Is it worth taking loans in 2014? Sberbank - all loans

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Loans are a common service in modern life. Statistically, most people have used them at least once. Buying an apartment, car or household appliances on credit are the services that everyone knows about and successfully uses, not to mention credit cards or non-purpose loans. Despite this, the population constantly raises certain questions about this. And the main thing for everyone is still this one: "Is it worth taking loans in 2014?"

Pros and cons

In order to give an objective assessment and answer the question of whether it is worth taking loans in 2014, you need to understand the mechanism for setting interest rates on bank loans. Its primary and main component is the refinancing rate of the Central Bank. Interest on bank loans cannot be lower than this value. Therefore, when the inflation rate is at the same level as the refinancing rate, credit funds are partially depreciated, which becomes beneficial for borrowers while increasing income in line with or more than the Central Bank rate.

Lending becomes unprofitable in cases where there is a possibility that one's own financial stability may be shaken in the future. Long-term planning is peculiar only to the state, which annually adopts a budget for the next year, based on forecasts and calculations of certain indicators.

Should I take loans in 2014?

The situation in our country is relatively stable, despite forecasts of a possible crisis after the Olympic Games in Sochi and the annexation of new territories. The only thing that a potential borrower should take into account is their own stability in finances and their receipt.

It is important to understand that the loan currency in any case must match the income. Then fluctuations in exchange rates will have little effect on the conditional increase in the cost of a loan for you (with a decrease in the value of the ruble).

This means the following: if the money was borrowed in euros or dollars, and the income is transferred to you in rubles, then with an increase in the exchange rate, the cost of the loan increases. For the borrower, this means an additional overpayment.

What does Sberbank offer for borrowers?

Sberbank loans in 2014 are numerous. For the summer period - vacation time - Sberbank offers a new product with a reduced interest rate (from 14.5% per annum). These consumer loans in 2014 can be issued at Sberbank branches. They are issued both without collateral (then interest rates will be higher - from 15.5%), and under the guarantee of individuals. In the presence of guarantors, the loan amount can be up to 3 millionrubles for up to 60 months.

Is it worth taking loans in 2014, such as mortgages? The current year in mortgage lending remains the same profitable. Interest rate cuts are not expected, as the cost of housing is constantly rising. A mortgage can be viewed as a kind of installment plan with an eye to the future value of the property. Yes, the overpayment is significant, but by the time the mortgage is paid off, you will not feel it. If you analyze the rise in prices over the past 14 years, you will see that the cost of apartments has doubled. Therefore, by the time the mortgage is paid off, your apartment will be worth the money you paid.

Mortgage for young families

Sberbank has developed a special mortgage program - a youth loan for an apartment. 2014 has made minor adjustments to its conditions. Until the end of June 2014, lower interest rates are in effect - from 10.5% per year. The base interest rate on a loan from Sberbank is 12% per year for accredited new buildings, that is, developers enter into an agreement in advance for the maintenance of their facilities by Sberbank. Such cooperation is beneficial for everyone - the bank receives borrowers, and those, in turn, lower mortgage rates. And the developer sells all the apartments in the new house as quickly as possible.

The main feature of this mortgage product is:

1. The spouses are under 35 years old.
2. Family may be on the government's housing improvement list. The government pays part of the cost of a new apartment for them.
3. Spouses must have enough joint income to pay mortgage payments.

Approval from the bank will be much more likely if you take into account the income of not only the family, but also their relatives. It is possible to attract co-borrowers. Their maximum number is 4 people. If there are children in the family, or a Maternity Capital certificate has been issued, then this will increase your chances of getting a mortgage.

Other loan products

What about car loans? Is it worth taking a loan in 2014 to buy a car? The arguments in favor of this loan are not so strong. Cars, unlike real estate, only get cheaper over time. Interest rates on car loans are not so high and on average range from 8 to 15%. An eight percent loan can be obtained for the purchase of a new car in certain car dealerships, as such an offer stimulates demand.

And the maximum 15-percent rates in Sberbank are paid under the standard car loan program. Its conditions are more loyal. So, you can buy a car from a private person, that is, a used one, or buy a new one, but from the category of expensive brands. The price of the car must be more than 750,000 rubles.

Therefore, it is better to issue a short-term loan for the purchase of a car - up to three years. Then the overpayment will not become significant compared to the decrease in the cost of the car during this period. Each year of use of the machine takes away from its sale value of the order of 10%. Real estate, on the contrary, only becomes more expensive with time. Analysts do not foresee a decrease in its value.