Lending to individuals has become one of the most popular banking services. If you already have one loan, you can get another one in another bank with sufficient income.
Instructions
Step 1
Decide in which bath you want to take out a loan. First of all, pay attention to the one in which you have a salary account. They often provide special favorable conditions for corporate clients. Also watch for advertisements on television and in the print press. Banks periodically hold promotions to reduce interest rates on loans.
Step 2
Come to the branch of the selected bank with all the documents. When filling out the questionnaire, provide not only your passport details, place of work and income, but also information about your existing loan. Most likely, the second bank will be primarily interested in the size of your monthly payments, and not the term or the amount of the entire loan. Do not try to rip off the credit you have. Banks use the services of credit bureaus, which collect information about the obligations of citizens to banks. The data on already paid loans is also saved. Failure to inform the bank of your current payments can undermine your credibility as a potential borrower.
Step 3
If banks, for some reason, do not provide you with a second loan, try resorting to an on-lending program. In this case, you will receive from the second bank an amount sufficient to close the first loan, plus additional money for other needs. Interest on a new loan may be lower than on the old one, due to which on-lending becomes profitable. To apply for such a loan, in addition to your passport, income statement and a copy of your work book, you will need to present a loan agreement with the first bank, as well as a certificate from it about the remaining debt.
Step 4
Upon approval of your loan application, a portion of the money will be transferred directly to the account of another bank to close the first loan. You will receive the rest in cash or to another account. Thus, you will have only one current loan with an increased amount.
