For any creditor bank, the key factor in providing a loan is the borrower's solvency and his ability to repay the borrowed funds. In the case of the unemployed, the bank bears increased risks of default.
Features of obtaining loans by the unemployed
In Russia, the unemployed include those citizens who really do not have a job, as well as those who work unofficially. In the latter case, citizens have a permanent income, but they cannot document it. These are, for example, freelancers, tutors, nannies, governesses, etc.
But for them, banks offer credit programs that allow you to get borrowed funds without income certificates and documents confirming work experience. Compared to classic lending, such programs provide for higher rates, which are designed to compensate for the high risks of banks. Also, loans under such programs are issued for a limited period (up to 1-2 years). Interest rates on such loans reach 50-60% per year.
Non-working citizens can get a loan secured by property. To do this, they must own liquid collateral - real estate, a car, securities, etc. Collateral can significantly increase the available loan amount and get a loan for a longer period. Banks often allow for indirect confirmation of the borrower's income. These are, for example, the presence of a deposit, shares, a passport with a mark about leaving the country, PTS, etc. With this option, you can count on a more acceptable interest rate of 12-20% per annum and longer periods of up to 5 years.
If there is no collateral, then you can attract guarantors who will bear full financial responsibility for non-payment of the loan by the borrower.
A good credit history is an important factor that influences the approval of a loan. The presence of delinquencies in the past, as well as the absence of a credit history, will serve as a negative moment when issuing a loan. It will be even more difficult for such citizens to obtain a loan.
Unemployed people can apply for loans from pawnshops and microfinance organizations. True, the interest rate on such loans will be higher than in banks. At the same time, the loan amount is usually minimal.
Which banks provide loans without an official place of work
There are a lot of banks that offer loans without an official place of work. The choice of the best offer can be based on the most acceptable interest rate, as well as on the availability of a program suitable for all parameters.
In "Sovcombank" without income certificates, you can take out a "Money" loan in the amount of up to 50 thousand rubles. for half a year. The interest rate is 12%. If you have a Vehicle Registration Certificate in the bank, you can take a large amount - up to 1 million rubles. with a rate of 12, 9% for up to 5 years.
In the bank "Renaissance Credit" the unemployed can receive up to 500 thousand rubles. for up to 3 years. The interest rate ranges from 19.9 to 69.9%.
In Home Credit and Finance Bank, a borrower can get a Big Money 500 loan with an amount of up to 500 thousand rubles. for up to 5 years. This will also require TCP as an additional document.
In the "Eastern Express Bank" there is a target loan "Eurorepair Cash". It allows you to get a limit of 500 thousand rubles, which can be removed as needed. The rate on such a loan is up to 27%.
In "Rosgosstrakh Bank" on the loan "Your conditions" you can count on a loan of up to 300 thousand rubles. with a rate of 27%. This will require a passport or documents of ownership of assets or PTS.
Quite a few loan programs allow you to take a car loan. With this type of lending, the car remains pledged by the bank, so credit institutions are quite willing to issue such loans. Among them are VTB 24, UralSib, Raiffeisenbank, Gazprombank, Avangard.
