Each credit application always has a purpose. Starting from taking credit for venture capital, renovate the house, education fund, emergency needs, or others.
Currently, the bank also provides an easy way to give credit to the community. Not infrequently, people just wrong allocate credit it receives.
Rather than being used for purposes that have been planned, the funds actually gone without a trace. There are several steps that can be done, so that you can more wisely when proposing bank credit. Anything?
Prioritize
Set priorities for needs. If your credit application is to increase education funding, it should use.
Do not let your reasons for applying for a loan is just because of the lure of credit flowering flat, or the like. Furthermore, when the credit is approved and the money is received, you instead use it to buy consumer goods unused.
Try to see the need to live in a big picture.
Remember, loans have interest
Whether before applying for a loan you a lot of comparing interest of each bank owned? Whatever your proposed loan, try to compare the interest system and facilities provided.
Dig information about the system current interest in the bank. By doing so, you will have an idea of how much you should pay installments per month and the total loan repayment will you give to the bank.
Still in doubt? Multiply read the article about credit. You can also use the calculator simulation credit provided financial product comparison sites.
Select short term
We recommend that, if possible Take credit with a short period of time. Therefore, the interest rate will usually be less when we pay in a shorter time. However, installment, or mortgage you have to pay even bigger.
Take installments with the long term it as cheaper. Therefore, the amount paid per month so it looks a little bit. However, when counting, you will find that the interest you will pay much more than those with short-term credit.
allocate income
Before proposing credit, make allocations to fixed income cost you for a month. So, if your credit application will be accepted, then you will know where the money you receive can be placed.
Most importantly, you have a number of sufficient funds for unexpected costs if for example you fall ill.
