Installment plan 0-0-12: what does it mean, what is the catch of installment plans without overpayments. What is the best bank to apply for a loan? What is needed for registration.

Installment 0-0-12 – what does it mean

Buyers of household appliances stores, furniture stores and other expensive goods often hear about the 0 0 12 promotion, which hides an offer to make a purchase in installments. And this is a really good offer that you can take advantage of. Here we will tell you about it in as much detail as possible.

1. Installment 0-0-12, what do the numbers mean
2. How installment works 0 0 12
3. What is the catch of installments without overpayments
4. Important points that the store does not talk about
5. What do you need to apply for an installment plan?
6. Which bank is better to take a loan?

What is the installment plan 0 0 12, what do these numbers mean, how does the program work. Brobank.ru specialist tells how to make a purchase on credit without overpayment. And what is important to pay attention to so as not to be deceived and not to give away too much.

Installment 0-0-12, what do the numbers mean

The name of the interest-free loan program hides the main conditions for the provision of the service, namely:

• the first zero means no interest, that is, the buyer will not overpay;
• the second zero is the amount of the down payment, which is often required when applying for commodity loans. When drawing up an agreement under this program, you do not need to contribute your own funds towards the purchase;
• 12 – the number of months for which the loan agreement is concluded. In this case, 1 year.

There is an installment plan 0 0 6 – this means that an interest-free loan is issued without a down payment for 6 months. Also, from time to time there is an offer 0 0 10 or an installment plan 0 0 18. All of them differ only in terms of repayment of the debt.

Often, retail chains even begin promotions with an interest-free loan under the 0-0-24 program. That is, the purchase price is spread over 24 months. But you can always close the debt ahead of schedule.

How installment works 0 0 12

It is issued not by a store, but by a bank with which a partnership agreement has been concluded. It is within its framework that periodic installment promotions appear. Most often, they start on the eve of major holidays: the New Year, March 8 and February 23. This encourages people to give gifts, paying for them in installments.

The installment scheme may be different. But in any case, it is a loan without an overpayment: how much the buyer sees on the price tag, he will give so much money in the end. If the TV costs 24,000, then under the installment program 0012, the borrower will make 12 payments of 2000.

FROM THE AUTHOR. Once I worked in a large network of communication salons, just in the process of obtaining loans. In our store, installment promotions for 12 months or another period were also regularly announced. The mechanism for concluding the contract was as follows:

1. The buyer chooses the product, additional services and accessories. The seller generates an extract and sends it to the credit manager (bank representatives work in many stores).
2. Registered ordinary trade loan. The loan rate is, it will be indicated in the contract. But within the partnership agreement is a small bet.
3. The store makes a discount on the goods in the amount of calculated percentage.
4. The buyer signs the contract and takes the goods. What was the total cost of goods in the discharge, so much the buyer in the end and pay the bank.
5. The bank after receiving documents immediately pays money to the store in full.

The transaction is executed quickly. Since the entry into the store until the purchase with purchases and the loan agreement can pass only 1 hour. This is an urgent offer with registration without references.

In what grades without overpayments

Many buyers immediately begin to look for trick. And some stores really apply fraud. The most common is the overestimation of the price of the goods. For example, in anticipation of the announcement of the installation of installments, the price of a TV for 24,000 rises to 27,000.

If you want to use a credit offer according to Schema 0 0 12, compare prices. You can not leaving the store to see the websites of competitors and find out what the price tag is there. If approximately the same, it means that it is an honest installment.

In practice, large trading networks of tricks do not apply, prices remain the same, and people can make purchases on credit without overpayment. You can think about what kind of benefit is the bank and the store. And she is:

• Yes, the store technically makes a discount on the goods in the amount of interest accrued by the bank. But in the days of such shares, he wins due to sales growth;
• The Bank establishes a low rate on the product, but wins by increasing the number of concluded contracts. Plus borrowers take additional services, the same insurance. And this is a game for the future – these borrowers can become constant and bring the bank much more profit in the future.

Representatives of banks impose insurance to all borrowers, due to which overpayment is formed. If you see that the amount does not converge, it means that insurance shook to you in the contract. Refuse her if you don't need it. This is your full right.

Important moments that do not say the store

Store employees do not speak about the installation scheme of installments, that when the check is punched, the system makes a discount on goods worth accrued interest. For example, if the TV cost 24,000 rubles, the amount of 22,500 will be reflected in the check.

And it seems that it seems like it does not matter, there is no overpayment. But if a breakdown suddenly will be revealed, suitable for a warranty case, then when returning the TV shop will return the cost of the check on the check – 22500. And if the exchange will be made, the amount of 22 500 will also be applied, and not 24,000.

If you read the installments about installments, for many such a drop in prices when returning becomes unexpected. Credit is still needed, and not 22,500, but all 24,000.

And some buyers act at all on their cunning scheme: they buy goods in installments and immediately go to the bank to extinguish a loan ahead of schedule.The bank removes interest, which is in the contract, and the borrower pays not 24,000, and 22,500.

What is needed for installments

We figured out what it means to install 0-0-12, how it works. It is definitely impossible to say that this is a bad offer. The buyer receives the goods now, without paying a penny, and after paying debt without overpayment. Negative happens only when returning the goods.

Many are interested in whether the initial installment fee need. Indeed, it sometimes is required, is at least 10% of the purchase price. But if we are on installments 0-0-12, the first installment is not needed.

To conclude a contract you need:

• find a store that offers installments;
• be an adult citizen of the Russian Federation;
• have regular income;
• Provide a passport. Often to it just attach a second document type SNILS or driver's license.

So, if you have 18 years old, you have a passport on your hands and regular income, you can easily visit the store and make a purchase in installments. Certificates are not required, the probability of approval on such programs is high. The loan takes up 15-30 minutes.

Which bank is better to install installments?

Typically, the question of the choice of the bank is not worth it. The store together with the partner bank creates a product Installing 0-0-12 or with another period. If you arrive in the store and say you want to make a purchase on a loan without overpayment, you will be brought to the manager of this bank.

Most often installments give Renaissance, OTP, Alfa-Bank, home loan. There are representatives of different banks in large stores. First you will go to the one that offers installments. And if he refuses, you can contact the representative of another bank and issue a standard loan with overpayment.