Retail banking advertising teaches people to take out loans for anything from a mobile phone to buying a new home. And sooner or later, an ordinary person, who is sometimes imposed a completely unnecessary banking service, will have a natural question: is it possible to refuse a loan?
Instructions
Step 1
Credit relations begin to operate from the moment of signing by both parties (the lender and the borrower) of the corresponding agreement. Therefore, even after going through the entire preliminary assessment procedure by the bank and spending several days on it, you can refuse the loan until the very last moment, simply without signing the appropriate agreement. In this case, neither the bank nor you will have the corresponding rights and obligations, and your actions will not have any legal consequences.
Step 2
If you nevertheless signed a loan agreement, but then suddenly changed your mind and changed your mind, you still have the opportunity to refuse the loan. The loan agreement is subject to the rules of Article 807 of the Civil Code, which refers to the loan agreement. This reference is established by Article 819 of the Civil Code on the loan agreement. Article 807 of the Civil Code of the Russian Federation establishes that the corresponding agreement is considered concluded from the moment the money is transferred. Thus, if you have signed a loan agreement, then the corresponding obligations will not arise for you until you receive the money at the bank's cash desk or in another way. However, you should be more careful here. If the bank practices the issuance of a loan through the opening of a plastic card account and transfers money to it, then usually, together with the loan agreement, the client is allowed to sign all the corresponding additional agreements on the issue of the card and the transfer of funds to it, which will be a confirmation of the transfer of money. Consequently, from this moment the credit agreement will begin to operate.
Step 3
If you entered into a loan agreement and received money, but you had some events that changed your views on the need for such a loan, then the only legitimate way to refuse a loan is to fulfill your obligations ahead of schedule. In this case, you need to write an application to the bank for early full repayment of the loan, as well as prepare the required amount equal to the balance of the debt and the amount of interest accrued to it from the date of the last payment.
