What do we focus on when choosing a loan? Of course, it is the interest rate on the loan, the loan repayment term and even less often the early repayment option. But no one is interested in how we make monthly payments and how easy or difficult it will be. That is why the main difficulties start immediately after taking out another loan and are directly related to making the minimum loan payment.
As a result, the borrower often has to quit his job and stand in long queues at the “required” terminal to make a monthly payment, since only this machine can “accept” your credit payment. This can, of course, be done at any other nearby bank or through another payment system, but then it will be much more expensive. Multiplying this overcharge by at least 12 months results in an impressive amount. But if you have multiple loans and each has to pay at different times with different lenders – you will start to dream of early repayment in a few months.
When choosing a loan, ease of loan repayment is now one of the most important criteria. More rational borrowers immediately take this into consideration when applying for a loan and turn to more popular lenders with a well-developed branch network.
An example from life
Recently, one of my girlfriends bought an ultra-modern plasma TV at a great discount but on credit. When she returned home, she wanted to please her husband, but she did not see a happy expression on her face: her husband, of course, liked the purchase, but was confused by the old, outstanding refrigerator credit. The point is that it is he who pays the loan. To do this, he performs a whole “ceremony”: he recovers from work, drives to the other end of town to get to his bank branch , and then queues for cash.
And he immediately imagined how he would spend another business day a month on another loan, but at another bank, and there was no reason to rejoice. To somehow reassure her husband, the girlfriend promised to find a bank service for her that would make paying off her debts much easier and easier, with one creditor. She was so passionate about this goal that she was even ready to combine all the credits into one, but it was not that far. She found a much better deal that allowed her to settle with almost all creditors, being a customer of only one bank.
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With major national bank terminals, you get the opportunity to pay off other loans almost for free, even without a bank card. If you do not regret your time and become a client of a large banking magnate, you will not only be able to pay off your loans, but also utilities through convenient internet banking services. Of course, no one has foreclosed on the possibility of consolidating all loans with a more prestigious bank, taking advantage of a good offer and saving on an annual premium. You will always be able to take advantage of such an offer, even if you have no late payment, debt or penalties on existing loans.
We pay through the Internet
To make any online payment you will need to log in to the common system and open your card. Only then will you be able to use your profile and you will be able to log in and make payments from anywhere in the world 24 hours a day. Making an online payment will be relatively easy, but you will be able to set up an automatic payment to repay your credit or multiple loans, which will transfer the money to your creditor bank at the above details once a month, without your involvement .
All you will need to do is confirm the transfer by sending a password to the counter message that will be sent to your mobile phone-connected bank. Of course, your account must have sufficient funds to make any payments or credit payments. Of course, any novice user can have trouble making their first payment. In this case, you will always be assisted by a virtual consultant, hotline specialist or bank employee from the nearest branch of this bank.
Today’s banking market offers a huge range of financial offerings, each with its own attractiveness. This is where inexperienced borrowers get caught. Even without knowing anything about such a bank, they try to get a loan right there, but after that they start to have problems repaying it. For all potential borrowers, I would recommend: Before choosing a particular bank offer, pay attention to what your regular or salary partner offers.
The conditions of the latter may be less loyal, but you won’t be bothered with finding the terminal you need or the branch of this bank. And if you find an even better deal over time , you’ll be able to consolidate all your loans and pay off just one total credit.