Comparison of car loans and consumer loans from the standpoint of economic benefits for customers

The article compares auto loans and consumer loans. Various offers of commercial banks (on the example of Kaluga) on loans from the standpoint of economic benefits and acceptability for clients are investigated. The article uses the differences in terms of lending when choosing banking products. It is said that the key point of low rates on car loans is that they are possible only if many conditions of the bank are agreed, which indirectly increases the cost of the loan, since funds are required to fulfill additional conditions of the bank. It is concluded that it is necessary to take into account the entire set of factors for making a decision on lending.