The possibility of requesting a loan goes through our heads continuously, perhaps because we want to give ourselves a treat or for an emergency that arose, but it is not always the option that suits us best.
So how can we identify the situations in which it is worth requesting?
First, it is worth requesting when the expense to be made is important and cannot be financed otherwise. That is, if it is a relatively small purchase, is it better to use the credit card? Or if you are about to receive some bonus or extra payment, can you wait and avoid applying for the loan? If the answer is no, then the loan is the best option so far.
Second, it is worth requesting when you will not pay it in a very large number of installments. Because as we always repeat, the more fees, the more interest. So if the amount you want to request will have you paying for more than two years, you could decide to wait and raise a little more money, so you will request a smaller amount.
Third and last, it is worth it if you are economically stable. That is, you have the job secured for at least one more year. Why is this important? Because it will assure you that you will not fall behind in any installment and therefore, you will not harm your banking situation or be reported to any central risk.
Your objective upon applying for a loan
Evaluate well if it is worth applying for this loan and be encouraged to meet the closest objectives. That trip or that important purchase is waiting for you, you just have to think about the plan that best suits your pocket. For that, compare the options and choose the loan that suits you. And even, request it from us if that’s what you want.