Credit organizations - banks are commercial structures, therefore, in the struggle for potential customers, they offer different credit conditions. The task of this potential client is to find a bank where the conditions would be the most favorable. When choosing, you should take into account many factors that will have a cumulative effect on the amount that you will have to overpay to the bank.
Instructions
Step 1
Of course, how much the loan will cost you depends largely on the value of the interest rate offered by the bank. To find out it, contact the bank branch or its website on the Internet. Traditionally low interest rates are offered by Sberbank, VTB24 Bank, UralSib, Petrocommerce, National Investment and Industrial Bank, Citibank. Carefully read the terms of lending, because, in the end, the real interest rate will not be equal to what appears in the advertising booklets of banks.
Step 2
What percentage will actually be offered to you depends not only on the refinancing rate set by the Central Bank of the Russian Federation, but also on your reliability and solvency, as well as the availability of additional insurance in case you cannot fulfill your obligations under the loan agreement …
Step 3
Your reliability and solvency is determined by the number of reference documents that the bank will need. The more there are, the lower percentage you can count on. In general, you may need a certificate of wages in the form of 2-NDFL, a certificate from the place of work confirming your work experience, passport, insurance certificate, driver's license. The bank reserves the right to verify the authenticity of the documents you submitted, as well as your credit history. The presence of delinquencies and debts, outstanding loans from other banks will lead to an increase in the interest rate or even to a refusal to provide a loan. In the event that you provide guarantors or secure the loan with collateral, the interest rate in most cases will be reduced. Although this is not the case at Sberbank.
Step 4
The interest rate, as a rule, will be increased even if you refuse to take out additional voluntary insurance. Its amount is also quite significant and can be 10-15% of the amount you want to borrow. The bank will simply include it in the loan amount, and you will actually owe more than originally calculated.
Step 5
Since today many enterprises pay wages to their employees on salary cards issued in banks, it makes sense for you to inquire about the conditions for such clients in the credit institution on whose card you receive earnings. In this case, the interest rate, as a rule, will be the lowest possible. But taking into account today's realities and all of the above, you can be considered good luck if you are given a loan at 20% per annum.
