Nowadays, lending has become practically a “rhythm of life” and a part of our everyday life. Often, even to pay for a daily purchase in a store, we use borrowed money. Applying for a loan in a bank has now become an easy procedure, but it is still worth paying a few minutes attention to the main stages of this process.
It is necessary
- - loan agreement;
- - pledge agreement;
- - application form for a loan.
Instructions
Step 1
Select the desired purchase or decide on an important event for which you need additional funds. Depending on the purpose for which you will need a loan, you will be able to determine the loan product that various banks will offer you. Do not forget that now you can apply for a loan for almost everything: a car, an apartment, a new fur coat, a wedding of a loved one, a trip with friends, the birth of a child, opening your own business and much more.
Step 2
Consult with bank employees on loan products. Specify all possible options for obtaining a loan, the parameters of the transaction, the package of documents for registration, the price of the loan and the schedule for its repayment. Any department of the bank will prompt you the most optimal and best conditions for you. It is recommended to find out the terms of lending in several banks, in order to then choose the most suitable.
Step 3
Collect the necessary package of documents in order to apply for a loan. Usually this is a standard package of documents: a passport, an identification code and a certificate from the main place of work about average earnings. But if you are applying for a mortgage loan, for example, for the purchase of a car, apartment or land plot, then you will need additional documents regarding the object of the mortgage. When applying for a loan with guarantors, a full package of documents is also required from each of your guarantors.
Step 4
Submit a loan application form. A complete package of documents corresponding to the parameters of the loan must be attached to the application form. If you take a loan secured, then you need to make an expert assessment of the collateral. Usually, an expert assessment is done by appraisal companies accredited by the bank or by the bank's employees themselves. Further, your loan application is reviewed by the legal department and the security service within 1-5 days, depending on the type of loan you want. After making a positive decision on the feasibility of issuing a loan, it is necessary to proceed with the procedure for signing a loan agreement.
Step 5
Make a loan agreement. If you receive a loan secured by collateral, then you must additionally draw up a pledge agreement, as well as an insurance agreement for the pledged property. Then you need to go to the most desired stage - getting money. Loan funds can be issued in cash, by crediting to a current account or to a plastic card.
