Nikolay Gyngazov/Russian lookIt is important for Russians to take into account a number of nuances when prepaying loans. This was told to the agencyPrime » Specialist in the banking sector, partner of the fintech EvaBeta Sergey Grigoryan.First, but it is worth repaying the loan earlier than expected with the free money that appeared. In the event of the unexpected, funds may be required, which will probably have to be borrowed from the bank at a higher interest rate.In addition, one should not forget about current payments: often borrowers think that when they make part of the debt funds, the next payment is not necessary. Due to the lack of the required write-off amount, the bank has the right to impose a fine, the expert warned.He added that with a loan with annuity payments, the greatest interest is accrued at the beginning of the term: here it is worth trying to close the debt as soon as possible. If we are talking about partial prepayment of a loan, then sometimes it is better to opt for a reduction in the duration of the loan. And in the presence of financial problems, Grigoryan advised to choose a reduction in the amount of the monthly payment.
