5 min read
2026-02-20
A low rate does not always mean a profitable loan. Banks compensate for the low rate with commissions, mandatory insurance and other hidden fees. Compare the total cost of the loan (FLC).
By extending the loan over a longer period, you reduce the payment, but significantly increase the overpayment:
500,000 ₽ for 3 years at 15% → overpayment ~124,000 ₽
500,000 ₽ for 5 years at 15% → overpayment ~214,000 ₽
Many borrowers do not use the right of early repayment. Even small additional payments significantly reduce overpayments.
Do not take out a loan if the monthly payment is close to your budget. Leave a reserve of at least 20% of your income for unexpected expenses.
The total credit burden should not exceed 30-40% of income. Consider all existing obligations.
Compare PSK in 3+ banks
Read all the terms of the contract
Checked the possibility of early repayment without penalties
Calculated the budget for the entire loan term
See also: Mortgage calculator, Salary calculator