POS lending is a lending technology aimed at providing loans for goods directly at retail outlets. This type of consumer lending is highly profitable, which determines the high interest of banks in the development of this lending area.
Literal interpretation of the abbreviation pos (from the English "point of sales") - point of sale. In essence, POS loans are express loans or mini-loans, which are issued by a bank representative or a seller directly in the store.
For banks, such loans are less risky than, for example, non-targeted cash loans or credit cards. Therefore, the percentage of "approved" such loans is higher. According to Expert RA, in 2012 the portfolio of unsecured loans amounted to 4.1 trillion rubles, which is more than the mortgage portfolio of banks.
Advantages and disadvantages of POS lending
Among the advantages of POS lending:
- the ability to instantly buy the thing you like;
- protection against inflation and depreciation of funds;
- such purchases cause less damage to the family budget, since the amount is paid in installments;
- the opportunity to get a loan for citizens with a bad credit history;
- often special promotions are arranged for borrowers, allowing them to buy goods at a reduced price.
Main disadvantages:
- lending rates range from 25 to 50%, sometimes - up to 75%
Market experts explain that under the guise of an interest-free consumer loan, in fact, there is a loan for the purchase of goods at an inflated price.
- rates on POS loans are higher than classic consumer loans;
- impulsiveness of purchases - the likelihood of buying a product at a higher price than in another store;
How to get a POS loan
The decision on the loan is made as quickly as possible (up to 30 minutes), the package of documents is required minimum. However, it has higher interest rates (over 30%).
The loan issuance system is as simple as possible.
The requirements for the borrower are extremely loyal. A POS loan is issued to any citizen who has reached the age of 18. Often, confirmation of the borrower's income is not required - only a passport is among the requested documents.
The maximum loan amount in most cases is small and does not exceed 50-80 thousand rubles. Such loans are issued for a period of 3 months. up to 3 years, on average - for a year.
As a rule, in outlets it is possible to choose between the offers of several banks. Among the banks that are actively working in the POS lending market are Alfa-Bank, Rusfinance, Russian Standard, OTP Bank, Home Credit.
If the borrower has the opportunity to confirm his income and provide a 2-NDFL certificate, then it is better to take not a POS loan, but a regular consumer loan.
