Saving is always more advisable, so we collect the amount we need and pay our purchase without interest. But if you see the months go by and you don’t get a good amount of savings and that a credit is what suits you best, you can follow these tips to make sure you get the best possible loan.
Watch out! You do not have to run and accept everything they want to offer, because there are several factors to take into account.
Step 1: Review your financial situation.
If you have debts, how much do you need to cancel them? What is your monthly fee and how much is your ability to pay? You have to add all your regular cats, including the payment of your debts, and see how much money you have left, since that could be used to pay your loan.
You can request your credit report, so you will know how banks see you and if you have a good chance of being granted credit or not.
Step 2: Compare your options in Shylock
It is time to see how much the banks will charge us for the money we request. For that, use our personal loan comparator and place the amount you need. Look what is the monthly fee that you would have to pay in each bank. It is recommended that the monthly payment of all your debts does not exceed 30% of your salary. Already in the previous step you saw how much you could pay monthly, identify the option that best suits that.
If what you are looking for is to finance your new house or apartment or to be built, what you need is the mortgage loan comparator. Remember that to obtain a mortgage loan you need to have between 20% and 30% of your initial fee saved. But if you are still in the process, you can review these tips for saving.
Step 3: Apply!
You already know how much you can pay, you evaluated the options and chose the best one. Now, comes the part of requesting the loan.
– I set the term of your loan depending on its purpose. The higher the cost, the term must be longer so that your fees are affordable, but only what is necessary! Otherwise you will be paying interest for longer.
– In no way do you take out a loan to pay off other loans.
– If you are paid in pesos, request the personal loan in pesos, that is, borrow in the same currency in which your income comes.
– Make sure the date on which your quota expires is one that suits you and makes your payments on time.