Often there are times when urgently neededmoney, and there is no collateral. And even more so, considering that practically every citizen now has at least the smallest loan, it is also problematic to find a surety. One thing remains - to apply for a loan without collateral. Consumer credit without security - what does it mean and what are its features?
Under a consumer loan without collateralunderstand a loan without providing collateral and a surety. What is a consumer loan without security? Borrowed funds can be spent for any purpose at their own discretion. It can be a repair, the purchase of things or equipment. Such loans are suitable when the money is needed urgently.
To such credits it is possible to carry:
Financial organizations present to their borrowers the following requirements:
Naturally, different banks require different types of documents from borrowers. But basically it's a standard set, which includes:
Some banks other than the above documentscan request a certificate from the pension fund, a bank statement, a tax return (for the legal entity), and some - only a passport and income statement to provide a consumer loan without security, although in the latter case the amount will be small.
Conditions that the financialinstitutions are significantly different. For example, having a positive credit history and being a participant in a salary project, you can get loyalty from the bank on a consumer loan without collateral. What does it mean? These are the minimum interest rates, a long crediting period, the maximum loan amount. By the way, the interest rate can be lowered if the borrower signs an additional service in the form of accident insurance or loss of work.
Let's consider the basic conditions for loans without collateral.
Main settings | Conditions |
Amount |
|
Interest rate | Interest rate is always calculatedindividually, based on the amount and timing of the loan. You can arrange insurance for consumer credit without collateral. What does it mean? That the interest rate will decrease by a couple more points. |
Timing |
Sometimes the term can be up to 7 years. |
Extra options |
|
The client should be prepared for the fact that the banks are verycarefully consider applications for loans and are demanding of future borrowers. If an organization has any doubts, it is likely that it will refuse to work without bail or collateral.
There are banks that practice informalensuring that the collateral provided is accounted for, but not affected by the terms of the loan. This option is usually used when the value of collateral is small, and the guarantor does not meet the requirements of the bank.
Consider the example of various banks, what is a consumer loan without collateral. The review of banks will consist of the largest and well-known financial organizations.
Name of company | Amount (RUB) | Loan terms (months) | Interest rate % |
Sberbank | From 15 thousand to 1.5 million with confirmation of income | 3 - 60 | From 14.5 |
VTB 24 | From 50 thousand to 3 million with confirmation of income | 6 - 84 | From 18 |
Gazprombank | From 30 thousand to 1.2 million with confirmation of income | 6 - 60 | From 16.5 |
Bank of Moscow | From 100 thousand to 3 million with confirmation of income | From 16.9 | |
Rosselkhozbank | From 10 thousand to 750 thousand with confirmation of income | From 22.5 | |
Alfa Bank | From 50 thousand to 2 million with confirmation of income | 12 - 60 | From 16.99 |
Opening | From 25 thousand to 800 thousand with confirmation of income from 300 thousand | 6 - 60 | From 17,9 |
UniCredit Bank | From 60 thousand to 1 million without confirmation of income | 12 - 84 | From 16.9 |
Raiffeisenbank | from 91 thousand to 1.5 million. From 25 thousand to 800 thousand with confirmation of income | 6 - 60 | From 17,9 |
Promsvyazbank | From 30 thousand to 1.5 million From 25 thousand to 800 thousand with confirmation of income | 6 - 84 | From 16.5 |
Having considered the main proposals of the largestbanks, you can understand what a consumer loan without security means. Sberbank, for example, offers good amounts for an acceptable period, but a low interest rate will be established only if the maximum package of documents is submitted. Other organizations overstate rates. And all because there is no security.
And yet, this method of lending has a number of advantages for both the bank's client and the financial institution itself.
Consumer credit without collateral - what does this mean for a bank customer? Consider the main advantages and disadvantages of this method of providing loans.
The positive sides include the following:
The following can be classified as negative:
Provide a consumer loan withoutsecurity - what does this mean for banks? On the one hand, the advantage of such a loan is the demand for the program among the bank's customers, high income from the loan itself and a simplified scheme for reviewing applications. On the other hand, there are disadvantages. These are rather high risks and difficulties in recovery in case of default.
Nevertheless, this product is offered because of high incomes for a financial institution.
According to the opinions of customers of different banks,consumer credit without collateral - a convenient tool when you need money, and take them nowhere. Convenience is not only in the rapid reaction of the bank to the application, but also in the ability to repay the loan ahead of schedule and vary the monthly payment (in the larger direction).
Not everyone, of course, carries in the design of the loan.There are dissatisfied customers. But, as it turns out, these are borrowers who have a bad credit history, or clients who can not submit any of the necessary documents.
