increasing popularity among the population are beginning to use the loans for various needs.At the same time after the approval of the Bank of his candidacy, few people realize how all the process of lending and guarantees and which has benefited the bank.But this is directly related to the conditions of the loan.
If you call the basic principles of lending, it is - the urgency of repayment.
The most important of these is the reflexivity, that is, return to the creditor his debt.Most often, the contract is prescribed in advance of credit risk insurance.The most reliable from this point of view, loans are given for a specific purpose (purchase of apartments, cars, and so on. D.), As in such cases the purchased item will be pledged to the organization as long as the debt is repaid.
smoothly from the return follows the following principle - the urgency.It means that the loan must be repaid in a strictly limited period, which is specified in advance.The loan agreement is designed graph that the customer will pay monthly installments including interest.In some cases, banks allow early repayment of the loan.However, the contract must be specified in advance how it will happen, because sometimes lenders charge an additional fee for this procedure.
principle of payment, when it comes easier, represents the payment of interest on the loan.This is the main condition for granting the loan, since it is thus a financial institution gets its main income.
Other principles of lending - a differentiation of credit, its security and goal orientation.
principle of differentiation loan provides an individual approach to customers, depending on their ability to pay.Conventionally, bank employees are divided borrowers into two groups: first-class and doubtful.Further, each of these groups is differentiated into several groups, depending on the credit rating, which is included in the solvency of customers.These principles are important for lending to borrowers at least for banks, as the loyal attitude and quick delivery of loan depends on previous credit history.
secured loan is not always, but most of the time.Denotes a concept granting the loan under any security.This can be a pledge of the acquired property and guarantors, which in the case of non-repayment of money the debtor will be required to pay the debt themselves.Some banks offer their customers to issue an insurance policy that protects the loan from non-payment, and subsequently allowing at least partially compensate for the loss of the lender.These and other principles of bank lending to ensure the establishment of a stable income from activities in this area.
Targeting money is important for both credited and for financial institutions.It affects the interest rate, the amount issued and the term of use of money.For example, mortgages or car loans are usually issued for a longer period of time and large sums of money, compared to non-target consumer loans.This is due to the possibility of collateral, which increases the odds back its debt.
It is worth noting that the principles of lending are different from the rules of granting loans, but these two concepts are closely linked.Keep in mind the principle of lending mechanism which allows to move and develop cash loans, varying interest rates or making other conditions more loyal.
Thus, the principles of bank lending accounted for handling the customer to the institution for the loan, as they reflect the essence of practically the whole of the loan.
