Modern banks offer a large number of loans. Each program has its advantages and disadvantages. Loan on trust is claimed. It involves obtaining funds in debt with minimal requirements. You do not need to provide a lot of documents, confirm your solvency, and also look for guarantors. The service is drawn up very quickly compared to a regular loan.
Definition
What is a credit on trust? This is a type of loan for which you do not need guarantors and proof of income. It is provided in a small amount and for a short period. If you wish, you can take a cash loan, which is much more convenient than a credit card.
Although the concept of “trust” indicates that the bank does not doubt its customers, it is still not entirely true. Credit organizations are always wary of borrowers, especially those who do not want to provide additional information about themselves, such as proof of income in the form of a certificate.
Risks related to the issuance of a loan, the bank compensates with the help of high interest. It turns out that bona fide customers still compensate for losses caused by dishonest borrowers.
Benefits
A trust loan has the following advantages:
- Only a passport is required.
- Quick review of the application.
- You can fill out an online application.
- No need to talk about lending goals.
The benefits are substantial. That is why many choose credit on trust. Making it a lot easier than regular loans. But you must take into account the existing disadvantages of the transaction.
Features and disadvantages
It should be borne in mind that this service is provided not only to support those in need. Credit institutions will not risk money, that is, operate at a loss. The purpose of their work is to make a profit, therefore the service "credit of trust" has disadvantages:
- The amount will not be large.
- High rates.
This type of lending is in demand among individuals for the purchase of personal goods. A service is issued if there are no funds, but it is necessary to purchase goods. If there is no urgency in its purchase, then it is better to use a better offer. Such lending is in demand among people with a bad credit history.
Requirements
Sberbank offers to issue a loan "Trust". It is issued to small businesses on the basis of the following requirements:
- You must be an entrepreneur or small business owner.
- If the organization operates in the field of trade, it is important that its activities exist for more than 3 months.
- If the company provides services or is engaged in production, then the experience should be 6 months.
- Payments must go through Sberbank.
Subject to these requirements, the loan will be approved. In each bank, the terms of service may be different. If a loan is issued by an individual, then the requirements may be slightly different:
- Age. For example, from 21 years to 60 years.
- The presence of a passport of a citizen of the Russian Federation.
- Accommodation in the territory of registration.
Bank requirements may vary. But if a loan is provided on trust, then documenting your income is not required. That is why it is not necessary to provide a certificate, a work book.
What are these loans taken for?
An express loan on trust can be issued for various cases. But banks do not work with firms that are in bankruptcy. If the company has debts, then most likely there will be a refusal to receive funds.
A loan can be issued for:
- The acquisition of goods.
- Performing repairs.
- Improvement of equipment.
- Improving mass production.
- Customer acquisition.
Typically, banks issue loans without trust. This requires documentary evidence of income, official papers. Only then loans are issued on favorable terms.
Who issues such loans?
Although many banks check their credit history, as well as documents, some organizations are ready to provide money on simple terms. A credit of confidence for a woman and a man can be issued at the following institutions:
- "Tinkoff Credit Systems". The bank offers to receive a card on which the maximum limit is 300 thousand rubles. The period for returning money to the bank cannot be more than 3 years. The rate is 39.9% per annum.
- Bank "East Express". It is possible to get a loan of up to 500 thousand rubles and at a rate of 15-52%. The debt repayment period is 1-5 years. The size of the bet depends on the credit history.
- "Prombiznesbank". The limit is 200 thousand rubles, and the rate can be in the range of 19-60%. It will be necessary to repay the debt in 3 years.
- Home Credit. The bank offers to receive up to 500 thousand rubles for 20-67%. The loan period is up to 5 years.
- "Renaissance Credit". Loans are issued on the card up to 500 thousand rubles at 15.9-69.9%. The repayment period should not be more than 3 years.
Trust loans are issued at Zapsibkombank, Russian Standard, Vanguard, and Baltinvestbank. The rate is determined on how many documents will be provided, as well as on the credit history.
Should I get such a loan?
Before registration, you need to carefully consider this deal, because this is not the most profitable option for obtaining funds, although the simplest one. You must make sure that such a loan will be paid.
Of course, to argue that a loan of trust is a bad service is not worth it. In many life situations, it is he who provides quick material support. It is not always possible to collect information, find guarantors, especially since many banks process applications for a long time.
If it is possible to confirm solvency, then this should be done. This will not take much time, but it will save on interest. In the future, loans can be obtained faster. If it’s difficult to confirm your income, then you should look for those banks that take into account unofficial or indirect sources of income than simply register a passport service.
Is such a loan beneficial?
A trust loan can be beneficial. This applies to certain categories of borrowers:
- If a loan was already issued earlier, after which it was paid without delay.
- Favorable conditions are provided to employees of organizations accredited by the bank for obtaining soft loans.
- Salary is transferred to the bank account to which the client has applied.
- If the borrower has a deposit.
Such customers are conscientious, therefore the risk of non-return is considered small. Making loans is easy, and the conditions will be favorable in comparison with those offered to other people. That is why, before taking a loan, you should familiarize yourself with the offers of several banks, and then choose the most suitable option for you in a particular situation. Perhaps the institution that previously issued the funds will offer to arrange the service on more attractive terms. In any case, it is better to consult with a specialist who will tell you the right way out of the situation.