Credit cards and interest rates on loans in banks of Russia

In recent years, the Russian credit market is undergoing major changes. The international economic crisis affected the interest rates on loans in banks of Russia. It is because of him that many financial organizations were forced to call themselves bankrupt. Those who could survive it, completely revised their lending policies. An important role was played by the government, which issued a bill regulating the rights of all bank customers, both the depositor and the borrower. Now financial institutions are obliged to provide the most complete and timely information on all payments collected during program maintenance.

This move on the part of the government has greatly increased the trust of ordinary citizens in the execution of loans. In the course of the struggle for the consumer interest rates on loans in banks began to decrease. The practice of charging bank commissions for a huge number of "trifles" is disappearing into the past. Now most banks do not oblige the borrower to pay for cash or credit. Till now at registration as a pledge of object of the real estate or a site of the earth to the borrower it is necessary to pay services of the bank expert. However, this service can help significantly expand the scope of the loan. Thus, you can get up to 10 million rubles. For up to 30 years.

Interest rates of banks on loans to the population

Today, the banks of the Russian Federation provide a huge number of different programs. One of the most often issued is consumer credit. With its help, you can take a loan for the purchase of any product or service: from mobile phone to education. Interest rates on loans in banks are in a wide range from 12 to 70% per annum. Such a big difference in rates is due to the difference in the amounts and conditions for issuing loans. You can get from 30 to 700 thousand rubles, providing only a few documents. A financial institution, wishing to recoup its risks, will inevitably ask for a large overpayment if you provide only a passport. However, by providing a collateral object, a guarantee and a full package of documents, it is possible to significantly reduce interest rates on loans. In banks, always go to meet those who give guarantees of debt repayment.

Credit cards

Very popular is the service of multiple lending. In its framework, banks provide their customers with credit cards that allow you to take money without asking permission from the lender. For example, "Home Credit Bank", the interest rate on "card loans" of which is 29.9% per annum, allows you to use your money 51 days for free. The maximum amount that can be obtained in this way is 300 thousand rubles. Naturally, the user will have to pay for the maintenance of his card account and, possibly, pay a certain percentage for the withdrawn cash. When making a credit card, you should carefully study all the commissions that you will have to pay for its maintenance. At the moment, this method of obtaining loans quickly conquers the market and maintains its growth trends.