Consumer loans are currently the most demanded banking product. This is due to the fact that the procedure for their issuance is quite simple, there is no need to provide a large package of documents, and sometimes security, and the money can be used at the discretion of the client.
Instructions
Step 1
In order to get a consumer loan, contact a bank. As a rule, all credit institutions provide lending services to the population. You will need to consult a loan officer regarding the conditions for granting a consumer loan: interest rate, loan term, security. Be sure to ask a bank representative about the availability of all commissions: when issuing a loan, for servicing a loan account, etc. If there are any, please note that the real cost of the loan will be higher.
Step 2
After you select the most acceptable credit terms, collect a package of documents. It is small for a consumer loan. As a rule, banks require a passport, work book, and income statement from a future client. If the loan is provided with collateral, then you will have to collect documents on the collateral or information about the guarantor. In some banks there is consumer lending without guarantors and certificates. Its undoubted advantage lies in the fact that you do not need to provide documents on income and employment. However, the rates for such a loan are quite high, so you will have to pay for the bank's risk associated with the issuance of such loans.
Step 3
As soon as you submit the necessary documents to the bank, the loan specialist will review the application. Please note that information about yourself must be indicated only reliable. Otherwise, the bank will be forced to refuse you. This is especially true of credit history. If you do not provide information about existing loans, the bank may regard this as concealing important information and reject your application.
Step 4
After making a positive decision to issue a loan, the loan officer will appoint you a time at which he will be ready to sign the loan agreement. To do this, you need to come along with a guarantor, if the loan is provided with collateral, carefully read the document and then sign. Pay attention to all footnotes and small print. Sometimes, at first glance, insignificant conditions can determine your further relationship with the bank.
