How to get a bank loan?

Most modern banks offer so-called “loans for urgent needs”. Under this sentimental name is a loan intended for absolutely any need that could not be pushed into special credit programs (for the purchase of apartments, cars, household appliances, with such loans money is transferred directly to the seller of the goods). When you take out such a loan, you are not obliged to report to the bank, why you need money (if your cheeks have fallen, and you can see the ribs, then such questions most likely will not arise).

Loans are collateral and not requiring collateral. A loan without collateral requires a high official salary. Moreover, the majority of banks recite the maximum loan amount in their advertisements, but in reality not every borrower will be given the maximum. The loan amount depends on the income of the person, as well as on the special considerations of the bank regarding each borrower. Most often, banks give a loan not exceeding the ten-month salary of the debtor. In addition, reduction factors are applied if the borrower frequently changes jobs or has dependents (young children). In general, you can count on the mercy of the bank, if the income for each member of your family is not less than $ 400.

Unsecured loans require guarantors. Banks will be very happy if, as guarantors, you drag your relatives. But in principle, it does not matter who you bring, as long as the total income of the guarantors allows you to pay the bank if the borrower suddenly cannot. By the way, keep in mind if your friend invites you to become his guarantor, think a hundred times, because in the event of his insolvency, the bank will choose which one to plead with: a friend or you. If you have a flat or car, then the bank, of course, will choose you as a victim, sue you and definitely win (it’s unlikely a friend will let you live in his apartment ... you will not have your own). The rate of untargeted unsecured loans in rubles is 14.4−26%.

Mortgage loans more like both banks and borrowers. On bail, you can take a very large amount at once (up to several hundred thousand dollars), while at the same time, in the event of insolvency, the bank can quickly withdraw the deposit and sell it. Real estate, land, cars, securities, units in mutual funds, bullion of precious metals, investment coins - in general, almost any property of at least some value can be used as collateral. Banks are picky enough to pledge, for example, apartments and houses should be suitable for living, and they can be mortgaged only as a whole, if housing is in common ownership, then the consent of all owners is necessary.

Before you are given a loan, you must collect the entire set of documents confirming the ownership of the pledge, as well as evaluate it from independent appraisers. If the bank accepts your collateral, then you lose the right to dispose of your property and sell it for the entire term of the loan.

Do not expect the bank to lend you as much as your property is worth. The fact is that banks always reduce the estimated value of collateral, for example, when pledging an apartment, its value will be reduced by 30-50%, car - by about 50%, securities - by 15-50%, gold - about 20%. Thus, banks are insured against changing market conditions.

In general, I would like to say that a loan is a very unpleasant thing, so maybe you should just tighten your belt (not on your neck).

Take care of yourself.

Watch the video: 3 Best Low Interest Personal Loans (February 2020).


Leave Your Comment