Big loan for Ireland

The European Central Bank, the International Monetary Fund and European Union representatives quickly flew to the capital of Ireland with access to the current situation of public finances sector. Various Irish organizations in the country's financial insolvency forced the Central Bank to benefit from the proposed EU support. Irish Central Bank said that it is forced to take a few tens of billions of dollars a credit from the IMF and the EU. The loan amount would be quite impressive, the party in possession of sufficient resources, could prove capable of overcoming any problems in the financial sector, explained Mr. Honohan (Head of the Central Bank of Ireland). Loan interest rate will be similar to the Greek - about five percent per year.

It will be recalled that the country's budget deficit this year of around 32% of GDP and the debt just for investment banks in the state of the financial sector up to several hundred billion dollars. In addition, the banking sector in support of Ireland strongly increased government borrowing and public debt in recent days, the interest rate increased significantly. Therefore, investors are very worried about is whether the loan amount will be sufficient to stabilize the situation?
Listen
Read phonetically

Credit tendensions

For several months they do not change. People who want to take out loans, most prefer the euro. Meanwhile, those who have loans in dollar - is eager to change them into euros. Most of the people who want to reduce your monthly payments, who do not understand that at best this "salvation" would only last a few months. In view of this situation, banks have taken their own actions.

These banks even on the loan in U.S. dollars. In all euro-denominated loans. The average resident would question why that is? Do the banks have provided loans and the devaluation of the litas provided in euros? According to banks, loans are much riskier in dollar, whereas the banks themselves borrow $ is much higher than the euro - and there is a risk. This has implications for the country risk indicators, both national stock price index and the so-called risk

Car credit

Another types of consumer loans - car loan. Often people choose this type of loan to cover the cost of the car. An excellent example of the lack of a few thousand dollars to the new car will save you a few months. But is it not wise to take out a loan, just to ride the car, but during those few months to give the loan, the few hundred dollars?

These days the perception that consumer credit is obtained only if you pay high interest rates. It is now rarely possible to obtain a fixed rate loan, and if possible - the interest is quite high. Therefore, it is worth thinking about leasing as a better alternative to taking a car loan.

Much more cost effective to buy a car lease, let alone the fact that low interest rates. However, as the medal is his second half, the same is true here. Buying a car lease there are certain conditions which would not be taking the easy credit. For example, the purchase of a car lease, it must not be older than 12 years, other companies - not older than 7 years. There will be a necessary and initial contribution, and a ban on the entire lease period.

It is worth noting if you intend to buy a car, drive out to it for some time, and sell it, then better to take a car lease with redemption or otherwise, the residual value (ie rent). In this way, you pay much lower monthly premiums.