Express lending has always been the most favorite service of financial organizations. After all, this is a sure way to make huge profits in a short period of time. The interest rate on such loans can reach 70%, which banks attribute to increased risk factors. Indeed, by issuing credit cards without income statements, a financial institution gives money in debt, without any guarantees from the return. Huge profit in this case provides a large number of loans issued in this way. It also eliminates the loss of the bank in cases of fraud.
Credit cards without information or guarantors
Today you can get a consumer express loan at almost any bank. In this case, you can get money both in cash (at the cash desk) and on a freshly printed card. To apply for credit cards without income statements, you must provide the financial institution with 2 documents, namely:
- Valid passport of the Russian Federation with mandatory registration in the immediate vicinity of the branch of the selected bank.
- Another document that can confirm the identity of the borrower.
By receiving credit cards without income statements, the client agrees to pay sometimes huge interest - up to 70% per annum, however, the terms of payments can be significantly relaxed by providing the financial institution with more information and guarantees. If you have only two documents, you can take a maximum of 500 thousand rubles for a very short time. And, although the laws of the Russian Federation stipulate that such loans can be obtained for a period of up to one and a half years, in most financial institutions it is rarely possible to exceed a six-month period.
List of documents and warranties
To obtain a consumer loan with milder conditions, you can provide the following documents and guarantees to a financial institution, in addition to the above:
- a certificate of employment from the place of work ;
- certificate of income for at least six months;
- surety;
- collateral object - usually it is real estate or cars
In the case of providing a full package of documents, including the signature of the guarantor and the collateral object in the form of real estate, the borrower can count on up to 10 million rubles for a period of up to 20 years. By issuing credit cards without income statements, he agrees with most conditions of a banking organization, including a high interest rate and, often, the impossibility of early
repayment of a loan. Thus, the borrower begins to overpay more than 50% of the direct cost of the purchased goods or services.
Today we can say with confidence that getting a credit card without information is the same as giving a hard-earned money to a bank. If it was already required to borrow, it is much more advisable to collect the most complete package of documents, find a guarantor and a collateral object. Only in this way you can take a loan, because then the conditions for obtaining it will be more beneficial to the client. Rates on such a loan will rarely exceed 15-20%, and the maximum amount can reach 10 million rubles.