Is it worth borrowing now? Is it worth borrowing now and what does it threaten?

For most citizens of our country, making a loan is the only way to buy the goods or pay for services. A few people can afford to buy a car or an apartment for cash. In this regard, the question of whether it is worth borrowing now, for Russians, is more relevant than ever.

Current credit prospects

In the context of the tension in foreign policy relations with Europe and the United States and the growth of inflation, domestic banking institutions experience serious problems with liquidity. For this reason, they seriously thought about raising interest rates in order to somehow increase the amount of working capital. The matter is complicated by the fact that a part of banking institutions are revoked licenses, so the degree of trust on the part of depositors has significantly decreased.

The question of whether to take a loan now is quite acute for representatives of small and medium-sized businesses. The proposed terms of the loan became tougher at times. Many companies simply can not fulfill their obligations to repay the loan and are forced to resort to bankruptcy procedures.

Tactics of behavior of banking institutions

As already emphasized, credit organizations have tightened requirements for borrowers. However, before the real increase in interest rates, the matter has not yet reached. Despite the growing problems with the H1 indicator, large banking institutions are in no hurry to change their rates. However, experts believe that the increase in interest rates on loans this year will still happen. Of course, the percentage of borrowers worried about whether it is worth borrowing now and who will be denied the money will increase. What will they have to do? It is likely that they will seek alternative solutions to the material problem by applying to the MFI. Yes, experts predict high growth rates in the microfinance sector in 2015.

However, in the institutions of express loans, the interest rate will be rather large. All this against the backdrop of the economic crisis, wage cuts and staff cuts will be indicative of one thing - the debt hole will grow. Of course, the question of whether to take a loan now, everyone should decide for himself, but experts give a disappointing forecast - it is high interest rates and a shortage of cash from the population will provoke delays in repayment of debt obligations.

What loans will be in demand this year

Financial analysts assure that in the current year demand for mortgage lending programs will increase. A complicated geopolitical situation and instability of the exchange rate will contribute to the fact that the basic objects - real estate and land - will increase substantially in value.

Mortgage

If you are considering whether it is worth borrowing now, then it is best to make a choice in favor of mortgage lending, especially as there is no significant increase in interest rates in this segment in the near future.

Auto Loan

Also in demand in 2015 will be a loan for the purchase of cars, and Russian production.

This can be explained by several reasons. First of all, the cost of foreign cars will skyrocket. In addition, after deteriorating relations with EU countries, the demand for foreign cars in Russia has declined. In addition, citizens of our country for reasons of patriotism want to increase the prestige of the domestic automobile industry, whose products are several times cheaper than imported "iron horses". Thus, if you do not know if it's worth borrowing now, buying a Russian car with borrowed funds will be the right decision!

Consumer credit

Of course, the consumer lending program will not lose its popularity either. However, borrowers must take into account that the interest rate in this segment will grow significantly. This is again explained by the crisis phenomena in the economy and the devaluation of the national currency. If the first two types of interest rates will grow slightly and gradually, then for this type of loan - dramatically and quickly.

Difficult to answer the questions: "Is it worth borrowing? Live on credit now or buy later? "

In 2015, potential borrowers will have to even more seriously assess the degree of their own solvency when drafting a new loan agreement.

Will there be a default in the current year

Many Russians fear the onset of a default in the domestic economy. What it is? In part this is a situation in which the country does not have the ability to pay off foreign debts. I am glad that our country has almost no such. To a certain extent, defaults include failures in the reform of the pension system. The considered negative phenomenon in the economy may come as a result of a budget deficit, if, for example, it is a question of reducing the amount of money received from the sale of natural resources for export.

The global crisis this year will reduce consumption, and, consequently, demand for energy will fall, which, of course, will hit the Russian economy. To improve the situation, it is necessary to establish business ties with China, to which our country already supplies hydrocarbons, which has a favorable effect on the economic situation in the eastern regions of the country.

What will happen with financial stability and wages?

At present, there is a rise in prices for gasoline, as well as an increase in the rate of inflation. The prices for food products are skyrocketing, and the ruble rate is falling.

What could this mean? Only that the goods will go up, and the average employee will not be able to count on bonuses and bonuses from the bosses. More and more commercial structures will initiate a bankruptcy procedure, which will automatically lead to an increase in unemployment. Wages will not be raised, at least in the first six months of 2015. In any case, it will be necessary to think seven times about whether it is worth borrowing now. Unfortunately, the opinions of experts on this score are disappointing.

Does it make sense to take in the current year foreign currency loans

This question should be answered in the affirmative. The benefit of the borrower of a foreign currency loan with the appreciation of the dollar and the euro is obvious. In 2008, those who issued long-term loans in foreign currency during the period of its active growth and repaid the debt in rubles, were the winners. After 3 months, American and European currencies began to become cheaper, respectively, borrowers began to pay less. Benefits were felt also by clients who did not begin to exchange currency of the credit for domestic rubles. This year, the euro and the dollar should not fall sharply, but some authoritative experts say that by the summer the dollar will not cost more than 45 rubles.

Is it worth waiting for lower interest rates

Those who are especially worried about whether it is worth borrowing now and whether it is profitable, should know that interest rates will not decrease in the short term.

Moreover, one part of the experts is convinced that it is more reasonable to refuse to make a loan today, as interest will grow steadily, and the other, on the contrary, approves debt obligations and claims that it is better to deal with banking structures, rather than with microfinance organizations. It should be emphasized that in the MFI the borrower will receive money at 150% per annum, which, of course, is very, very much. The bank rate is much lower, but the guarantees that the loan will be approved are minimal.

Considering the question of whether it is worth taking a loan now or better to abstain from it, one can not ignore the opinion of financial analysts who recommend taking money out of debt in banking structures where the share of deposits of the population is high. The greater the amount of money received as a deposit, the banking institution operates, the higher its liquidity indicator, which indicates its reliability.

And yet, take or not take

Of course, for many, the question of whether it is worth borrowing now and what it threatens is of paramount importance. Thoroughly weigh all the pros and cons, and only after that make the final decision. Think, so whether you need a thing, the purchase of which you want to formalize on credit. Carefully study the available offers in the banking services market and select the one that is most beneficial for you. If you can delay with the loan, then it is better to do so in order to avoid unforeseen material problems. In other words, make out a loan only as a last resort, for example, if you need to pay for the education of children or expensive treatment for your relatives and friends.

General recommendations

So, you have positively decided the question of whether it is worth taking a loan now. The helpful tips below will help you.

First of all, choose the ruble loans. So you can minimize the risk of increasing the amount of debt in case the dollar rate starts to rise. If you receive wages in American or European currency, then borrow money better all the same in rubles. The decline in the national currency will help reduce the amount of your debt.

Also pay attention to the fact that it is more expedient to make out a loan for the purchase of some goods, since the interest rate on it is lower than that of money loans.

Take into account the fact that you do not have to go to the bank and pay for insurance and other commission fees - all of this is voluntary.

And, of course, check how much a particular banking institution is reliable. Before signing a loan agreement, carefully read all of its terms, especially those that are written in small print. So you can protect yourself from unpleasant surprises in the future!