Many have heard that interest rates on loans in Europe are much lower than in our country. However, few people know that citizens of the Russian Federation can apply for a loan in a foreign bank without living abroad. True, this is a rather laborious process, but it is worth it.
Instructions
Step 1
Open an account with a foreign bank where you plan to take out a loan. To do this, you need to travel to the relevant European country and visit a bank branch. Prepare in advance a package of documents proving your identity and your income. Also, a surety from a reputable company, individual or credit institution will not hurt. The fact is that in European countries they are suspicious of Russian citizens, therefore, having nothing with you except a passport, you are unlikely to be able to move beyond a simple conversation. It must be remembered that most European banks require you to sign the agreement in Latin letters, so think over this option in advance.
Step 2
Contact a consulting company if you are unable to visit the country of the bank on your own. They will help you write an application and fill out a questionnaire, after which they will act as an intermediary in opening an account. These services are quite expensive, so check the prices of consulting firms in advance.
Step 3
Start applying for a loan in Europe. Remember that it is pointless to contact the bank on your own about this, with the exception of those who already have a positive credit history in European credit institutions. Take a letter from your servicing bank that confirms your solvency.
Step 4
If you intend to take out real estate loans, it is recommended to choose a real estate company as an intermediary, and in the case of a consumer loan or a loan to buy a business, then contact a foreign consulting company. In this case, it is the intermediary who needs to prove their income, since the loan itself is drawn up for him, and you are the payer.
Step 5
Submit your application for a loan in Europe, which is considered within a week. After a positive decision has been made, you and the intermediary will be invited to the bank branch to sign the loan agreement. Also, a loan can be registered in Russia. In this case, it will be compiled by the Ministry of Finance or the Central Bank of the Russian Federation. It is worth noting that if you take out a loan in Europe without traveling abroad, then most likely, in the end, the amount of costs and interest will be comparable to the costs of Russian loans.
