Monthly Archives: November 2017
POS lending or credit card?
Having decided to purchase household appliances or other expensive goods, the borrower is faced with the problem of choice.
Which loan to give preference? Use a credit card or the services of bank managers directly in the store?
Benefits of POS Loans
POS-lending is a targeted loan, carried out directly at the point of sale. Collateral for it is the purchased goods. The positive aspects of such loans include:
speed of receipt – a loan is issued instantly at a point of sale;
simplicity of execution – there is no need to collect a large package of documents, confirm solvency;
lack of guarantors and “significant” collateral. The thing that is acquired is not psychologically perceived as a guarantee;
low interest rate in comparison with microloans and express loans. Continue reading
What are the benefits of deposit insurance?
Deposit insurance is a new service that banks have begun to offer to customers.
The essence of insurance is that if the bank refuses to pay the client a deposit, he can write a statement to the insurance company. She submits an official request to the bank and, after receiving a response, reimburses the deposit amount to the client. Typically, customers who have insured deposits receive a slightly lower interest on the deposit. For example, if a client should receive 20% per annum on a deposit, he will receive only 15-17%, but he will be insured against problems and unforeseen circumstances. In any case, the insurance company will pay him the full amount of the deposit. The insured event occurs at the moment when the bank is declared bankrupt. Continue reading