perfect. With its help, people will find offers who:

• want to get money quickly for consumer needs;
• do not have a formal job;
• looking for low interest rates;
• trust banks with a high level of reliability.

Using the site, apply for a cash loan without certificates from the largest holdings like Sberbank, VTB Bank, Gazprombank, Alfa-Bank, Rosselkhozbank.

How and where to get a loan?

Choose the best offer. Many banks offer online loan applications. It speeds up the consideration of the proposal, allows you to get a positive response from several institutions.

When a response is received on an application for a loan, it remains to come to the nearest branch to provide the original documents. You can immediately go to the official page of the bank to see what conditions the borrower must meet.

The required amount can be issued in cash or with a transfer to a card. Choose the option by which it will be convenient for you to repay the debt.

Pros and cons of cash loans

Getting a cash loan is easier because the application is processed quickly. In rare cases, this may take up to 7 days. The advantages include:

• the possibility of using funds without providing a report on the purpose of use;
• a small list of documents provided;
• no requirement for collateral and without guarantors.

Disadvantages - a small credit limit and a more substantial interest rate.

Ways to apply for a loan: online or in a bank

A cash loan is issued when applying online. The form is completed within 10-15 minutes. The more complete the information is, the more likely it is to get approved. You can write and send it at any time of the day.

At the bank, the application is filled out in paper form. You can immediately get advice from a credit manager who will help you choose the most suitable program. But not everyone can afford to visit a financial institution during working hours.

How to choose the right loan?

Getting a loan is easier if you use it. On the website, you can specify the term and the required amount, additional conditions. Automatically, proposals that meet the requirements will be issued. Users will see:

• maximum limits;
• interest rates;
• terms.

Best Loan Offers

It is easy to take a consumer loan at a rate of 5.5%. The best conditions are offered for regular or payroll clients, people with a positive credit history, upon providing a certificate of income. There are proposals under the refinancing program that allow you to combine several loans at once.

Current trends in loan rates

Bank loans are offered at rates that are lower than they were in previous years. Large institutions are reducing rates, which causes some excitement among customers. The emphasis is on issuing larger sums. In many banks, the interest is not affected by the requirement for life insurance, there are no additional commissions.

consumer credit- one of the most common ways to obtain finance for the implementation of their needs. For example, such needs as the purchase of household appliances, furniture, payment for education, home repairs and much more.

The average period for which a client can receive a loan is from 1 month to 7 years, inclusive. At the same time, in most cases, funds are issued in cash, but sometimes they are also credited to the client's card. Many banks for obtaining a consumer loan up to 300,000 rubles require only one document - a passport. Financial institutions usually do not require other additional information. Those wishing to borrow an amount in excess of this limit should provide proof of their financial solvency to pay off the debt (certificate of income) or leave their property as collateral.

Many financial institutions issue consumer loans in the amount of 100 thousand - 1 million rubles. Some banks provide a small loan of 5 thousand rubles, while other banks can provide a loan of up to 30 million rubles.

Our editors have collected the best offers on consumer loans currently existing on the Russian market in the table below.

Application to all banks at once

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What to do if you are denied a consumer loan?

There are times when financial institutions refuse to provide a loan. Do not despair. There are 3 additional ways to get this service in Russia:

• You can improve your credit history;
• . The service is simple and fast. You can get a loan in cash at one of the company's offices or on a user's card using the official website. Refusal to provide a microloan is rare. At the same time, the interest rate for repaying the debt will exceed the bank rate;
• Apply for an express loan. This advice is suitable if you want to borrow a small amount of funds. Plus, the repaid interest will also be inflated.

Lower interest rates to the lowest

The reliability and reasonable responsibility of the borrower may help to obtain a lower interest rate. To acquire such a reputation in the eyes of the employees of the financial department of the bank, it is necessary to provide a possible list of documents, including those indicating the solvency of the client. These include:

• Passport, passport;
• Military ID;
• SNILS;
• Pensioner's ID;
• Medical policy;
• Assigned taxpayer code (TIN).

Information on permanent income and its size can be confirmed using a personal income tax certificate of the 2nd or 3rd form for the period from 3 to 6 last months. At the same time, the first option (2-personal income tax) is more acceptable, since it indicates the constancy of financial receipts.

In addition, it is appropriate to enlist the support of one or more guarantors and provide information about the collateral.

Additional factors affecting the interest rate

The following factors affect the repayment amount of a consumer loan:

• Accrued interest;
• Additional commission fee (monthly or one-time);
• Repayment scheme.

You can find out the full list of items that make up the overpayment when repaying a consumer loan from the contract. At the same time, before signing the agreement, the bank employee is obliged to present to the client the calculation of the amount to be paid. Sometimes more than half of the monthly payment goes to cover interest charges, as a result of which the client overpays.

Before signing the contract, carefully analyze the monthly payment scheme and the number of additional commissions.