The loans market for consumption
 At present there are great the families that take the decision to take a vacation or perhaps, to do a reform in his house hiring a loan for consumption. The intensive rhythm of the consumption in the hearths of the world begins growing in valuations of 4 % in the latter five years, does that many persons bet to live at the edge of his possibilities. In this context the loan for consumption, he acquires a fundamental role since the requests of the same ones have risen up to numbers of two numbers in 2007. The loan market for consumption, which in general is requested to finance goods like vehicles, trips, domestic appliances, etc, has turned out to be impelled by a very favorable economic environment, by low interest rates and especially by the big dynamism of the consumption in every hearth.
Although in general, all the interest rates have risen, the loans for consumption are much more expensive, and this regression that is suffering the financial business of the loans for consumption forcing many financiers to improve the quality of his offerings as for the loans; more and more people decide to finance his trips, his reforms in the hearth and his technological caprices by means of these loans for consumption. Most of the financial companies begin to include all kinds of advantages to achieve that his financing plans are much more flexible and like that adapt themselves to the needs and requests of the clients, the most common at present the loan is the period extension for rembolsar for consumption. But in this case we must warn that, while more of exshop the term to be paid, logically more falls will be the monthly quotas to pay, but the interest will be much higher, since it will be paid for much time that the habitual thing.
Recommendations for the loans hiring for consumption
One of the conditions more habitual that it appears before us at the time of going to acquire a loan for consumption there are the commissions. The general tendency of most of the financial companies is to diminish the commissions for opening and partial cancellation. In general the general average that the market usually receives for the commission of opening and cancellation is 1,5 %, while in other cases it can go so far as to reach 2 % for the opening and 3 % for the cancellation, and this type of factors does that the plans of financing that are offered are less attractive. Finally, one of the most coherent advices is to look for loans for consumption that very low commissions possess since, the higher the tariffs are, the financial load grasp the one that we will face it will be the much major.
 As for the interest rates that the loan presents to us for consumption, we can say that in last years, many banking and financial institutions, have thrown on his market we are big enough for consumption with interests that can change between 4,95 %, 5,39 % and 6 %, respectively, and they turn out to be very similar to those entities that offer us mortgages to fixed interest. It is important to emphasize that the key for these offers is usually distributed in several factors to be fulfilled. In many cases, only he is offered to those clients who find 4,95 % much linked to the entity since they expire with the politics to offer the best thing to the best client, that is to say, to those that always usually operate with this company, and in case of those clients who domicile the payroll 6,75 % of the interest is applied to them while to a regular client the same one it rises up to 7,75 %.
Nevertheless, the margin that these loans offers possess usually has his dangers since this type of interests is very far of those of bought way that in general are placed between 7,5 % and 8,5 %; also offers usually improve themselves of up to 13 % of interest therefore it is always suitable to analyze carefully this factor, before requesting any type of loan for consumption.
Another warning that we must do to him with regard to this topic is that of debit to be very careful with the loans for consumption to type zero, since there are great the entities that work with this type of financial hardware and in this type of loans the opening commissions and cancellation that apply sound to themselves too high for it is very important that, in spite of the whole promotion that it is possible to come to him to be done to this type of loan, the same one is not free and the expenses associated with those that it will be necessary to submit are identical to the average expenses of any type of credit.
Finally we want to say that often, to request a loan for consumption for the financing of trips or different elements that can be a caprice of the individual can go so far as to cause many financial, economic and legal problems if there are not born in mind all the factors that you complement to the types of financing; it is for it that we recommend him that if it is thought to acquire a loan for consumption, one report completely about all the benefits and disadvantages of the same ones as also of all his pro and his against. |
