Do you want to buy a car but your budget is not enough to cover the cost of the purchase? Car loan is a product that will help you make your plans come true, regardless of whether you want to buy a car from a showroom or a used one. Before you go to a bank outlet and sign a credit agreement, it is important to understand the characteristics of this service, including its greatest advantages and disadvantages. It will be easier for you to make a decision and predict what the whole contract period will look like.
Do you want to buy a car but your budget is not enough to cover the cost of the purchase? Before you go to a bank outlet and sign a credit agreement, it is important to understand the characteristics of this service, including its greatest advantages and disadvantages. Free online advice will not only make it easier for you to get the right information, but it may also prevent you from signing an unfavourable contract.
Advantages of car loans
Buying a car in a short time. In order to receive credit you only need to demonstrate your creditworthiness. The bank will give you a commitment even within one day. Minimum formalities allow to shorten the waiting time for a credit decision.
Customized installments according to your possibilities. The offer will be prepared for your individual financial situation, and loan installments can be spread over a longer period, minimizing monthly expenses.
Low interest rate. To choose the lowest installments you can use the ranking of car loans.
Possibility to purchase both new and used vehicles with the help of credit. The Bank also grants credit for the purchase of a scooter, a motorbike and a quad.
Flexible choice of monthly instalment payment date.
Car loan minuses
Necessity to secure the loan. Banks use the vehicle card deposit, misappropriation and registered pledge.
Compulsory purchase of AC insurance.
Avoid additional charges
The key to concluding a contract about the best conditions for you is the comparison of available offers. Check not only the nominal interest rate, but also the other charges, which have the greatest impact on the total cost of your loan and can be the biggest difference between car loans available on the market. The easiest way to compare is to take advantage of the credit ranking, you will have free access to the RSSO debt, along with a distinguished commission, preparation fee and interest rate. This will make it easier for you to choose a debt that does not increase its cost through credit fees.
You can save time by choosing to send your initial credit application online. Without leaving home or work, at any time for yourself, you will fill in a form within a few minutes, which will make you contacted by a bank representative. This will allow you to get to know the offer better and establish the details of the commitment if you decide to do so. Filling in the application takes only a few minutes, you will need only basic data, i.e. your name, surname, telephone number, PESEL number and the amount of credit you intend to apply for under the car loan.