Finance, Loans
Interest-free loans as the cheapest loan in cash
Crediting of the population is one of the most competitive spheres of work of Russian banking institutions. When it comes to issuing a loan for the purchase of a car or other vehicle, as well as electronics, household appliances or furniture, any borrower can be very confused in the interest rates and features of the proposed programs. People are usually very interested in interest-free loans. What is it? And on what features should pay attention to the conclusion of the contract?
Interest-free loan to a legal entity
Typically, a credit institution can provide such a service to a customer who has substantial savings and can become permanent. The concept of such a loan implies other terms of mutually beneficial settlement, stipulated in the relevant clauses of the contract. In fact, it can be considered a prisoner at the moment when the client receives cash in cash at the bank's cash desk or takes away the thing stipulated in the agreement. It should be remembered that the current legislation of the Russian Federation regulates the work of credit institutions and always stands for protecting the rights of both depositors and borrowers. Under existing legislation, bank employees are required to provide the most complete, timely and comprehensive information on any issue that a customer has raised. Before you get interest-free loans, you should always ask which payments will be necessary to pay, and carefully calculate: what will be the total overpayment on the advertised loan.
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