What is a bank credit?
Although we can deduce it for logic, a bank credit is that credit that is requested in a bank and granted by the same one. Often we meet banks that have a special department that devotes itself purely and exclusively to grant different types of credits, but in general most of the banks, only they grant mortgage credits, this is due to the fact that the money-market rate with which a mortgage credit one works is minimal, therefore the banks are the only ones that can extract some type of profit of this since his financial activity does not limit itself to granting credits, as if the financial companies do it. A bank credit for a mortgage usually possesses a money-market rate of 1 %, it is truly improbable that a bank works with higher interests, anyhow it is important to be attentive to this type of factors that they can influence to a drastic change as for the expediency of requesting a bank credit.
 Nevertheless, when it is a question of financing the buy of a housing, many people prefer to resort on a bank credit because the same one represents a guarantee as for the efficacy of the service granted like this way also a facility in the plans of payments, which differs radically with that facility offered by the financial companies. If we are thinking of going to a bank in order to the securing of a bank credit, we cannot allow mentioning the fact that often, on having been clients of a bank in specific, the same one grants many benefits that can make more attractive the idea of realizing the request of a bank credit.
One of the most frequent advantages in these cases is that when the client of a bank requests a credit, the bank proceeds to realize an analysis about the financial profile that the person has and in parallel, it realizes an evaluation as for the financial situation of the same one. In case the result of this analysis is positive the most probable thing is that the bank credit has no interests, what means that only one will pay the totality of the money given without no type of aggregations; and still much more beneficial turns out to be that, when a debtor supports a punctual fulfillment of the above mentioned monthly payments corresponding on the bank credit, and in case the above mentioned fulfillment has been carried out on more than 80 % of the cancelled bank credit, the bank can go so far as to express an order of to entire cancellation of the granted credit, what it implies that we would be saving ourselves a lot of money, these are alone some reasons for which to request a bank credit turns out to be much more suitable that to request a credit in an entity lender or credit, and since we can see, based on the newly explained, even more profitable will be to expire with the established obligations.
The financial institutions and the bank credit
 We must bear in mind that not all the banks work of the same way, and it is important that it does not go to a bank with the intention of requesting a bank credit with the illusion of which all these advantages are fulfilled, since after all there is the bank who decides when and to the one who is propitious to grant this type of benefits. To avoid false expectations, what we can recommend to him is that it consults with his bank about the plans of bank credit and the possibilities of gaining access to some of these benefits; the most probable thing is that his bank derives a consultant or financial adviser who meets to so much of the forms those that the bank handles at the time of granting a bank credit.
It is important that he does not forget that the only bank credit to which he will be able to gain access is to that one to which whose end is the buy of a building, what means that if you are in I looked of one for personal credit, of that time will have to speak straight to a financial institution that devotes itself to grant credits and personal loans. Also bear in mind that the conditions and the plans with which these entities work do not have absolutely anything that to see with those that offer the bank credits, that's why it is important that he can differ between both cases; it is very difficult that a financial institution grants him a credit that possesses the same possibilities of advantages that a bank credit does not offer, it is for it for that, before realizing some type of financial operation, it is necessary that it realizes several consultations with some financial adviser. |
