It is necessary to carefully read the contract and pay the loan
Read the contract before you sign. Especially the text, which is written in small print. Take with you a person who understands the financial topic and whom you trust. Clarify everything that is unclear, ask questions to the Bank's specialists. Pay attention to hidden payments, commissions, interest, fines.
One of the most important figures in the contract — the total cost of the loan (TCL). This is the amount of interest per annum that you will pay to the Bank. It includes not only the interest rate, but also various commissions and insurance premiums. By law, the TCL is placed in the upper right corner of the first page of the contract and is highlighted in bold. With the help of TCL, you can calculate the total amount of overpayment on the loan.
Pay attention to the payment of the loan. Make the exact amount of the minimum payment. The Bank does not have a minimum amount of delay, and it charges fines even for a few cents. This will be reflected in your credit history and will cost you money. Make payments in advance, especially before holidays and weekends when Bank opening times change. Consider the transfer fee, if any.