Request a loan

Request a loan

Many people often accuse banks of fraud and bad collections because after they request a loan, they realize that they end up paying more than the interest rate implied. Believe it or not, it is not something illegal, but a lack of information, so you can be prepared and do something to reverse it.

If you are thinking of applying for a free investment loan, there will be many banks and cooperatives willing to lend you the money. Here your decision power will come into play, to compare the alternatives and check which one offers you a competitive interest rate and more benefits. But that is not all.

Commercial credit

Commercial credit

In addition to knowing interest rates, you should be aware that that fee will increase by a percentage due to the charges that are “tied” with the credit. It is not about any other product, but about the same commercial conditions of the credit. Then, in addition to the amount you pay for the credit, financial costs such as commissions, life insurance or unemployment insurance, or tax rates, among others, are included.

Although some of these costs are optional, as in the case of some of the insurance, there are others that are included, such as commissions. What you should do to avoid unwanted surprises is to consult your advisor how much you would really be paying for the credit, including commissions and additional expenses. Also, ask what are the insurances that are mandatory and which are the optional ones, and remember that no credit can have as a requirement that you acquire a credit card or some additional insurance to the obligatory one.

With this information in mind, forget about surprises! You can request the credit you want and keep a good balance of your finances.