They watch their favorite series or interesting films on TV, they are very often intersected with long advertising blocks. And among these ads, there are often offers of cash loans on attractive terms. For example, the bank proposes that after regular repayment of loans, it will return all accrued interest after one year.
Is it worth taking a cash loan here?
Remembering the cash loan that is going to pay all interest, we are definitely tempted by this offer. But do not forget about it. That you still need to get acquainted with the details of the offer.
It may eventually turn out that the reimbursement of these interest is imposed by the limits. In addition, the bank is trying to get its money back in a different form. The best solution will be to check the real interest rate. Because we will not take advantage of this promotion, if we regain interest, but in return we will be forced to pay a very high commission.
A real promotion? Is it just hiding costs?
For sure we are now aware that you can not just believe all ads. Although, if a bank introduces a promotional offer, a cheaper cash loan than usual, it certainly does not make sense to look for a second bottom. Because we will not find him at all.
It is, of course, to have an idea and the subject of what real interest rate we will have to deal with. Because it should not exceed the value of 40 percent.
Although the general offer may contain information about this indicator. However, it is really banks and parabanks that give the opportunity to reduce costs. Often the conditions are very easy. The facility will only require the creation of a personal account. In this matter, one should only find out whether we will incur specific costs for running a bank account.
As we already know, financial institutions are able to do a lot to get new customers. In some outlets, interesting promotions about awarding in-kind prizes for taking an online cash loan have recently appeared. These include mainly various types of tablets or smartphones. Our awareness tells us not to go blindly for the promotion, but first to check how much we really pay for the entire loan.