Such evolution responds to the increasing difficulties of the public to arrive at the end of the month, for example before the increase in the bills of the different services. But there is also much less use of the card to buy in installments with interest, after the establishment of the Transparent Pricing system.

The first thing is to look and compare the Total Financial Cost

• The attention rate emotional by banks is merely one of the mechanisms to arrive at the sum cost. Then you have to add administrative expenses, granting commissions and various insurance.
• In addition, it allows a much more homogeneous comparison between the proposals of the different banks. The entities are obliged to inform it, even every time they advertise a certain line
• And in the case of personal lines can be a decisive fact, especially for short terms.

Beware of very cheap rates

In recent weeks several banks went out to advertise personal loans at rates below 30% per annum, that is, levels very close to inflation. But you must be extremely cautious with this type of offering. It happens that in general they go hand in hand with very long loans, which exceed 36 months. The problem is that as downward inflation is expected; staying in debt at 30% when inflation could fall to 17% or less within a year is extremely onerous. Therefore, a shorter term is preferable, even when the rate is higher. Remember that the incentive of banks will be to ensure a high rate for as long as possible to improve their profit levels.

Take advantage of salary accounts and special packages:

• Banks seek loyalty to their most loyal customers with lower interest rates. That is why, in general, the most convenient registration loans can be obtained in the entity where you have your salary account, since the banks will directly debit as soon as the salary is credited. But they also offer other advantages for those customers who have different "premium" plans.
• Such evolution responds to the increasing difficulties of the public to arrive at the end of the month, for example before the increase in the bills of the different services. But there is also much less use of the card to buy in installments with interest, after the establishment of the Transparent Pricing system.

Take advantage of salary accounts and special packages:

Banks seek loyalty to their most loyal customers with lower interest rates. That is why, in general, the most convenient registration loans in mesa can be obtained in the entity where you have your salary account, since the banks will directly debit as soon as the salary is credited. But they also offer other advantages for those customers who have different "premium" plans. The reason is that in those cases it was necessary to check levels of income and assets, so it is less risky to grant the loan. Therefore, before accepting any credit offer, check with the banks in which you operate what are these advantageous conditions that you can receive. The difference can be substantial, up to 3 and 4 points per year less per year compared to a "common" loan.