What are the types of consumer loans?

 Knowing the types of consumer loans directs you to search for the most appropriate credit. This way, you'll catch up with campaigns with banks' discounted interest rates. 

Contact Cem directly

Save money and prepare an emergency fund without the need for money. If you have not set up a fund, enter a careful research process before applying for a bank loan. Investigate everything you need to know about personal loans. What you will draw the loan, it is what kinds of loan, which bank is applying how much interest try to learn every detail. For example, if the loan you plan to make is a credit requirement, know the type and search for a campaign accordingly.

Let's start by sorting out the names of the consumer loans first: health credit, holiday credit, wedding credit, education loan, renovation credit, shopping loan, holiday credit. Let's detail these credits:

 TYPES OF CREDIT

1- Health Credits 

Credit used for birth, aesthetics, examination or any other medical operation is called health credit. Before you apply for health credits, be sure to look carefully at what costs are covered by your health insurance. If your insurance does not cover some costs, use special insurances. Look at complementary health insurances that fit your budget.

If you do not have insurance and need credit; contact your hospital first. Hospitals work jointly and banks can offer discount loans. If you do not have such a bank, look for credit comparison sites on the amount you need for your health loan . Do not forget to take your budget into account when doing so.

2- Holiday Credits 

 

Before the Feast of the Sacrifice and the Ramadan Feast, you saw the advertisements of the banks on television, on the internet and in newspapers. The reason for this is that banks should initiate appropriate interest rate loan campaigns for festive needs . Campaigns start about two months before the holidays in both types of holiday credits. The names of these credits are usually related to the holiday.

One of the advantages of the Bayram credit is to make various promotions by predicting the expenses you will make at the holiday. In other words, a total of 5,000 credits are created in 12-month maturity packages. You can refer to these ready packages without considering the number and amount of loan terms. 

3- Wedding Loan

You are about to throw one of the most important steps in your life. First of all, it's worth remembering; the wedding is not a show-out. In other words, the expenses you make at the wedding should not be done. If you have financial power, do what you want, but don't overdue if you face debt in the post-wedding period. Instead, focus on your happiness by making a simple wedding.

A large number of wedding rentals, invitations, wedding dresses etc. are waiting to be paid during the wedding. But don't postpone the marriage because there's an expense. If you don't have the funds for your expenses, you can apply for a bank loan called a wedding loan or a marriage loan. These credits are also concentrated in the spring months, which is often called the wedding season. Some banks offer a discounted rate of interest in marital credit promotions, while others do not receive credit costs. Marriage credits can be up to 48 months in term. As you have suggested in other general purpose loans, determine the amount you will be charged on your wedding loan and your monthly payments after calculating your budget. Save money by comparing credit before application.

4- Education Loan

 

The reason for getting training credit varies from person to person. Some of them take their own education, some of them will go abroad for the child, some of them will start school to cover the expenses of the child's educational expenses.

Education loans are in two ways, as are other consumer loans. All-year and educational credit campaigns offered at school. Pay attention to use the credit you received for the training.

5- Holiday Credit

The holiday credit is usually used in summer and winter months. Those who are going to go abroad, holiday vacationers, in short, to think of vacationing, those who need the money for the moment they use the holiday loan.

Vacation credit for spending a bit on top of the price you get from the company after the tour's important to add funds to determine the loan amount. If you set the holiday credit as a number that you cannot pay easily, you will be paying the credit in the past the next year.

6- Shopping Loan

Especially after the credit installment limit from mobile phone and digital devices, most transactions were made with shopping credits . For example, if you are going to receive a phone with 3 thousand pounds for a loan of 3000 pounds plus you are taking a loan, and you pay the phone fee. In fact, this transaction is made between the bank and the company that you receive the phone, you make your payment in terms of maturity.

Anyway, I took a loan that you do not need a product that you do not need to pay the world, you will pay that credit again. Therefore, get a product that fits your budget.

7- Renovation Loan 

You can get renovation credits for other works related to the house other than getting home. For example, you wanted to include the balcony in your home or you decided to close the window between the kitchen and the living room. You can get a loan from banks for these.