How to save on loan payment?

Lending is always additional expenses. The amount of 50 thousand rubles is taken, it is already returned 55. It is impossible to stay from the loan in the plus, in any case you will have to pay interest, but there are ways to save on their return.

Which economists will tell.

Credit card with graris-period

If you plan to buy for a small amount (approximately 50-70% of wages), it is best to take a credit card with a grace period. Almost all banks offer such a service. During the grace period, which is usually 55 days, the borrower does not pay interest to the bank. If, before the end of the Grace Private, the client will return the debt as a whole, then the microloans online will actually turn into installments. No overpayments, but there are two nuances:

Be sure to clarify the start of the gas period reference. In some banks, this is the moment of activation of the card, in others - the date of the purchase. If you make a mistake with the calculations, the percentage will still have to be paid. And in credit cards, this is an average of 25% per annum.

Additional costs are still present - it is necessary to pay for the release and maintenance of the card. Typically, the amount of annual service does not exceed 1000 rubles.

It is recommended to compare the cards with the unlimited period using special services. Some banks set a longer graris period: 60, 70 and even 100 days.

Credit refinancing

The loan has already been issued, but it turned out that in another bank, a bet on a similar program is much more profitable? Debt can be transferred to another institution. To do this, undergo a refinancing procedure. In her course, one bank redeems the debt from another, and now the borrower pays monthly payments to him. Boats on loans are constantly changing, not only gradual growth occurs, in certain months, negative jumps are also noted. So, tracking the proposals of different banks, it is quite possible to transfer the loan to another bank and thereby reduce the mortgage rate from 12% to 10%, for example.

There is a significant minus - the need to re -pass the procedure for approving the microloan on the card . The bank with more favorable conditions will require confirmation of solvency: a 2-NDFL certificate, an extract from the work book. The collection of papers and consideration of the application may take 1-2 months, so refinancing is beneficial only with long-term loans.

Early repayment of debt

This system is also practiced with large loans. Borrowers who purchased an apartment or car through the bank strive to give an additional amount in addition to the monthly payment. Suppose, the due payment is 20 thousand, and the client gives 25 thousand.

An example that shows why this allows you to save

Andrei took a car loan worth 300 thousand rubles for 24 months. At the rate of 20% per annum. If he paid according to the standard scheme, in the end he would give the bank 420 thousand overpayment - 120 thousand, a monthly payment - 17.5 thousand rubles.

Andrei realized that he could pay the debt faster. Instead of 17.5 thousand, he monthly gave 30 thousand rubles.

After 12 months. The total amount of the funds given amounted to 360 thousand rubles. This was enough to extinguish the entire body of a loan (300 thousand) and interest that ran over a year (60 thousand). The debt turned out to be repaid.

The benefit of early repayment is 60 thousand rubles.

You should not think that if you pay twice as much as a monthly payment, you can then not pay within one month. The payment schedule remains the same.

Source - https://microzaim-online.ru/