Credits on Kreditos

If attentively to look at offers of leading Russian banks under hypothecary credits it is simple to notice, that recently the quantity of offers under hypothecary credits with the floating rate has considerably grown.

What does the floating rate mean?

Such rate is not underlined in the contract under the hypothecary credit as it constantly varies and is not fixed.

It is necessary to tell, that autocrediting was necessary to taste to many Russians, however experts believe, that in the near future growth of the market of autocrediting can be slowed down a little.

However even if market growth to be slowed down, it is not necessary to expect that percent on autocredits will start to decrease. It it will not be exact.

By the way, autocredits too like banks. Why?