One of the most convenient and affordable ways to find the missing funds for urgent needs is to apply for a loan in one of the Russian credit organizations. To determine in which bank it is better to take a consumer loan, it is necessary to take into account many indicators - from the conditions of registration and repayment to the maximum amount of a credit line and interest rate.
Defining Selection Options
In the process of selecting the best loan offer, the future borrower must evaluate the consequences of signing an agreement with the bank, overpayment of interest, the possibility of early repayment, the availability of bank terminals for depositing funds, requirements for collateral, etc. In addition to the conditions for obtaining borrowed funds, it is necessary to take into account the requirements which put forward various credit institutions to the candidacy of the borrower. Thus, the process of selecting a profitable loan requires careful study by the future borrower.
Almost all major banks in their portfolio of services have consumer lending programs. The conditions of fierce competition force lenders to constantly improve loan products that take into account the interests of clients to the maximum. On the other hand, the bank wants to have guarantees for the repayment of the debt with interest on time and in full.
As a result, among the offers of banks there are both standard loans and special conditions for certain categories of citizens, whose reputation as a payer is impeccable, and the risk of default is minimal.
Before proceeding with the choice, a person must determine the range of issues related to lending:
- Purpose of the loan (non-targeted/auto loan/mortgage).
- Possible repayment dates.
- Possibilities of using collateral.
- The presence of people who are ready to vouch for the payer.
Based on the answers to these questions, loan programs are selected from among those currently in force.
in which bank you can quickly get a loan
When determining which bank is more profitable to take a loan, you should pay attention to organizations that are more familiar to the client. Most likely to get the most advantageous offer in those credit institutions with which the client is associated with other ways of cooperation. For example, if a client has a deposit in this bank or a salary card issued, the candidate is considered reliable and has a greater chance of receiving large amounts at lower interest rates. Preferential conditions the bank can offer if the borrower resorts to the help of the bank not for the first time.
If the conditions of the bank with which the client has already cooperated are not satisfactory, or there are no such credit institutions, you should pay attention to consumer loans with standard conditions.
Among the many loan products, it is recommended to pay attention to banks that provide the most flexible conditions. For example, the repayment period does not have a strictly fixed duration, but is provided depending on the needs of the borrower. For a consumer loan, the optimal term is up to 5 years. This makes it possible to choose a term based on the payment abilities of the client.
The benefit of a bank offer primarily depends on the total cost of the loan. A similar parameter was introduced relatively recently and allows you to clearly show how profitable it will be to conclude an agreement with a bank.
The full cost of the loan includes all payments, commissions, allowances, rates that the payer must inevitably make in the process of repaying the loan. The full cost is calculated, like the basic rate, as a percentage of the principal amount of the debt.
Parameters taken into account in the total cost include:
- The amount of funds transferred to the client (principal debt).
- Interest overpayment - the amount that is paid for the services of the bank.
- Commission for accepting an application for consideration and issuing funds.
- Commission for servicing an account or card.
- Related costs (notarization of documents, independent appraisal, etc.)
- Registration of insurance.
All loan costs are summed up and presented on an annualized basis as the final interest on the loan.
In addition to the parameters of the loan and the terms of registration, it is of paramount importance what chances a citizen has when applying to a bank. As a rule, each bank has its own specifics of work, a special focus, on the basis of which the client base of the organization is determined.
The standard conditions for borrowers in most cases are as follows:
- Russian citizenship. The vast majority of lenders prefer to deal with Russians, but there are also organizations that provide loans to citizens of foreign countries;
- having permanent residency. Many lenders only issue loans if the client has a permanent residence permit;
- age requirements. The borrower most often can be a person over 21 years old, however, some banks issue loans for people who have barely reached the age of majority. The range of age requirements is from 18 to 65 years;
- the maximum age of the borrower in most cases is limited to the onset of retirement age, however, there are many offers for pensioners aged 70-85;
- permanent job. The main indicator of the client's solvency is the presence of a stable working income. The Bank will consider criteria for total seniority and length of service in last place.
A consumer loan can be obtained for a variety of purposes, but most often the offers of banks cover the following forms of loans:
- Purchase of expensive goods in installments.
- Use of cards with borrowed funds for a certain amount.
- Personal offers.
- Overdraft.
- Express issuance of loans.
There are loans that are issued with and without security. Property objects (real estate, cars) can be used as collateral, guarantors and other methods of providing guarantees are also involved.
List of popular consumer loans in 2017
To understand which bank is better to take a cash loan in 2017, you can use the summary table of current consumer lending offers.
| Bank | Program | Amount, rub. | Maturity, max | Minimum rate, % |
| Renaissance | Cash loan | 700 thousand | 60 months | 12,9 |
| VTB 24 | Cash | 3 million | 60 months | 14,9 |
| Post Bank | First Postal | 1 million | 60 months | 12,9 |
| Eastern Bank | Seasonal | 15 million | 240 months | 15,0 |
| Sovcombank | Cash | 100 000 | 12 months | 12,0 |
| Cash on 2-personal income tax | 1.5 million | 60 months | 12,9 | |
| Home Credit | Cash with proof of income | 850 thousand | 84 months | 14,9 |
| Binbank | Cash with proof of income | 2 million | 84 months | 14,99 |
| RusFinanceBank | Consumer | 500 thousand | 24 months | 8,0 |
| Tinkoff | Platinum without references | 300 thousand | 36 months | 15,0 |
The data in the table is information about standard conditions, however, each of the organizations can offer an individual solution at the request of the borrower, clearly convincing which bank it is profitable to take a cash loan.
Collateral is a measure that guarantees the repayment of a debt with interest, even if the borrower fails to repay the loan. The most common case is collateral in the form of collateral (real estate, vehicles, valuables, deposits, etc.).
There are other ways to give the bank a guarantee that all financial obligations under the loan agreement will be fulfilled:
- guarantee;
- penalty.
The lender offers to use the consumer lending program with collateral on the following terms:
- The maximum term is 5 years.
- The maximum amount is 1 million rubles.
- The age of the borrower is 21-65 years.
- Having a stable income.
- If the loan is issued for 1 year, the rate is 17.9%, if the repayment period is longer - 18.9%.
The Bank is considering the possibility of issuing collateral in the form of a guarantee of a legal entity or ordinary citizens or pledging the client's property.
Sberbank offers especially favorable lending options, where you can take a loan “under guarantee”.
You can get a loan at 14.9% per annum, however, it is possible to provide a promotional discount with a rate of 12.9%.
General conditions for issuing a loan under surety:
- The maximum term is 5 years.
- Credit line - no more than 5 million rubles.
- Application is possible with a passport and documents confirming income.
- A guarantee is issued for 1-2 guarantors. Parents can become guarantors for persons under 20 years of age.
RosEvroBank
RosEvroBank's package of proposals includes a “Loan for everything with collateral”. Regular customers can expect to receive 2 million rubles, while the standard limit is 750 thousand rubles.
The interest rate on a secured loan is 5% lower than the regular offer. If the client connects a special protection program, the final rate is up to 18% per annum.
The guarantee is:
- client's property in the form of a vehicle worth up to 600 thousand rubles and issued no more than 3 years ago;
- a guarantor from individuals with a stable income (a loan for 1 million rubles is issued only with the guarantee of a spouse);
- bills of the creditor bank.
Without collateral
Considering which bank a borrower can take out a loan in a matter of days, they study offers of loans with a simplified design. The collateral provides the bank with increased security measures, guaranteeing the return of the entire amount of the debt, even if the borrower cannot or refuses to repay the loan. This allows you to get the most favorable conditions for a consumer loan.
Loans without collateral are considered by the bank as risky transactions, which forces them to increase the interest rate.
Offers without collateral differ in less favorable conditions, but do not require the involvement of third parties, as well as the transfer of property as a pledge. This option should be chosen by clients who do not have housing, cars, or other valuables, since there is no other option for obtaining a consumer loan.
The bank offers to quickly take a loan "Open Market" up to 750 thousand rubles at 14.9% per annum. The loan repayment period is no more than 5 years, and guarantors and other security options are not required for registration.
The largest bank allows you to get a loan without additional security.
Loan terms:
- The maximum amount is up to 5 million rubles.
- Additional discounts for customers who have salary cards, as well as receive pensions on bank cards.
- The loan rate is 13.9-15.9% per annum (depending on the maturity date).
- Repayment - within 5 years.
This bank offers to issue a non-purpose loan in rubles or dollars.
An amount ranging from 50 thousand to 3 million rubles can be issued at 19% per annum, and the loan term is a record 15 years.
Since most consumer loans are issued for a period of no more than 5 years, MKB's offer is unique.
If the borrower needs an amount within 1.5 million rubles, no documents will be required in addition to a passport; additional documents will need to be prepared for a larger loan.
The loan is issued for a maximum of 1.5 million rubles on conditions.
