Consumer lending is currently the most common programs in the vast majority of banking institutions of the Russian Federation.It is represented by a plurality of variations and can be implemented to perform a variety of conditions.For those who are going to issue consumer credit, this kind of service is extremely important.After all, for different amounts and purposes there are different interest rates.The terms of the loan also vary.Today, this type of program can be designed in a wide range of interest rates ranging from 12 to 70% per annum.
Consumer credit: types
total these programs can be divided into two broad categories:
- Target - are loans that are issued by banks in order to achieve specific client goals stipulated and prescribed in the contract.This can be a major overhaul, education, scheduled recreation and so on.This financial institution is authorized to monitor where funds are issued.In some cases, a person can not even see the cash, as the bank immediately send it to the account of the company providing the service: clinics, college, hotel, etc.If you happen to take a consumer loan target, the interest rate on it will be low, and the conditions of payment are very soft.
- Unearmarked - a loan without a specific destination.These include rapid credits, which can be prepared in the presence of only 2 documents.The interest on this type of loans is always high and may reach 70%.The maximum term of registration Express loan is usually 6 months, although by law it can take a year and a half.In the case of misuse of the loan, the bank is not involved in the further life of the client, but requires timely making payment on the content of the credit program.
package of documents for obtaining
necessary to collect a certain set of official documents for the registration of such services as consumer credit.Types of loans and their diversity make it possible to choose the program that fully reflect the opportunities and expectations of the borrower.For the conclusion of the contract he will need to provide the following:
- passport of the Russian Federation with a valid residence permit in the vicinity of one of the branches of the bank;
- second document, which can help identify the identity of the borrower;
- signature of the guarantor;
- pledge object.
Get a loan can be in the presence of only the first two points, but the more documents and guarantees, the greater the amount of money long term and softer conditions.If granted mortgage guarantee facility and it is very easy to get a consumer loan.Interest in this case will be the lowest, from 12 to 15%.If the collateral is real estate: house, apartment or land - the amount that you can borrow is limited 10th mln. Rubles.
If for repair or purchase of the car took a large sum of money, it can always help a consumer loan.Types of services that allow you to use it to solve a huge range of different situations in life, from buying vending thing to rest abroad.
