“Before choosing a product, you should know your credit score.
It affects the likelihood of approval and the conditions for a loan that banks will offer you.
When calculating the rating, it takes into account how long you have been using credit products, whether you have made any delays, what share of loan payments now occupy in your income (debt load),” recalled the head of online lending at the Sravni financial marketplace.
To improve the rating, you can get a small loan or, for example, buy goods in installments and make payments on them in a timely manner, the expert added.
“If you have credit cards that you don't use, close them.
This will reduce your credit burden and increase the likelihood of a new loan being approved.
In addition to credit history, there are a few other nuances that you should consider when choosing a loan.
First, look at additional fees - banks often charge a fee for services like SMS alerts or card maintenance.
When signing the contract, you can refuse such services, ”the specialist advised.
Sometimes a low interest rate on a loan can mean the mandatory issuance of a debit card or the services of a lawyer, an RT interlocutor said.
“Secondly, check the conditions for credit insurance or other additional products.
As a rule, the loan rate depends on their presence or absence.
At the same time, I recommend not to refuse immediately, but to carefully read the conditions.
Such services can help in situations where you have problems with repayment of a loan or with health,” she explained.
It is worth paying attention to the date of payment - usually this is the day the loan is issued.
“Compare the date of payment and the date of receipt of the advance/salary.
If it is inconvenient for you to make a payment, then you should discuss with the bank a change in the date before signing the contract.
In some banks, after issuing a loan, it can only be changed for money, ”said Boxer.
Just in case, check the penalty that the bank will take for the delay, she recommended.
“Find out if you can arrange a credit holiday or defer payment.
This information will at least help you feel more confident.
It is worth remembering that a delay of more than three months will lead to problems with obtaining loans in the future, ”the expert explained.
According to her, one of the main mistakes when applying for a loan is an incorrect calculation of one's strength.
“Before you take out a loan, calculate whether you have enough income to make monthly payments.
Consider not only the interest rate, but also other indicators that affect the size of the payment.
In addition, I recommend postponing the transaction if the payment exceeds 40% of your income.
Do not rush to immediately sign the contract received from the bank.
You have five days to study it.
During this time, the bank cannot change the proposed conditions.
Therefore, it is better to carefully read the document and find out all the incomprehensible points, ”the RT interlocutor emphasized.
When you repaid the loan, be sure to ask the bank for confirmation that the loan is closed, Boxer recommended.
“Sometimes there are mistakes when repaying a loan on time, for example, it can be listed as open and affect the credit rating,” she concluded.
Previously, analysts have compiled a portrait of a typical mortgage borrower.