How to apply for a loan to an individual?

Today, lending is a popular and affordable way to solve your financial problems, purchase the right thing, a new car and even an apartment or a private house.

For many, getting a loan or a loan is the only way to achieve your goal, because accumulating a large amount is almost impossible.

Who provides loans to citizens?

A loan to an individual is issued by a variety of credit institutions - banks, microfinance organizations, credit cooperatives, etc.

Banks offer a huge selection of programscrediting. For example, target - auto loan, mortgage, educational loan and so on. You can also make a loan for urgent needs, that is, without confirmation of the intended use.

All information about the proposed bankingproducts can be obtained without leaving the threshold of the house, since virtually all financial institutions have their own pages on the Internet, where they can also apply online for credit.

How to get the necessary money?

To issue a loan to an individual in a bank,the client must meet certain requirements. Age should be from 21 to 65 years. Experience in the last place of work should be at least 6 months. To receive a loan, you will need to submit a package of documents. In addition to the passport, loan officers will ask for information on the income of the form 2-NDFL or in the form of the selected bank, it will also be necessary to have a copy of the work record book or employment contract certified by the personnel department at the borrower's place of work.

If the client is the holder of a salary cardof the given bank or receives a pension to the account opened in it, then it will be much easier to get a loan to an individual. Documents, which prove solvency and labor employment, as a rule, are not required.

It should be remembered that obtaining a loan from a bankmay take several days or even weeks. At the same time quite often, especially when you receive a large loan amount, require to provide guarantors or collateral (for example, real estate or a car). When a bank makes a positive decision on a completed application, a loan agreement with an individual is drawn up.

Other ways to get money in debt

It is much easier to obtain a loan to an individual inone of many microfinance organizations. These are so-called micro- or express loans. For their registration, most often only a passport is required. Such loans are issued even to customers with a negative credit history or without a permanent place of work.

True, the interest rate for usinga micro loan is much higher than a simple loan. Consideration of the application usually takes from 15 minutes to 1 hour. Any citizen who has a permanent registration in the territory of Russia can become a borrower. It can be pensioners, students, people who work unofficially, and other categories of citizens.

Thus, to issue cash loans by physicalpeople today will not be difficult, as the choice of financial institutions and the proposed loan products is very large. Borrowers simply need to correctly formulate their needs and proceed from them to choose the appropriate loan product.