Of course, with a lack of financial resources, especially with the inevitability of expensive purchases or other expenses, say, for recreation, education or treatment, a loan is an irreplaceable thing. But let's see if everything is so cloudless in the banking sky, and discuss the question of whether it is worth taking a loan at all? Now we are not talking about legal, but about individuals, in other words, about ordinary citizens.

General situation in the financial market

Today, banking institutions are trying to attract as much investment as possible to their sector. That is why they offer incredible interest rates for depositors and seemingly meager ones for borrowers.

But do not rush to rejoice. If you look at all this through the prism of the banking system, it is easy to see that the interest on the deposit cannot exceed the rate on the loan. In other words, putting money on a deposit in one bank or financial institution, no one will be able to repay a loan taken in another with the help of accrued interest.

Influence of external factors

The banking system is one of financial instruments any country is subject to the influence of crisis factors of the economy - external and internal - in the first place. The depreciation of the national currency is far from being berries or even flowers.

In such a situation, even with a depreciation of the ruble, the question of whether to take a loan in 2019 looks somewhat naive. And if we take into account loans, say, in dollars or euros, their receipt becomes completely inappropriate.

Judge for yourself: after all, upon repayment, the borrower will have to pay a certain amount either in the currency of the loan, or from the recalculation of the value of the national currency to the one in which the loan was issued. Thus, in a financial collapse, the borrower can overpay quite large amounts. Take Ukraine as an example, where the hryvnia fell three times against the dollar in two years.

By the way, the consequences of a short-sighted financial policy have led to the fact that Russians cannot now pay for long-term loans in dollars and euros simply physically - the issue has already been raised by the affected borrowers at the level of the president and government of the Russian Federation.

If a loan is needed

Is it worth taking out a loan now? You can answer in different ways. The events associated with the exit of the UK from the EU, although they did not bring down the financial markets, nevertheless, a share of the chaos in world economy made. Russia, Ukraine, Belarus are also subject to general global trends.

Each financial institution will now try to strengthen its stability by attracting additional funds, in particular, deposits. At the same time, banking institutions also attract potential customers to lending programs, promising meager interest, for example, when issuing credit cards, which are becoming more and more popular.

Loans with a minimum of documents for registration are also announced. But in fact, a bank or other institution that issues a loan will never give it to a borrower without official employment and confirmation of his income and solvency. If a work book or a certificate of income for the last six months is not required, in any case, they will ask for the employer's phone number so that he personally confirms the borrower's employment.

In addition, express loans, which can be taken with a minimum of documents, are issued:

If there is already a need to obtain a large loan for several years, be sure to check whether the financial institution is included in the deposit guarantee system: if the bank loses its license (the Central Bank of the Russian Federation has recently withdrawn them quite often), the loan may be required to be repaid ahead of schedule and in full.

And one more thing: when deciding whether it is profitable to take a loan in 2019 in your particular situation, you should not succumb to all sorts of promotions with deceptively attractive conditions. Remember that not a single bank or other institution, when issuing a loan, will take risks and will not remain at a loss: any minimum interest has been calculated more than once by lending specialists and must be compensated for in some way.

Getting a loan from a bank - what you need to pay attention to: Video

Today, many of our readers are wondering if it is worth taking loans in 2019, given the current crisis? We will try to give a detailed answer to it in this article, citing some excerpts from the opinions of prominent experts in terms of finance and credit.

current situation

So, today in Russia a difficult time has indeed been established both for ordinary citizens and for large financial enterprises. Too many things have happened lately that have significantly affected the country's economy, in particular:

• devaluation of the ruble due to the collapse of its exchange rate,
• increase in the key rate of the Central Bank,
• imposition of sanctions by Western and European countries, etc.

Many of our fellow citizens feared that the country was in danger of default, as it was in ancient times, but we hasten to reassure you - there are no prerequisites for this.

Russia still has the richest mineral reserves, gold and foreign exchange reserves are not depleted, and external debts are not critical, as, for example, in Ukraine.

And remember!!! Before taking out a loan, think 10 times and apply once once. If today you are offered a loan with a rate of over 17% - this is a clear robbery. Look for the best deals. They are there, you have to look for them. And do not forget to read this note before applying, it will help you not to make serious mistakes!

Bank	% per annum	Filing an application
Oriental is more likely	From 9.9%	Checkout
Renaissance Credit is the fastest	From 9.9%	Checkout
Home loan worth a try too	From 9.9%	Checkout
Alfa-bank credit card	0% for 60 days	Application
Svyaznoy: installment card Conscience credit card	from 10% per annum	Application
Home Credit: installment card Freedom credit card	from 12% per annum	Application
Sovcombank if everyone refused	From 12%	Checkout

Why did they stop issuing loans?

Many borrowers mistakenly believe that banks have stopped lending money to the public. This is not at all the case, loans are issued as often as before, but only now they are issued not to everyone, but only to reliable clients.

Despite the fact that the key percentage has been reduced, and banks can again receive "cheap" loans and offer them to the population, credit companies significantly tightened their requirements for borrowers. Most companies now have the following conditions:

• Age from 21-23 years old, you can get loans before retirement age;
• The presence of official employment,
• Earnings of at least 10-15 thousand rubles per month, which must be confirmed by a certificate of income;
• It is necessary to have a total work experience of at least 1 year, and at the current place of work - from 6 months (all this must be confirmed by an extract from work book or contracts).

Small “indulgences” can only be received by certain categories of clients, often these are public sector employees or bank payroll clients. Read about member credits salary project Sberbank can be in this article.

Let's analyze the nuances

• Cash loan

If you are faced with the question of whether it is worth taking a consumer loan now, then there cannot be a definite answer. Some experts say it's worth it, others don't, everything "rests" on the choice of the bank itself and its program.

The fact is that it is impossible to say with certainty which banking organization offers the most profitable loan due to the fact that for each person the concept of "profitability is individual": some want to have the maximum amount, others - low interest, others - no commissions, etc.

Of course, it is best to choose offers with the lowest rate, because it affects the amount of your final overpayment. You can reduce it by collecting documents, registering a pledge or attracting guarantors. Where now you can profitably borrow at a minimum percentage, we tell.

• car loan

If you are thinking about buying a car, then now the most profitable are domestic cars produced in 2018-2019, with a cost not exceeding 1.5 million rubles. They can be purchased with government subsidies through the First Car or Family Car program.

Co-financing interest rate not here, but borrowers are given a discount of 10% of the cost of the car. At the same time, there are requirements for vehicles as well as to the buyers themselves. How exactly you can use this subsidy, we describe in detail in.

• Housing loan

If you are going to apply for a mortgage, then experts say that it is definitely profitable to do it now. Here are some of the reasons:

1. Decrease in real estate prices;
2. The presence of many promotional programs for housing lending;
3. Provision of state aid large families by providing subsidies under the Young Family program and Maternal capital. Also, a project with the provision of annual mortgages for families where, after January 1, 2018, a second or third baby was born, is very popular.

If your total family income allows you to cover about 40-50% of the appraised value of the apartment, then it makes sense not to apply for a mortgage loan, but to enter into share building at the very beginning of the construction of a new house.

In this case, the cost of the apartment will be one third lower than its estimated cost when the housing was put into operation. During the time that the construction will go on, you can save the remaining amount or borrow it from relatives and friends.

If your savings are barely enough for 10-20% of the estimated cost of the apartment, then it makes sense to apply for a mortgage loan. When choosing a bank, be guided not only by the terms of the loan agreement, but also by the reputation of the organization itself.

Credit can be both useful and harmful if it is not used for its intended purpose or does not fit the person's situation. You can not say that credit is evil. It often happens that you can earn or save your money on it. Especially for Sravni.ru, financial adviser Natalia Smirnova talks about five cases when borrowing is profitable.

1. When inflation is higher than lending rates

Using a loan when the rate of price growth of a certain product is higher than the cost of the loan, and the yield on conservative instruments in which you could save up for the desired purchase (for example, deposits) is lower than the price increase. A classic example is use with a grace period, when a bank within grace period does not charge interest. Or use interest-free installments.

For example, you plan to make a small repair for 200 thousand rubles. within a couple of months. You can either buy all the materials at once with a credit card, or - buy gradually, or - postpone repairs until you have accumulated the required amount. You have been choosing materials for a year and have seen that on average prices grow by 12% per year (i.e. 1% per month). If you pay now, it will be 200 thousand. If you pay 100 thousand now, then in a month you will have to pay 101 thousand. repairs will cost you 201 thousand already. And if you save, then after 2 months the repair will cost you 202 thousand rubles. And if the deposit rate is below 12%, then saving is less profitable for you than buying now. Moreover, if you have these 200 thousand, then it is more profitable for you not to spend them, but to pay with a card, put these 200 thousand at least for 1.5-2 months. (depending on the grace period), and after 1.5-2 months. you will return the bank 200 thousand, and leave yourself the interest on the deposit.

Important: it is difficult to predict price increases more than a year ahead, so this option is only applicable for a short period of several months, and ideally only with a credit card with a grace period, where the cost of borrowed funds is zero.

2. When there is a sharp devaluation

Using a loan in the event of a sharp devaluation of the ruble (more than the cost of borrowing), especially if you want to buy something that is pegged to the rate of a stronger and more stable currency.

For example, you want to go on vacation at the end of the year, and the vacation is not planned in the Russian Federation. You can pay for the trips in advance, but then you will need to take out a loan or use a credit card, or save up so that at the end of the year everything will be paid from your own funds. If it were 2015, and it happened in the summer, then one could assume that in December, which then accounted for the largest payment on external debt in foreign currency, one could expect a drawdown of the ruble. If you saved up on a ruble deposit in the fall of 2015, then in December the amount might not be enough for a vacation, because. the ruble sank more significantly (from summer to December 2015 by 30%) than the percentage on the deposit. If you had taken out a loan in the summer of 2015 and paid off the vouchers in full, you could then repay the loan before the end of the year. The overpayment would be negligible compared to the 30% appreciation of the dollar.

Important: this is a very risky option. You can’t guess with currency fluctuations, so this scenario is ideal only for purchases a couple of months in advance, and the cost of the loan should be minimal, ideally zero (credit card), and you should be 100% sure that you will repay the loan as quickly as possible, and it will not stretch for years with a corresponding overpayment. If you have the necessary amount for the purchase, then you do not need to take a loan. The loan option is only if you do not have the required amount on hand and you are afraid of a sharp depreciation of the currency in which you receive income and save money.

3. When you can make money on interest difference

Using a loan when you can earn more on investment instruments, but at a reasonable risk. For example, I recommended to many of my clients who had loans at the end of 2014 not to repay them, but to place free funds on deposits at 20-22% per annum, which became possible after the increase in the key rate of the Central Bank. Of course, I compared the overpayment on the loan and the total earnings on the deposit, and if it turned out that you could earn more on the deposit, we opened a deposit instead of getting rid of loans.

Important: It is important to understand the risks of investment instruments so that you do not mistakenly consider aggressive instruments to be conservative. For example, so that you do not decide to send all your savings to Forex instead of paying off your mortgage.

4. When a loan is more profitable than rent

Using a loan if it is unrealistic to save up for the necessary purchase within a reasonable time, but it is vital, and the rent is not comparable with the amount of the loan payment for this object. For example, you choose between for 45 thousand rubles / month. and a mortgage for 50 thousand thousand / month. In the case of a lease, you will end up not owning real estate, plus you are not immune from rising rental prices. In the case of a mortgage, the payment is the same for the entire term of the loan (or even decreases) and at the end you have an asset.

Important: you must be sure of the stability of your income and have a serious reserve fund so that during the term of the loan you will not delay and not lose the collateral (the very object for which you took the loan). And yet - the object must be really necessary. Buying an apartment on credit, if you are not sure that you will live in this country in 2-3 years, is not the best idea, because. you overpay on a loan for an asset that you do not need and it is not a fact that its growth in price will cover your overpayment.

5. When a loan is an alternative to selling property

Use of a loan instead of an urgent sale of existing assets when money is urgently needed, if the urgent sale will lead to a depreciation or drawdown of assets greater than an overpayment on borrowed funds.

For example, you have savings of 100 thousand rubles. in cash and 500 thousand rubles. in Russian blue chips. And now you urgently need 300 thousand rubles. Let's remember 2008: from September 2008 to March 2009 the Russian market sank by 80%. Suppose you needed these 300 thousand just in March 2009. Of course, it is more reasonable not to record a loss, but to take borrowed funds, wait for a rebound and repay the loan.

Important: in order to avoid such situations, you need a reserve fund in the amount of 6-12 monthly expenses. Plus, if you take out such a loan, you must be sure that you will be able to repay it over the entire period, because you may not be able to sell assets before the end of the loan term in order to repay it ahead of schedule.

As you can see, there are reservations and clarifications for each item, which once again confirms that there are no unambiguous recipes, everywhere you need to act based on the situation, clearly assessing all the risks associated with using a loan.

Today, it is possible to acquire the desired material goods at the expense of borrowed bank funds. Insofar as bank loans have become widely available to almost every able-bodied citizen of our country, many of them do not neglect this opportunity. Of course, if you take loans recklessly and inappropriately, then you can simply end up in a debt hole. And to prevent this from happening, you need, among other things, to know when it is most profitable to issue a bank loan.

In different periods of time, bank loans become either cheaper or more expensive, this largely depends on the economic situation in the country as a whole. It follows from this that it is important for each borrower to determine whether it is possible and worth it to take a loan now or is it better to wait for some time when the Central Bank of Russia will reduce key rate on short term loans. This will help the borrower in the first place, to issue bank loan on favorable terms and minimize your own risks.

The feasibility of bank lending

The financial services market is full of various kinds of offers. Among other things, due to fierce competition between financial institutions, each bank tries to offer potential client the most comfortable conditions for cooperation, in order to win their niche, lenders reduce the annual interest on loans and make loans more accessible to the population. Clients, in turn, actively use banking offers and do not even think about the question of whether it is profitable to take a loan now, and in fact, literally after a short time, it will be possible to significantly save on interest payments.

Unfortunately, the big problem of most borrowers is the low level of financial literacy, few people think about the fact that bank loan rates for the population also largely depend on the economic situation in the country. If to characterize economic situation, then bank lending becomes cheaper for the end consumer when the inflation rate in the country is minimal, during this period central bank lowers the key rate on short-term loans.

Here is a simple example: the last crisis in our country came in 2014 due to sanctions imposed by the United States and the European Union, as well as conflicts in Ukraine. It was in this year that the dollar rose sharply against the national currency, and banks suspended the issuance of large loans to the population, that is, they suspended housing lending, even the most big banks Although Sberbank and VTB24 have not abandoned mortgage lending, they have significantly reduced the volume of targeted loans issued. This was associated with high risk when the inflation rate rises and purchasing power is significantly reduced.

Please note that the key rate of the Central Bank changes quite often, so if you are thinking about applying for a bank loan, be sure to check this information, it will not be difficult to find it from open sources on the Internet.

The situation in the credit market in 2018

At the moment, in 2018, the situation in the domestic Russian market more or less stabilized, although it requires some changes. Indeed, in a few years, Russia managed to overcome pressure from the United States and the European Union, but nevertheless, the financial situation has not reached the level where banks could issue cheaper loans to the population. In fairness, it should be noted that the Central Bank is 100% fulfilling its function and is striving to maintain the inflation rate and reduce the key rate.

Although credit organizations depend on the Central Bank of Russia, they still conduct an internal policy and, on the basis of their own regulations, issue loans to customers. Loan rates have indeed become lower than a few years earlier, and loans have accordingly become more affordable, but not for everyone. Due to the high percentage of insolvency, banks incur losses and are more selective about their customers, first of all, you need to know the basic requirements of credit institutions for customers:

• working age from 21 to retirement;
• a permanent source of income, that is, the client must be registered in accordance with the Labor Code of the Russian Federation;
• positive credit history;
• permanent registration in Russia.

This is the minimum list of bank requirements for a potential client, but at the same time there are additional requirements. For example, credit organizations they rarely approve loans to borrowers who work for individual entrepreneurs, and preference is given, on the contrary, to employees of large, preferably state-owned companies.

Please note that it is important for each bank to maintain its business reputation, because if you conduct an ineffective credit policy, that is, approve loans to all applicants, then the bank’s loss grows along with this and it may lose its license at the initiative of the regulatory authority.

When applying for a bank loan, each potential borrower, first of all, should think about the appropriateness of the loan. That is, if the bank offers high percent, then, probably, it makes sense to refuse cooperation. In fact, many borrowers have a chance to get a bank loan, even those who, for one reason or another, do not fit the basic requirements of the bank. But here you need to be prepared for the fact that the bank will tighten the terms of cooperation and offer a higher annual percentage, hence the question arises whether it makes sense to take a loan on unfavorable terms.

It is also worth noting that over the past few years, overdue debt in the bank's loan portfolio has been growing rapidly. This is probably due to the fact that during the crisis many of our fellow citizens found themselves in a difficult financial situation or completely lost their source of income. Therefore, banks are more selective in the selection of applicants. By the way, in the financial services market, you can get a loan only from a bank, but also from microfinance companies, which everyone has probably heard of. True, it is worth considering here that the transaction will be enslaving for the borrower, which means that there is no point in such lending.

How to get a loan correctly

I would like to start with the fact that each client must answer a number of topical questions for himself, which we will give below. But still, you should not abuse borrowed funds, because in any case they are subject to return. The fact is that some borrowers uncontrollably issue bank loans and eventually fall into a debt hole, from which it will be quite difficult to get out later.

So, before you go to the bank you need to answer yourself the following questions:

1. Do I need a loan. Sometimes borrowed funds are taken for uncertain needs, that is, the borrower first draws up a loan, and then distributes the borrowed funds. This should not be, if you really have a need for bank funds, then, undoubtedly, here a loan will help solve current material problems, if there are no specific goals, then you should refuse to go to the bank.
2. How much to borrow. Before going to the bank, determine the exact amount that you need to meet your current consumer needs; you should not borrow more than you need, for example, to repair an apartment or buy new furniture. Of course, sometimes, in addition to the mandatory ones, you want to realize your other desires, but it is better to do this at your own expense, but non-bank ones.
3. Determine how much of the monthly payment you can make towards paying off the loan without compromising your personal consumption needs, it must be reasonable and not burden your budget.

What is the best loan to take today?

Banks offer a wide range of loans for various needs, so the choice of a banking product will largely depend on the goals that you are pursuing. For example, if you want to purchase any goods, then you can choose a non-targeted consumer loan, if you want to buy a car, then the car loan program is ideal for you, if it degenerates in a residential building, then a mortgage is the only way out for you. Therefore, now we will consider which loan is profitable to take today, and which purchase should be postponed until better times.

consumer credit

Here we will consider not only a bank loan for consumer needs, but also plastic cards with credit limit. It would be advisable to take a consumer loan if you are planning any purchases. Here you need to determine the exact amount of the loan and then only contact the bank. If you wish to make any small expenses or need cash as a financial cushion, then credit cards would be the best option.

If we talk about interest rates, then consumer credit is cheaper for the consumer, especially since today the annual percentage has actually fallen by about 2-3 points compared to previous periods. But on a credit card, interest rates have not changed, which is due to the fact that the bank provides an opportunity to avoid paying interest if you use credit plastic correctly.

Please note that the main problem of every owner credit card- this is the inability to use the grace period correctly, therefore, before making purchases on a card with a credit limit, be sure to carefully study the terms of service.

Target car loan

If you want to buy your own car, most borrowers study the market for services and offers for car loans. Although today it is not at all advisable to take a car loan, and there are several main reasons for this. First of all, car loan rates are higher than consumer loans. The second reason is that it is almost impossible to get a loan without CASCO insurance, and an expensive policy significantly increases the cost of the loan. Finally, the third reason why you should refuse car loans is the need to make a down payment.

Although in fairness it should be noted that you can get a car on credit, but only under the state subsidy program. Here, the borrowing scheme will look like this: you get a bank loan, and part of the overpayment to the bank will be paid at the expense of Money from federal budget. True, here the choice of the buyer will be limited by the conditions of the programs.

mortgage loan

Oddly enough, but now is the most comfortable period for obtaining a mortgage loan. First of all, banks significantly reduced the annual interest on mortgage loans compared to the previous period. The second reason is the decline in real estate prices, so if you are thinking about getting a mortgage, now is the most favorable period for this. Among other things, if the mortgage was issued earlier, then today you can get a loan for refinancing and thus reduce the overpayment.

Note that banks today are more willing to issue mortgage loans for the reason that due to various government programs part of the funds is compensated from the state budget.

To summarize, applying for a loan is a strictly individual matter, that is, the borrower must first determine how much he needs borrowed funds, how much he needs, and how he will repay the bank loan. As for interest rates on various loans, the annual percentage has actually decreased by several points for some types of loans, which makes loans more accessible to a wide audience.

You want to know the answer to the question of whether it is profitable to take loans from banks during devaluation Russian ruble in the current 2019? There can be no unequivocal opinion here, but we will try to give you clarifications on the options for events that may develop further in our country.

Is it worth making consumer loans?

If you were planning to buy imported household appliances or electronics in the near future, then now the moment has definitely come when you need to buy these goods, if necessary - you need to consider the option of lending. There are several reasons for this.

• The devaluation led to the fact that the ruble depreciated. Accordingly, all stores that sell imported goods and buy them for dollars will be forced to sell them at higher prices in 2-3 months. The cost of many goods, such as computer components, has already increased by an average of 20-30%;
• The ongoing mutual sanctions between the United States and Russia contribute to the tightening of the "exchange of goods" policy. It is possible that customs duties on goods from abroad will be so high that it will be extremely unprofitable to buy something abroad. This situation may develop and lead to a partial closure of the border;
• The Central Bank of Russia cut the key rate by almost half compared to 2017, and all commercial banks"dance" from her. Accordingly, right now commercial banking organizations will be able to offer you the most profitable loans.

However, it is likely that when you take out a loan and start paying on it, the bank will change its conditions. Therefore, if you still decide to take advantage of any loan offer, pay special attention to the presence of such a clause in the agreement as “maintenance of the interest rate throughout the entire term of the loan.”

In other words, you should not take loans at a floating rate, which depends on various indices and indicators. Clear, fixed numbers are needed. By borrowing really worthwhile things now, you save your money, because in a year or two all imported goods can cost twice as much.

Where can you get a good loan?

We have selected for you some interesting and attractive offers, you can apply for them right now.

1. Let's Go Bank - you can get a loan here solely for the purpose of buying goods in one of the company's partner stores. At the same time, they will be able to offer you a low interest rate of 7.77% per annum for amounts from 100,000 to 275,000 rubles. The contract is concluded for 13 months, often asked to bring a guarantor;
2. "Money" from Sovcombank is provided to pensioners, youth and employees at a rate of 8.9%. Here you can borrow up to 100 thousand rubles for up to 1 year. The bank works with clients aged 20 to 85 years. Proof of a permanent source of income is required. More information about this product can be found
3. In Alfa-Bank you can apply for a cash loan, which is provided for any purpose without collateral and guarantors. The maximum amount is up to 2 million rubles, the interest starts from 11.99%, the repayment period is no more than 60 months. You need to confirm income, details in;
4. Eastern Bank sells the “Seasonal” product, which allows you to borrow up to 500 thousand rubles for up to 36 months fixed rate at 12%. The age of the potential consumer is from 21 to 76 years. All credit programs bank you will find in;
5. Sberbank issues a consumer loan without collateral in the amount of up to 1.5 million rubles at a rate of 12.9%. The repayment period is limited to 60 months. Income verification is prerequisite. The product is not covered by insurance. The program is available to Russians aged 18 to 80 — employees, youth, individual entrepreneurs, pensioners. Even more bank offers are presented at this link.

If you have found several programs suitable for you, but do not know which one to choose, then it is worth calculating how much each of them will cost you. It is convenient to calculate the future loan using our service:

CALCULATE CREDIT:
Rate % per year:
Term (month):
Amount of credit:
Monthly payment:
Pay in total:
Overpayment on a loan
	Apply

You can use our advanced calculator with the ability to build a payment schedule and calculate early repayment on this page.

What are the options for buying goods on credit without overpayment?

There are indeed such offers, here is what we can advise you:

• installment program in - this service is provided very often, especially if the assortment of the store offers goods with prices above the average. In this case, you will be offered to fill out an application on the spot and send it to the bank, if it is approved, you draw up an agreement and pick up the purchase. At the same time, even if there is a percentage under the contract, the seller gives you a discount on the amount of these%. Thus, you do not overpay anything,
• - a very convenient option for those who do not always have large amounts of money on hand from their own savings. You can pay with a credit card in any store where there is a special payment terminal. If you repay the debt within the grace period (for different banks it can be from 30 to 120 days), then you will need to deposit exactly the amount that you spent,