Not all citizens can confirm their official income today. Some work part-time from time to time, while others do not have high income in a formal workplace. But even they will take a cash loan without certificates, an urgent loan can be obtained without providing a bank statement of income. Credit and financial organizations have introduced the most simplified procedure, which allows obtaining loans after providing a minimum of documents.
The demand for loan products is fully satisfied by a variety of loan programs. They differ from each other in the amounts and terms of the loan, as well as in interest rates and a package of documents.
What is an express loan loan
Term loan is a banking service for the provision of funds that can be spent for any purpose. The peculiarity of the loan is the fast consideration of the application and the issuance of money in the shortest possible time. When contacting the bank, the borrower must provide a minimum package of papers.
Urgent lending service is risky, so banks lend money at high interest rates for a short period. The loan amount is limited, in the event of delays, a penalty is charged. The borrower may be fined for non-compliance with the contract.
A cash loan without certificates is presented in the following forms:
· Urgent target loan;
· Cash loan.
In the first case, you can apply for a loan when buying goods in stores. Loans issued at retail outlets are called POS loans. POS stands for "Point of Sale", which means "point of sale" in English. Today, with their help, it is easy to purchase not only household appliances, but also furniture, building materials, and clothing.
Banks often enter into partnerships with large merchants. Representatives of financial institutions can be found in car dealerships and jewelry stores.
When applying for a loan at a retail outlet, the buyer does not receive cash in hand. After processing the application, the bank pays for the goods to the store, and the borrower then returns the money to the organization.
The procedure for obtaining a trade credit is as follows:
1. The buyer chooses a product from the assortment.
2. At the "credit counter" in the store, he draws up an application for the issuance of money according to his passport and according to any second document, for example, SNILS or foreign passport.
3. The application is sent to the bank, within 15 minutes the answer is received. If the loan is approved, the buyer signs the documents.
4. The bank makes payment for the goods. The buyer receives his goods. He will repay the loan in accordance with the payment schedule. This can be done at the bank's cash desk, or in another way.
Borrowers with a good credit history, as well as those citizens who receive a salary on the card of this bank or have a deposit in it, can reduce interest rates. By issuing loans to such clients, banks risk less, so discounts of 1-5% can be obtained quite easily.
Express loans have the following features:
1. Very fast clearance. The bank makes a decision in a quarter of an hour thanks to the scoring method, which allows you to quickly carry out a simplified analysis of the application.
2. To obtain a loan, a passport and any other document is required. It can be a driver's license, SNILS, international passport, military ID. The borrower can provide a TIN, passport or pension certificate.
You can get an express loan in cash at a bank branch, most willingly banks approve loans to citizens over 21 years old. The borrower needs to study the offers of different banks, find a program with the most suitable loan rates.
The registration will take about an hour. An online application will help speed up the procedure. With its help, you can transfer information from home to the bank. To do this, on the organization's website, you must enter data in the fields of the questionnaire. It will take several minutes to process the application, after which the borrower will find out whether he will be given a loan.
Express loan is issued without guarantors. A deposit and a 2-NDFL certificate will not be required. But there is also a negative point - these are high interest rates! This is how the bank compensates for the high risks. They are connected with the fact that very little is known about the solvency of the borrower of the financial institution.
Conclusion
A cash loan without certificates will be issued very quickly, but you need to take into account the high rates. The borrower can count on small amounts not exceeding 200 thousand rubles. It is important to avoid delays, the payment schedule will help you navigate.
