Which bank to get a loan from? The huge variety of banking programs offered today by various financial institutions creates a feeling of universal credit abundance and the availability of borrowed funds for all categories of Russian residents. Is it really? Does it make sense to trust the attractive offers of numerous banks? What credit conditions are considered the most profitable? Let's try to understand these and some other issues.
Modern banking programs provide for various options for receiving money. However, future borrowers are primarily interested in how to get a bank loan in cash.
Ways to get credit banking resources
Experts identify two main options:
- cash loan through the bank cash desk;
- crediting money to the client’s bank card account or to his current account.
Customer credit
The most affordable and predictable way to obtain cash financial resources can be called a loan designed to meet the most urgent needs. Before deciding on which bank to take a loan from, experts recommend that you familiarize yourself with all the programs and terms of lending at nearby banks.
The conclusion of an agreement with an institution located in the client’s area of residence will allow him to save on fees for transferring payments when repaying a loan. It will be possible to deposit money either through the cash desk of the bank, or through the ATM of this credit institution.
From the recommendations of experts: in order to profitably take a loan from a bank, you should draw up an agreement with the financial company where the applicant is credited with monthly income. Salary project concluded between the employer and the banking organization, will allow the client to draw up a loan agreement on more favorable terms:
- at an acceptable interest rate;
- with a minimum number of documents;
- without guarantee;
- for a sufficiently long period.
Credits issued for specific purposes
Upon receipt of targeted loans (mortgage, car loan), cash is not issued. After signing the credit documentation and paying insurance premiums, the money goes to the card or current account of the borrower opened in the institution of the creditor bank. The use of borrowed funds for other purposes is strictly prohibited.
Another option for such lending is the purchase of equipment, furniture and other expensive goods on credit. The amount of borrowed funds under the contract in this case will be equal to the amount by which purchases are made. Interest for services and commissions are initially included in the cost of purchased goods.
Credit cards
This method for the majority of Russian residents is the only way to implement their plan - to get money on loan. Which bank to take the loan credited to the plastic card account, it is up to the borrower. The main advantages of such programs include:
- speed of consideration of loan applications;
- minimum package of documents;
- grace period for loans.
The main disadvantages of credit cards are:
- excessively high interest rates for the use of the bank's monetary resources;
- significant fees for cash withdrawals through ATMs.
Features of registration of loans by people of retirement age
Let’s try to clarify one more question: “Can I get a loan from a bank to a pensioner?” Russians, who went on a well-deserved rest, face numerous difficulties if they need to get a loan.
The main problems can be described as follows:
- existing lending programs significantly limit the age of prospective borrowers (in various banks, this figure varies from 60 to 75 years);
- many financial institutions refuse to issue loans to non-working pensioners;
- older people, as a rule, cannot access such types of loans as mortgages, because such programs are designed for a long term (over 10 years);
- often banks agree to provide borrowed funds to people of retirement age, but the interest rate increases by several points.
From the recommendations of specialists: first of all, a pensioner should contact the financial institution where he has an account for crediting the amounts received monthly from the Pension Fund. If the banking programs of this organization provide for lending to older people, then the chances of applying for a loan will increase significantly. In a certain situation, it makes sense to submit a loan application to the bank where the applicant stores his savings.
Which bank to get a loan from? The answer to this question will be surely found. However, remember: do not rush - specify all the details well and carefully think over all the details before signing the loan documentation.
