Is it worth borrowing in 2014? Sberbank - all loans

Credits are a habitual service in modern life. According to statistics, most people used them at least once. Buying an apartment, car or household appliances on credit is a service that everyone knows and successfully uses, not to mention credit cards or a non-targeted loan. In spite of this, the population constantly raises certain questions about this issue. And the main thing for everyone is still this: "Is it worth borrowing in 2014?"

Pros and cons

In order to give an objective assessment and answer the question of whether it is worth borrowing in 2014, it is necessary to understand the mechanism for setting interest rates on bank loans. The priority and its main component is the refinancing rate of the Central Bank. Interest on loans in the bank can not be lower than this amount. Therefore, when the inflation level is at the same level as the refinancing rate, the loan funds are partially depreciated, which for borrowers becomes profitable with simultaneous increase in incomes commensurate with or greater than the Central Bank's rate.

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

Is it worth borrowing in 2014?

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

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

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

What does Sberbank offer for borrowers?

Credits of the Savings Bank in 2014 are numerous. For the summer period - the time of holidays, - Sberbank offers a new product with a reduced interest rate (from 14.5% per annum). These consumer loans in 2014 can be issued in the branches of Sberbank. They are issued as unsecured (then interest rates will be higher - from 15.5%), and under the guarantee of individuals. If guarantors are available, the loan amount can be up to 3 million rubles for a period of up to 60 months.

Is it worth borrowing in 2014, for example, mortgage loans? The current year in mortgage lending remains the same profitable. Decrease in interest rates is not expected, as the cost of housing is constantly growing. Mortgage can be considered as a kind of installment with an eye to the future value of real estate. Yes, overpayment is significant, but by the time you repay the mortgage you will not feel it. If you analyze the price increase over the past 14 years, you will see that the cost of apartments has grown 2-fold. Therefore, by the time your mortgage is repaid, your apartment will be worth the money you paid.

Mortgage to young families

Sberbank has developed a special mortgage program - a youth loan for an apartment. 2014 introduced minor adjustments to its terms. Until the end of June 2014, low interest rates are in effect - from 10.5% per year. The basic interest rate on a loan from Sberbank is 12% per year for accredited new buildings, that is, developers pre-contract for the maintenance of their facilities by Sberbank. Beneficial is such cooperation for all - the bank receives borrowers, and those, in turn, lowered rates for a mortgage. And the developer sells all apartments in the new house as quickly as possible.

The main feature of such a mortgage product is:

1. The age of the spouses is less than 35 years.
2. The family can be on the state list to improve living conditions. The government pays part of the cost of the new apartment for them.
3. Spouses must have a joint income sufficient to pay mortgage contributions.

Approval from the bank will be much more likely if you take into account the incomes not only of the family, but also of their relatives. Attraction of co-borrowers is possible. The maximum number of them is 4 people. If the family has children, or issued a certificate of "Mother Capital", then this will increase your chances of a mortgage.

Other credit products

And what about auto loans? Is it worth borrowing in 2014 to purchase a car? The arguments in favor of this loan are not so strong. Machines, in contrast to real estate, in time only get cheaper. Interest rates on auto loans are not so high and on average fluctuate between 8 and 15%. Eight-percent loan can be obtained for the purchase of a new car in certain car dealerships, since such a proposal is a stimulating demand.

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

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