What does interest on a loan mean? Low interest loans. Low interest loans from Vostochny Bank

Consumer loan– one of the most common ways to obtain finance to meet your needs. For example, such needs as purchasing household appliances, furniture, paying 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. 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 above this limit must provide proof of their financial solvency to pay off the debt (certificate of income) or leave your property as collateral.

Many financial institutions issue consumer loan for 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 for 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 cases when financial institutions refuse to provide a loan. Don't 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 to the user’s card using the official website. Refusals to provide a microloan are rare. In this case, the interest rate for debt repayment will exceed the bank rate;
• Submit a request for an express loan. This advice is suitable if you want to get a loan a small amount funds. Plus, the interest paid will also be inflated.

We lower the interest rate to a minimum

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

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

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

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 amount of repayment of a consumer loan is influenced by the following factors:

• 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. However, before executing the agreement Bank employee is obliged to provide the client with a calculation of the amount to be paid. Sometimes more than half of the monthly payment goes to cover interest charges, resulting in the client overpaying.

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

The question of which bank can get a truly profitable loan worries all future borrowers - especially now, in 2018, when the variety of loan programs is simply off the charts.

To decide where you can get money for favorable conditions, first you should look on the forums for reviews of people who have already collaborated with banking organizations in Moscow. This will allow you to consider credit programs from the point of view of lived experience, see their pitfalls, understand which bank is better to apply for, say, a consumer loan, and where it is more profitable to take a cash loan - and then select several options for more detailed study.

One of the “hottest” items when choosing credit program- interest rate. To decide at what percentage to issue a loan, the bank evaluates the client according to all parameters: age, income, place and length of work, presence of expensive property, and so on. Some banks offer special conditions pensioners or people receiving through their system wages. The more reliable the client’s “dossier” looks, the lower the rate.

! The amount and period of repayment are also of great importance - the larger they are, the higher the percentage. The presence of a guarantor or collateral, on the contrary, can reduce the loan rate.

Another important topic is the list of documents that a bank client needs to receive funds. A loan of up to 150,000 rubles is quite easily issued with a 2-NDFL certificate. And for larger amounts - up to 500,000 rubles - you may additionally need employment history plus one more official document - for example, SNILS, foreign country, TIN and so on.

It would not be superfluous to clarify these points:

• Does the bank give the client the opportunity to repay the loan early;
• How can I make loan payments?
• What are the penalties for late payments?
• How long has the bank been operating, is it considered reliable;
• Does the bank have special programs for your purposes?

To make the final decision where to get the most favorable loan, the most convenient way is to submit applications to all pre-selected banks in Moscow, and then compare the conditions that they will offer specifically to you.

And most importantly, always thoroughly study all clauses of the contract without exception! Paying attention to detail can save you a lot of trouble.

First of all, the attractiveness of a loan offer from any credit institution We evaluate by the interest rate. Banks know this very well and lure us with another reduction annual interest. Indeed, the rate is the most important parameter of any loan, which affects its price (the final overpayment), but it is far from the only thing that we discussed in detail. You will learn more about what it is, about its varieties, and how you can influence it in this review.

Interest rate. What it is?

Interest rate- this is an amount expressed as a percentage of the amount of the loan issued, which the borrower pays for the use of borrowed money per a certain time interval (day, week, month, year, etc.).

Usually we are faced with an annual interest rate, that is, the amount of overpayment for a year of using a loan, but we can often encounter a daily one. For example, any micro financial institution indicates the daily interest on the loan. But in essence, the interest rate on a loan (hereinafter referred to as the PV) is synonymous with the annual PV.

Just for fun, try a little experiment. Open any loan calculator (they are easy to find through any search engine: Yandex or Google) and calculate the payment schedule with the following loan parameters: amount - 100,000 rubles; term – 1 year (12 months); loan interest – 10%; type of payment - annuity. As a result, you will receive an overpayment of 5,499 rubles. Please note that this amount is not like 10% of 100 thousand (which is 10 thousand rubles), but much less. Why?

It's simple. The fact is that the payment schedule is designed for monthly repayments loan (we will talk about their varieties a little further). After the next repayment, the amount of the debt (loan body) is reduced by the amount of the monthly installment, after which interest is accrued on the balance of the debt, which becomes smaller every month. Because of this, the total overpayment will be lower than stated.

But if you paid the entire amount one time, you would have to pay 110 thousand. By the way, despite the fact that banks are more profitable with the second, one-time repayment option, any loan is repaid in installments and in most cases every month. This is done not only for the convenience of the client. Banks must see how timely the borrower fulfills its obligations under the agreement, and in case of non-payment, take timely measures.

What factors influence the interest rate on a loan?

There are many factors influencing the amount of interest on a loan. But the primary one is the size of the so-called key rate Central Bank RF. At the time of writing, it is set at 9%, but its value may change every quarter or even month, or may remain unchanged. It all depends on the economic situation in the country.

The key rate of the Central Bank of the Russian Federation tells us that not a single bank offer with a lower annual interest rate can be a reality. And if you see bank offers with lower rates, then the financial institution probably included a lot of others in such products, which bring the amount of interest actually paid to the average market level.

Since the bank issues loans exclusively from borrowed funds, the level of annual interest is affected by:

• the value of current inflation;
• interbank lending rate (banks can borrow from their business colleagues);
• expenses for paying interest to depositors.

Types of interest rates

Depending on various variable factors and the method of setting, several types of rates are distinguished:

1. Fixed. A constant amount of interest on the loan, established by the agreement, which does not change over time and does not depend on the economic situation and other criteria.

2. Floating. Subject to periodic review in connection with changes in the key rate, inflation level and other events in the country’s economy.

3. Decursive. Interest payments are collected as a lump sum along with the principal debt at the end of the loan term. That is, in case consumer lending This type of annual rate is used.

4. Antisipative (or preliminary). Here the situation is exactly the opposite of the previous view. All interest is charged at the time the loan is issued, and its amount is calculated based on the total amount of debt.

5. Current. A rate fixed on a specific date and valid only for those loans issued on that day. In a day, week, month, completely different annual interest rates will apply.

6. Forward. It is also fixed at a specific date, but is valid for all obligations that were formalized after its establishment. This rate is valid until the day its new value is fixed.

7. Adjustable and non-adjustable. Depends on influence government agencies(in particular, the Central Bank) on the size of the annual interest rate. Unregulated types are more often present in commercial banks.

8. Auction. These are rates for loan agreements that were issued through a tender for trading platform. Consequently, auction procedures had a direct impact on their value.

9. Banking. Annual interest rate on loans issued to direct borrowers (companies and individuals). Set directly by the financial institution.

10. Nominal. Based on current asset analysis banking institution without taking into account market processes. Based on this indicator, rates are calculated for each interest period.

11. Real. The nominal rate, adjusted for price fluctuations.

The catch of a loan with a low interest rate or how to find out the real annual interest rate

We have already said that not a single loan issued by banks can cost less than attracted bank resources. Who would work at a loss? Certainly not a bank! Money, in fact, is the same commodity, for the use of which you have to pay.

Advertisements and ongoing promotions will always talk about the minimum possible lending rate that exists in the bank, because the first thing a financial institution needs to do is attract a client. And only then be able to retain it and sell your products. Therefore, when applying for a declared loan “at 12% per annum”, you will most likely find out that this rate applies to preferential categories ( salary clients, pensioners, etc.) and most often applies to short-term types of loans (up to a year) - usually minimum rates the so-called ones have them (for their own).

For your needs and capabilities, the bank will also have a “very advantageous” offer with an annual interest rate of, say, “from 19%.” Do not rush to agree, study the offers of competitors.

Another advertising trick is camouflage. Often the bank tries to “hide” the real interest rate on a loan among many additional services and associated fees. As a result, the client will be informed minimum percentage per annum, but he will find out about the rest of the “surcharges” later. As they say, there will be a surprise.

When we talk about the real rate, we mean the so-called effective interest rate (although since 2008 it is no longer called that), which reflects the (TPC). The PSC, in accordance with the law, must be indicated in large font in a black frame at the top right of the first page loan agreement. It includes all the costs of servicing the loan taken, and is, in fact, the price of the loan. It is by this parameter that it is necessary to compare offers from different banks. By the way, the PSC is necessarily indicated in the form of an ANNUAL rate.

And one more nuance - look for the word “annual” in any sentence. You can often see an advertisement that a financial institution offers loans at “only” 2%, but next to it in small letters it will be written “per day.” As a result, such a loan will cost at least 730% per annum. And this is real robbery, which has a more streamlined name - usury.

Read about which loan is the most profitable.

Overpayment calculation

The amount that ultimately has to be paid to the bank also depends on the type of payment for it - it can be differentiated or annuity.

With a differentiated repayment scheme, the loan body is divided into equal parts, depending on the expected number of payments (this can be found in the payment schedule). To each equal part the interest accrued on the debt balance is added, which will be maximum on the first payment and minimum on the very last. Thus, the payment amount will decrease every month.

The annuity scheme divides all payments equally. Interest is also accrued on the balance of the debt, but the share of the repaid loan body in the first payments will be minimal - the main part of the payment will be interest on the loan. Thus, first you will pay off the interest, and then you will pay off the principal debt.

You can read about the advantages and disadvantages of each repayment scheme in, let’s just say that banks mainly use the annuity scheme.

To calculate monthly payments, the following formulas are used (especially for those interested):

You can see the total overpayment in the payment schedule issued by banks as an integral part of the loan agreement, or calculate it in loan calculator on the bank’s website or other Internet resource.

How to reduce the interest on a loan?

Whatever the annual interest rate on the loan, there is always a chance to reduce it. To do this, you must meet all the bank’s requirements regarding age, work experience and income, and also be prepared to provide additional documents. If you receive wages on a salary card, then you have every chance of getting a loan preferential conditions, the same applies to the bank’s regular customers and depositors, although credit is granted in the same financial institution, in which you have an open deposit is not recommended (if the bank loses its license, the deposit will not be returned to you until you repay the loan).

You can also use the “services” of a guarantor, or take out a secured loan.

Universal advice: if you want banks to always treat you loyally, then from the very beginning of your “credit life” be a disciplined borrower, fulfilling your obligations under the contract in a timely manner, and do not allow your credit to deteriorate. credit history. It's easy to ruin it, but harder to fix it.

CreditZnatok is a service for selecting the most profitable loan offers from Russian banks and microfinance companies. Citizens living both in Moscow and other Russian cities are served. You can find a profitable loan using the online filter at the top of the page.

Get the most profitable cash loan: how to apply and what you need to know

To find a program with acceptable loan terms, first enter the required amount and term in the appropriate filter fields. Also, for proper selection, you should indicate your city of residence. After activating the “Select” button, the service will offer the client a list of banks that have representative offices in this locality.

Consumer loans are issued for various needs: from small purchases to large investments for business development, etc. Accordingly, the amount can be very different: from 5-7 thousand to several million rubles. Large credit loan usually allocated for mortgages and similar purposes. To make a profitable deal, consider all lending conditions:

• bet size;
• the need to confirm income;
• is it possible to obtain a loan on favorable terms on the day of application;
• options for withdrawing cash and repaying debt (to card, account), etc.

How to get the best loans

Choose a good option- this is only half the battle. You still need to submit your application correctly in order to credit organisation considered the applicant to be quite trustworthy. This can be done online on the website of the selected company. Click on “Apply for a loan”, after which the required page will automatically open.

Each lender offers assistance to the future client in the form of a calculator to calculate the interest rate and the final payment amount. Before submitting an application, check whether the bank provides the opportunity to repay the debt early without “penalties”. If you are satisfied with all the conditions, carefully fill out the form, wait for approval and go get your money.