What is the target and no-purpose loan?

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2018-03-23 23:45:17

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The Credits have strongly entered into life of almost each person. Having a Bank loan, you can solve many problems or just to travel. To receive financial support in the Bank for any needs. For this reason, the loans are divided into earmarked and non-earmarked loans.

untied loan

Types of lending

Loans for quite a long time are in great demand among the population worldwide. Loans come in various types. But in General they can be divided into two main groups:

  • General purpose loans;
  • Target loans.

In turn, they can also be divided into several types. So, for target are:

  • Mortgage;
  • Loans;
  • The granting of loans for training;
  • The purchase of goods or equipment in the shop.

Misuse of credit should include:

  • Any of consumer credit;
  • Microloans;
  • Credit cards.

Who can receive?

To General-purpose consumer loan can any citizen of the Russian Federation who has reached the age of majority. In addition, the potential borrower must meet the other requirements of the Bank. These include:

  • The Obligatory presence of permanent registration in one of the regions of Russia.
  • The Prospective borrower must have a permanent source of income. It is desirable that it was documented the income statement on form 2-NDFL. It can be obtained in the accounting Department at the place of work.
  • On the current place of the future credit the client must work at least three calendar months;
  • When completing application to receive non-earmarked credit, be sure to specify a valid mobile phone number. It will be necessary to communicate the Bank's employees with a potential borrower.

no-purpose loan secured

Loans

This type of funding is called loan, the issuance of which the funds allocated to the borrower by the Bank for a specific purpose. Very often when you receive this type of lending, the client makes the initial amount. For example, it is possible to shop any selected item. The borrower pays a small amount of its value, and the remaining part is financed by the Bank. The money is transferred to the shop account, and the customer pays the selected amount from the accrual of certain interest for the use of cash.

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The conditions for obtaining credit in modern banking institutions

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It is Worth considering that the target of the loan personally at the hands of the client, the Bank almost never gives. He is transferred immediately to the seller. With the help of this loan you can buy a car or apartment, and to pay the tuition at the University.

The Annual interest rate of this type of lending is one of the lowest. Often it depends on the amount of the loan.

In cases where the purchased product has low cost, the interest rate may be increased and sometimes reaches forty percent. But when buying an apartment, house or vehicle it will be significantly less. So, the machine can be purchased with a loan that has a rate of seven or ten percent. Interest mortgage rate averages ten percent.

no-purpose loan secured by real estate

Untied loan

This type of loan is the receipt of cash in the Bank. In this case the borrower can dispose of the money allocated at discretion. The money can also be used to pay tuition or down payment on the mortgage.

The Financial institution that issued the no-purpose loan, will not control the flow of the borrower allocated funds. In the contract made with the loan will be the date of payment of the monthly payment amount. This schedule must be strictly adhered to, otherwise the Bank will pay penalties.

However, it is worth considering that such consumer loans have extremely high interest rate. Due to the fact that the Bank needs to insure their risks. The average interest rate on the consumer loan is 25-30 percent per annum.

misuse of credit

How to arrange a consumer loan?

Untied loan banks offer to its customers always. But some suggestions may vary. So, in some banks it can take only two documents. Other financial institutions offer to issue the no-purpose loan on the security.

In the first case, the interest rate on the loan will be high. To arrange a loan at a more favorable rate providing you a full package of documents. It includes:

  • The passport of the citizen of the Russian Federation;
  • Certificate of state pension insurance;
  • Salary report;
  • Copy of employment record, certified by the stamp and signature of employer.

The Age of the borrower should be above 21 years. In addition, the client must have a work experience of six months and above.

To Make itself an application in Bank office. You can get the money in the cash counter of the Bank or directly to the Bank card.

The same procedure for the same loan purpose loan.

no-purpose loan on the security of real estate the Sberbank

No-purpose loan on the security of immobility

To obtain a large amount of money in one of financial institutions onpersonal expenses, is to issue the no-purpose loan secured by real estate.

To do this is to go to any Bank branch with a certain package of documents. It includes:

  • A valid original passport;
  • Insurance pension certificate;
  • Salary certificate issued in the accounting Department at the place of work;
  • Copy of employment record;
  • The INN certificate;
  • Documents confirming the ownership right of real property ownership.

In addition, the prospective borrower must meet all the necessary requirements of the Bank. First he must reach the age of majority. Many financial organizations have age limits from twenty-one years until his retirement. The potential borrower should have regular source of income. It is desirable that it was documented.

It Is necessary to carry out the procedure of the execution of this misuse of credit in the Bank. Of course, you can apply via the Internet, but the office visit will still. There is necessary to include documents to leave the pledged property.

It is Worth considering that the non-fulfillment of loan obligations the borrower's property becomes the property of the Bank. It is not only a collateral, and the guarantor of repayment of funds.

Untied loan under the pledge of Sberbank

Their potential customers the Sberbank offers several options to obtain a consumer loan. Improper credit can also be obtained under different conditions and interest rates.

However, whichever option crediting has been selected, the potential borrower must meet the Bank's requirements. They are not hard. In order to receive a loan, log in the age group from twenty-one to sixty-five years. Of course, you need to have a source of steady income. Desirable formal employment. In addition, a mandatory condition for obtaining non-earmarked credit in Sberbank is the presence of Russian citizenship and permanent registration in one of the regions of the country.

In accordance with these requirements, the customer can obtain a loan up to 1.5 million rubles for a period from six months to five years.

In addition, to reduce the interest rate and get the maximum amount possible if to issue in the savings Bank untied loan secured by real estate. This loan can reach ten million rubles. Its amount is determined in accordance with the cost subject to pledge of the property.

But the maximum period for repayment may be twenty years. The interest rate depends on the loan amount, but it averages fifteen percent per annum.

no-purpose loan banks

A Loan with a guarantor

If you want to misuse credit, but there is no way to leave as a Deposit property, you should contact the Bank guarantors.

They can be any natural person who has Russian citizenship and a permanent source of income. As a borrower, it is necessary to present to the Bank a passport and an income statement. It is worth considering that the age of the guarantor may not be less than twenty-one years and more than sixty five years.

In case of default of credit obligations by the borrower payment of loan proceeds to guarantor.

The amount of the loan if the guarantor can reach three million rubles. The interest rate in this case will be reduced by approximately one percent.

Target credit in the savings Bank

To Obtain in Sberbank it is possible and the target loan. It also must meet the requirements of the Bank. They include:

  • The presence of Russian citizenship and permanent registration;
  • Age of the borrower should not be less than eighteen years of age, but not older than sixty-five;
  • Necessarily a permanent source of income.

The Package of documents for registration of the target credit is standard. However, depending on the purpose of lending may require additional securities.

So, to get a student loan in addition to a passport will need to present to the Bank documents confirming admission to the University. Repayment of this type of loan can be deferred until after the borrower's graduation.

General-purpose consumer loan

Mortgages

The Program of mortgage lending in Sberbank is considered one of the best. The procedure of registration of the trust loan depends on the type of homes to buy. It can be:

  • Primary housing, there are apartments for sale in a new building.
  • Secondary housing. In this case, the house or flat is purchased from a private party.
  • Building your own home.

To purchase their own homes Sberbank is ready to provide its customers with a cash sum of three hundred thousand to eight million rubles. For residents of the capital and St. Petersburg, the amount may be increased to fifteen million rubles. But it is worth considering that the initial payment will need to make your own. It needs to be not less than twenty percent of the cost of purchased housing.

The Life of the mortgage can reach thirty years. In addition, insurance purchased residential area will be mandatory.

The savings Bank offers one of the lowest rates on a mortgage. On average it is 9-10 percent.


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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