Car loan is called the provision of moneyto purchase a car. And the transport may be new or used. Bank issued funds after approval of the application. At the same time, lenders assess their risks. Loans are provided on the security of the car. Many banks issue them only when they purchase a CASCO policy. Is it necessary? Is it possible to design a car loan without hull insurance? Answers to these questions are presented in the article.
When car loans are transferred by the bankthe seller. Before payment, the car will be in the form of a deposit from the bank. For most, buying a car on credit is the only way to solve a transportation problem. The advantage is a quick purchase and with a minimum amount of savings.
A disadvantage is overpayment.You have to pay about 50% more than the car costs. Therefore, many want to save in all possible ways. Can I take a car loan without a hull insurance? The client has the right to this, moreover, the cost of transport decreases.
Without insurance, the bank risks.If the car gets into an accident or is stolen, and the owner can not pay the loan, then there will be nothing to withdraw. Therefore, a car loan without a hull insurance is usually provided on the following terms:
If you are satisfied with everything, you can safely make outcar loan without hull insurance. These loans are available for the purchase of new and used cars. But it is important to bear in mind that the client is also at risk. If the car is hijacked or damaged in an accident, you still need to pay the loan in full, and no compensation will be paid. Therefore, first it is important to weigh the pros and cons of such a purchase.
Car loans without CASCO are provided by banks on more stringent conditions, which allows minimizing risks. The main conditions include:
The banks that give auto loans without hull insurance, conditionsmay vary. But the above nuances are practically everywhere. An auto loan without CASCO insurance is usually not available without an income statement. It should indicate the place of work where the client has been employed for more than 6 months or 1 year.
How to take a car loan without hull insurance?In advance, you need to choose the brand of car, check its condition and equipment, as well as find out how much to apply. Some car dealers cooperate only with specific banks, which also needs to be clarified. The procedure for registration of a car loan without CASCO for a new car or supported is as follows.
But not all credit institutions agree.provide services without hull insurance. You can apply to several banks. But it is important to bear in mind that a pre-positive response is not a guarantee of a 100% issue. Documents will be checked when visiting a bank before signing the contract.
Standard requirements include:
When an application for a car loan without a hull insurance for used cars or a new vehicle is approved, a package of documents can be prepared. Availability required:
Some financial institutions need andother documents. This may be a military ID, certificate of education, paper on the property. If the solvency, according to the bank, is insufficient, they are subject to additional conditions. For example, 1-2 guarantors are required.
Когда разрешение банка получено, можно заключать contract of sale. When a car dealership and a bank work together, the procedure will be easier. Then in the salon, you can choose a car and immediately sign an agreement with a bank representative.
Before signing the contract it is necessary to read it. Special attention should be paid to the following points:
Затем необходимо внести первый платеж, который will be credited to the seller’s account. Banks do not provide a car loan without a down payment without a hull insurance, since this represents a high risk.
It is necessary to put the car on the account in the traffic police. This must be done within 10 days after the conclusion of the contract of sale. You can contact any department of traffic police.
You need to pay a fee and provide documentson the car, including mandatory insurance policy. After registration, the buyer becomes the owner of the vehicle. It remains only to comply with traffic rules and timely pay the debt on the loan.
It depends on how much you have to pay monthly and under what conditions. To make the requirements acceptable, you need to know how to choose the right bank:
Care must be taken withexpress car loans. Winning in time often leads to higher stakes. Other nuances include additional fees for opening and maintaining an account, unfavorable conditions for early payment.
Still need to follow stocks and offers.If the employer cooperates with the bank on a payroll project, then additional benefits and privileges are likely to be available. And in which banks without a hull car loan is issued on acceptable terms, described below.
Customers are offered a credit cardwith an amount of up to 300 thousand rubles. The application is made no more than 5 minutes, and the answer comes within 2 minutes. The card will be sent to your home address or office. The first 55 days interest is not charged.
The money provided can be spent onpurchase of a car. Then there will be a rate of 19.9%, but it can be set individually. For annual maintenance charged 590 rubles. All operations are carried out remotely using a telephone, computer and mobile devices.
The bank is among the leaders of the financial market of the Russian Federation. Citizens can apply for consumer loans of up to 3 million for a period of up to 5 years. The application can be submitted via the website and get an answer in 15 minutes.
For civil servants and corporate clients there are special conditions. The initial rate is 14.9%. Clients may be granted credit holidays for the holiday period or for other reasons.
The bank provides cash loans of up to 1 million rubles at 17%. Car loans are issued on a special program - a new car on the security of the old one.
The vehicle to be exchanged must meet the following requirements:
When in doubt about the solvency of the customer, banks may request a guarantor. A loan with a pledge in the form of an old car is made out for clients from 21 years of age who are officially employed.
Customers are issued loans to purchaseused car. The maximum amount is 1.2 million rubles for up to 5 years. Down payment is from 30%. The rate is at the level of 21.9%, while at registration of life insurance it decreases by 2%. The increased cost is due to the fact that at the time of registration it is not necessary to provide a certificate of income or a copy of the workbook.
If you issue insurance CASCO, thenthe minimum first payment will be 15%. The size of the rate also decreases - 16.9-18.9%. This requires confirmation of solvency and employment through documents. Then the loan is issued on a passport and driving license, if you make a large first payment and if the amount of the loan is small.
In this bank, auto loans are provided assalary and corporate clients, as well as ordinary citizens. And without a hull insurance, up to 2 million rubles can be issued if a used car is selected and up to 3 million rubles if the vehicle is new. The term is up to 5 years, and the minimum contribution is from 15%. The rate is 20.99 - 24.99%.
When making insurance overpayment will bebe 15.99 - 22.99%. Salary projects participants are provided with auto loans on the passport and the second document. Employees of partner companies need to provide a 2-NDFL certificate for 6 months.
This bank issued a loan "Auto Express".Tedious to provide a passport and another document - a military ID, driver's license. The first installment starts at 30%. The maximum amount is 1.5 million rubles. The rate is 16.9 - 21.9%.
The main requirements include:
If you arrange a loan with insurance, the first payment will be reduced to 20%, and the rate will be 16.9 - 18.9%. Car loans are processed quickly - within an hour after submitting the application.
There are no special car loans programs in this bank, but there is the possibility of obtaining a simple, unauthorized loan and purchasing a car without a hull insurance.
With the help of the Big Money program, borrowers can buy a new or supported car. The amount is 300 thousand - 3 million rubles. The rate is 14-21%.
Thus, many banks provideauto loan without hull insurance for new cars and used vehicles. But then borrowers need to be prepared for other conditions. After studying the requirements of several banks, it will turn out to choose the most acceptable option.
