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, you can take advantage of the lower interest rates that have been presented since the beginning of this year. Why did they go down? As a way to encourage clients to apply for loans in national currency, part of the BCR’s expansive policies.
This drop in rates initially benefited only businessmen, however, now the most favored will be people who obtain consumer or mortgage loans. But don’t hurry! Now that you know that it is a good time to apply for a loan, you don’t have to run away and accept everything they want to offer you, because while lowering rates is important, there are more factors to take into account.
Step 1: Evaluate 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 go to a risk center and 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 The Saint
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 enter the amount you need. Evaluate what the monthly fee 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 the three options that we present to raise your initial fee.
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. You can do it from our comparator, once you have filled out the form, or also approach the financial institution you chose.
– 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 take out a loan to pay other loans.
– If you are paid in soles, request the personal loan in soles, that is, endorse yourself 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.