Loans in the francs of Switzerland and doubling, in some cases, of interest have left many Romanians with horror of loans to banks. In an heated debate on an online platform, the pro arguments were discussed and, above all, against contracting a loan.
The interest paid by Romanians are increasing. Photo: Pixabay
Why do you contract a loan today in Romania? Why do some Romanians stay away from loans like incense fuck? Interesting answers to these questions were given in a discussion on the Reddit platform.
“Those who do not make loans, what is your motivation?” – is the question from which the debate started.
The user who asked the question explained where the fear to make loans: “I have been afraid of banks since my father burned with a loan in Swiss francs made in 2007, who followed until a few months ago. The rate doubled, he was the only one who worked, I did not condemn it, but since then I have a horror for banks.
My fear of work I do not make credit. “
Nearly 300 comments followed, some funny, others even useful for someone who is thinking of contracting a bank loan.
“Haha? Fear of work? I don’t even find a job, haha … ha …. uh” – someone replied.
“You have little options for a house”
One of the most widespread answers refers to the explanations for which you would take your credit:
“If you do not have an inheritance from your grandparents/parents or huge income, you have little options to take a car, an apartment or a house.”
Another user balance the payment of interest with the payment of the rent:
“Personally I made peace with this thought quite easy and I saw it that on an investment in me. I went on the idea – than to pay rent almost/as much as a rate and I stay with nothing, to which you add the risk of being kicked (maybe the owner decides to sell his apartment), I better give you a bank.”
An important tip from those who take credit: “In the months I can, I pay and anticipated rates and decrease from the credit period, which seems to me a very good idea. ”
One of the tip is to take your credit in the currency in which you earn the salary: “At most of those who lost, this was the problem with the Swiss Franches in 2007.”
“I thought otherwise. If I no longer allow the rate and I have nothing to do, I pay to the bank what I have and I go out with an emergency cash. someone else explained.
Another user does not agree with the loan for the mask: “He loses too much of value to deserve. Better sit on something cheaper until you can afford something ok. Specifically, I took a Megan from 2014 in the 2nd hand that I held 3 years when I had money to take something better (and I sold it with the same amount) ”,
Another commentator claims that the fear of loans has overcome: “I passed over. I have realized that I could not take my house without this financial tool. I started easily. I took my mash in rates for 5 years. I paid it in 3. Now I took my house and I hope to pay it in less than 10 years. “
“For the house you have no other solution” – supported another commentator.
Economy solution: “I gathered the money instead of going on vacations”
A commentator explained how he succeeded: “What I want to note is that I sold PS4 and other personal things to have a car (+what I gathered). At the house I had the same approach, that is, I sold my car (+what I had a help+a help from my parents). Let’s make a barbecue. “
Another commentator recommends: “Renegotiate every 3 years, do not get out of the fixed rate”.
Another user claims that he has only the credits he allows, ie he does not have loans over 20% of the salary.
“For larger shopping, I use 0%interest shopping card, but in general, for high values, at least half of the product value I already have in the savings account. I practically use the shopping card so as not to lose the interest (it is right) to the savings.”explains another internet.
Costs for cars are not absolutely ok, says someone else: “Big interest and money a lot spent for something that is rapidly reducing, is one of the biggest financial mistakes that people do. ” The solution is: “Buy something used cheaper until you can afford a better car.”
“I took quite a lot of appliances using the shopping card but I paid before the term the total amount, without paying and interest. On the 19th, the oven was decided on the right, so I also took another with CC, it is already paid. From my point of view, if you pay when you need to buy the CC, it helps you to buy the interest,” someone else explained.
The risk of refusing to make home credit
Another user claims that if you expect to raise money for a home, you risk the price to double: “In my opinion, in Romania, a developing country with a growing real estate market, if you refuse to make credit waiting for the amount you will risk being Price From the Market. Maybe in 3 years you put aside 30 thousand. The apartment // the house you look at can grow in our market by 60 thousand in those three years. You get to lose more than interest. ”
“You don’t have much to pay rent 500 euros and put aside to gather to take 120,000 euro cash when you have a salary of 1000 euros …”, Another Internet use explained.
“Those who do not have a mortgage or have a lot of money, or have given their parents everything they need ”, Say someone else.
“The motivation is that at any credit you lose money, you never earn money“Says another user.
Another user explains why he will make a credit of € 50,000: “I do it for 30 years and I will have a monthly rate about 3-5 years of about 1500 – 1700 lei. As much as I pay the rent now. Let’s say I do not work for a period, we can pay the rent and the rest of the expenses only from the salary of the wife.
If we are both with the broken lip, I have some savings plus the specific insurance made for this type of periods. You see that you can insurance at the NN, and in cases like, they can pay you for a few months, and even a year, until you get on your feet. And in case of death you can pay the rest of the amount plus to receive the rest of the family.
As long as the job is going well and I have no other priority expenses, I quickly put it to pay the credit as quickly as possible, plus I get rid of interest. In theory I could extinguish it in 5-7 years without too many sacrifices.
It is important not to stretch more than your quilt, then you start to feel the cold in the soles. ”
“I am not interested in being an owner”
Another commentator claims that he is not interested in being the owner: “I do not want real estate business nor to be blocked in the same place. I prefer rents and move when I want to be close to a certain place, to work remote from other cities/countries, etc. I understand perfectly that some want a single house to grow old, etc., but I never had this dream, so I have no reason to do loans. “
“I am 30 years old, I have loans from 19 years old, I have always worked, I started that taxi driver. I paid my college with credit, I took my first credit, I build my house with credit. I always finished 1-2 years before the deadline.someone else explained.
Another user has an alternative to credit: “Personally, I chose the option to draw hard through the foreign (Denmark) for four half years instead of a 25-30-year-old mortgage loan. Was it worth the sacrifice? Certainly! Especially since I moved back in 2018, when the prices were still decent. After changing countless rents, you get a bit to move, and you want the stability of a roof. But mathematically speaking, I have never seen the meaning of working “on duty” for years for this benefit. “
“I simply do not want to be a slave to pay for 30 years for some banks for a house. I do not take either personal needs, I prefer to pay for phones/appliances that are not the last scraper than to remain with the thought that I have thousands of lei at IFNs.”, Said someone else.
“Fear that I will be caught at a job I want to escape, that I will be the slave of the bank 30 years, I can not do anything with my life, economic instability, the fear that I will not allow myself to pay and I run out of house and with the money taken ”, says another commentator.
“Credit in Spain with very small interest of 1.15%”
Even IT-knows have come to avoid the loans: “I have no safety of the job, being a programmer. And, from what the world says, one really good. Until recently I thought I was ok … apparently not the case. And then I raise money … It’s hard, especially if there are expensive problems, kind of teeth or something to repair in the car … “
“Because I had a loan of a not very big amount when I was younger and haunted (although I had no reason, because I could pay it) but I did not sleep at night knowing that I was due to someone. I told myself that in my life I have no more credit.” shows someone else.
“I am already a slave to the corporation, I do not want to be a slave to the bank”, support another commentator.
“It is impossible to be able to take an apartment without credit today. This is how I took the house for 25 years with a very young interest of 1.15% (125k house, the 108k loan). I hope to pay it in 10-12 years. 165k € ”says a lucky one who made credit in Spain.
