Most financial institutions operate on the territory of Russia, have consumer credit in the list of their credit programs. Issuing such loans brings maximum profit to banks at the expense of interest. In the face of increasing competition and economic consolidation in the post-crisis period, it can be assumed that the requirements for potential borrowers will continue to weaken.
To date, the consumer. The loan can be granted to people who have Russian citizenship (only a few banks issue loans to CIS citizens), ages in the range of 20 to 75 years and a constant income that meets the requirements of a particular bank. Most banks’ average interest rate on non-earmarked consumer loans is 17-25% per year.
In order to issue a consumer loan in Fine Bank, people between the ages of 21 and 65, whose professional experience is more than 6 months. If the borrower has a payroll account in that organization, the time to review the application and rates will be significantly reduced.
The main difference of this type from other types of credit
Is the absence of the need to report to the creditor on the directions of use of the funds. It is important for the bank that the loan is not used to repay the previously issued loan. However, this point can easily be avoided by withdrawing cash and depositing it into an account with another bank.
To issue a consumer loan, the lender usually requires the following documents: the passport of the potential borrower; any other document proving identity (eg a passport); a copy of the proof of employment; Document confirming the amount of income (2-NDFL, tax return, certificate from the workplace).
When compiling a document package, there are a few nuances that should be considered to reduce the likelihood of rejection:
- in a foreign passport, it is desirable to have at least one travel confirmation;
- The provision of 2-NDFL is preferable to other forms of income confirmation;
- The presence of the spouse can be an additional plus.
As an additional security, if a person who wants to issue a consumer loan offers a deposit on property, you will need to create documents for him.
Consumer credit can be provided under the guarantee of a person
whose creditworthiness is estimated using the same criteria as the borrower. The interest rate drops, but not so much. For example, under the Fine Bank programs, only 0.5% per year. Compensates for overpayment by increasing the maximum amount of loans from 1.5 to 3 million dollars.
In order to attract customers, many banks offer the possibility to apply for consumer credit online. To do this, you need to go to the website of the selected bank and indicate the amount, term, purpose of the loan and the amount of income of the family or potential borrower. However, it should be borne in mind that the decision on such an application is preliminary. Preparing a consumer credit in full and issuing a bank is only allowed after submission of all necessary documents.