Did not provide an income statement – might not get credit or will have to pay higher interest rates. Provide an income statement in the free form – get credit for sure, but the percentage is too high. Provide a certificate as a thorough and detailed, showing all income – no problem get credit, and yes even the interest will be lower. Also pay attention to how you will pay interest. Annuity payment assumes that the loan amount together with accrued interest divided by the number of months and you pay the loan in equal installments.
Differentiated payment assumes that interest shall be deemed for the remainder of the loan amount, and therefore the payments gradually decrease. It is important to know the rules of early repayment of loans, because here too there are options. In one case, even for early repayment you will have to pay all with interest for the entire period. In another case, the bank allows repay the loan amount at once and does not charge interest for the remaining term of the loan. Taking a car loan, keep in mind: You will have to pay for insurance for your new vehicle. Insurance will cost you a tidy sum, therefore, carefully examine the list of insurance companies and terms of insurance. In addition, many banks must make out accident insurance. Insurance payments of the vehicle may calculated in equal parts, and may be charged depending on the amortization of the vehicle.
In the second variant of payment decreases with time. Consumer credit is less often associated with the various hidden fees. Serious problem here may be charges for the account. Often, especially when banks offer credit cards, this issue was not paying attention. And then suddenly one learns that the bank should some serious money. Also, consumer credit usually means accident insurance. Mortgage loan because of its duration is associated with a variety of hidden fees and many insurances. Here You will have to pay for life insurance, accident insurance, insurance against loss of property rights, etc. Payment for use of the account can also be quite large. With mortgage differentiated pay much better than annuity.