Where is better to take a loan
From the place of application for a loan depends largely on the conditions of its use. Loans are issued in banks, microfinance organizations, in specialized credit unions and cooperatives, in a pawnshop, directly at a store, at a car dealership and other trade and services organization, either by mail or on the Internet.
Where better to get a loan? What is the most profitable source of credit resources? Even banks are very different terms of the loan, what to say about the other organizations. We briefly give a description of each organization, we will give some useful tips, and you should make the decision on choosing a profitable offer yourself.
Microloans on microclass
Microloans are issued instantly. By contacting a microfinance organization, having only a passport, you can exit in a quarter of an hour with the necessary amount of cash. To get a loan, fill out a form, make a copy of a passport, undergo a personal interview and check a contact phone.
After that, the loan agreement is signed, a one-time fee for the provision of the loan is paid (the amount is 5-20% of the loan amount). There are several “but” in this option: the amount of credit is scanty (several tens of thousands of rubles), you need to return for 1-6 months, large interest - 50-1000% per annum.
Specialized cooperatives of citizens
Quickly issue money in credit unions and cooperatives. Here you will need a surety - an individual who is ready to guarantee the return of the requested obligations. From the documents you need a passport and another document proving the identity of the potential borrower. The loan period is small, does not exceed a year, the amount is rarely more than 100-200 thousand rubles.
Some credit cooperatives accept cars or real estate as collateral, which slows down the loan application process, but increases the available amount and the repayment period. There is an individual repayment schedule, which is developed in accordance with your wishes.
You can make payments twice a month, monthly, once a quarter or immediately at the end of the loan term. The amount of interest is about 15-100% per annum.Do not forget about the additional fees for issuing a loan and membership in a cooperative.
Passed the thing - get the money
In a pawnshop, the loan amount depends on the value of the mortgaged property. Pawn shops take gold and precious jewelry, antiques, cars, home appliances and electronics. The pledge, together with the title documents, is located on the territory of the pawnshop until a full refund of the amount taken. To repurchase the property, it is necessary to pay the debt obligations at a time, taking into account the interest earned during the borrowing period. Interest is calculated daily and reach 35-700% per annum.
The repayment period is unlimited, although in some pawnshops after a few months the property is put up for sale.Disadvantages: the ability to lose property, high interest, a small loan amount due to the low collateral value.
You can not pay at the checkout - make out a loan
Shops and shopping centers provide an opportunity to enter into a loan agreement to pay for a purchase right on the trading floor. Partner banks, whose representatives work on the territory of stores, are selected according to the principle that the sooner the better.As you know, for the speed when making a loan you have to pay a higher rate. The loan is issued for 3-24 months.
With a high interest rate, in the range of 40-100% per annum, the bank compensates for its own risks, issuing borrowed funds without proper verification and on the minimum set of documents. But monthly payments are scanty and payment for goods, for example, a toaster, is postponed for later, and you can use it right away.
The client does not receive the money on hand - they are credited to the store account, and the borrower remains with the loan agreement and the selected item.