A person who does not have an official place of work, banks do not give loans. However, those people who work remotely or get paid in envelopes also fall into the category of unemployed. Both the first and second can not document their own incomes, despite the fact that they have them. In this regard, banks quite often lend to unemployed citizens.
Do they give loans to the unemployed?
In theory, a bank can issue loans to people who have reached the age of eighteen years, but who have no work experience or are on the list of unemployed. In practice, it turns out that banks try not to work with this category of citizens or issue loans, but on special conditions in order to reduce their own risks.
Loans to the unemployed without a guarantor and certificates can be issued by many banks of the Russian Federation. Moreover, the absence of such documentation does not guarantee that the bank will not check how the client will pay off the debt. Almost all such loan programs offered by banks are designed for unemployed people who have a source of income but are not able to confirm it. In this case, a loan is issued to the unemployed according to the passport with filling out the questionnaire and indicating the phone number by which the bank employee can verify the accuracy of the information provided.
Today, finding information about which banks give loans to the unemployed is easy. Financial institutions can issue loans to the unemployed in Moscow, even if it is impossible to confirm the availability of income - in this case, the interest rate will be higher so that the bank can cover the risks.
If an unemployed person previously issued a loan and paid it on time, then he is likely to get a new one in the same bank in which he took a loan earlier. Loans to unemployed with poor credit history can only be obtained from microfinance organizations.
Making a loan without formal employment
A loan to unemployed in Moscow can be issued on certain conditions, and at least one of them must be observed.
Small amount
Most banks quietly issue loans in small amounts. At the same time, credit organizations are guided by the fact that it will be easier to pay such small amounts to the client. Accordingly, the question of whether a loan is given to the unemployed can be answered in the affirmative, but with one limitation: it is highly likely that this type of lending will be offered to clients without official employment. However, small loans are issued not only by banks, but also microfinance organizations: they can give out loans to the unemployed by passport without providing other documents.
Collateral
If we talk about how to get a loan to the unemployed, then it is worth mentioning loans secured by property. Any property held by an unemployed person can act as a pledge. Banks are eager to issue such loans, since all possible risks are reduced due to the borrower's collateral. If the debtor cannot fulfill his obligations to the bank, then all of his property will be collected in favor of the credit institution.
Reliable guarantor
Sberbank loans can be issued to unemployed if a reliable and solvent guarantee is provided. If the debtor cannot cope with the repayment of the loan, then all of his obligations are transferred to the guarantor. Despite the fact that the guarantee is one of the conditions of lending, it is extremely difficult to find someone who agrees to burden themselves with credit.
Credit cards
Speaking about how to get a loan to the unemployed, it is worth mentioning credit cards - the procedure for obtaining them is much simpler and faster than cash. However, credit cards have one drawback: withdrawing funds from them is accompanied by a fee. On average, it is 3%.
Promising business plan
Without formal employment, a person can plan the opening of his own business. The implementation of a large business project almost always requires the attraction of large funds. A bank can issue credit funds to a client only if he receives a competent business plan.
Which banks give loans to the unemployed?
The bank is likely to get a loan to a borrower with a good credit history. For this reason, it is usually advised to contact the banks with which the unemployed citizen has previously worked.
It is several times more difficult for a potential borrower without employment and with a bad credit history or its complete absence to get a loan. In such a situation, express lending offered by different banks would be the best solution.
Today, many credit organizations offer non-working affordable loans. Which banks give loans to the unemployed?
- Rusfinance Bank.
- Russian standard.
- Alfa Bank.
- Bank Renaissance.
For those who are trying to get a loan and looking for suitable offers, it is advisable to look through the lists of which banks give loans to the unemployed in advance. Studying all the loan programs offered by such organizations will help you to choose a suitable loan in advance and apply for it.
Microfinance
Unemployed people can get a loan from microfinance organizations - financial institutions that operate under licenses issued by the CBR. The only drawback may be the small amount that can be obtained in MFIs - not more than 50 thousand rubles.
Citizens who do not have official employment can easily use this service. Microfinance organizations do not require any additional documentation - only a passport and, in rare cases, a second identification document.
The disadvantages of this type of lending are a high interest rate and short repayment periods. For an unemployed person, obtaining a loan with an interest rate of 700% on average is unprofitable.
Credit brokers
These are companies or individuals offering assistance in obtaining a loan. The advantage of such a company is that it is engaged in almost all registration and can simultaneously work with a dozen banks, while it is difficult for an ordinary person to do this.
Brokers working with different organizations can immediately determine which banks give loans to the unemployed, and which ones refuse. Depending on the chosen loan program, the interest rate and the size of the loan may vary, however, brokers work for a fixed percentage - from 1 to 10% of the loan amount.
Private financing
A citizen without formal employment can obtain a loan from individuals, but this option is the most extreme. Funds are taken from private lenders against a debt receipt, in which the borrower agrees to return the amount taken within a certain period and with the established interest. Such a document has legal force and if the debtor refuses to return the money, then they can be recovered from it in court.
Despite the fact that private financing for unemployed people often becomes a salvation, you should not turn to it. It is highly likely that interest rates on such private loans will be too high.
Loan to unemployed
Express lending is one of the ways to get money without a guarantee, collateral and additional documents. Banks, issuing such loans, are at great risk, because the loan may not be returned to them. Accordingly, such a loan is made out on trust: the bank assumes further cooperation with the client and shows its respect. The borrower, in turn, undertakes to repay the loan in a timely manner, avoiding delays.
Before applying for a loan, potential borrowers are usually advised to calculate their own chances of receiving money from the bank without providing a statement of income. To this end, you can simultaneously fill out several applications to different banks: it is likely that one of them will receive a profitable offer.
Cooperation with the bank on an ongoing basis allows a credit institution to reduce customer requirements, since at the same time risks are reduced. Accordingly, this provokes a decrease in the interest rate.
How to get a loan under the express loan program?
Express credit is issued by banks according to the minimum package of documents. Mandatory require only two documents - a passport and any other at the discretion of the client, identification. It can be anything - a driver’s license, TIN, passport, insurance certificate and others.
Loans are issued as soon as possible. During the decision, the bank analyzes:
- Credit history of the borrower. It is desirable that it be positive.
- Answers given during a credit interview. The answers given by the borrower must coincide with the information indicated in the questionnaire and be true.
- Contacts that were provided to the bank, including information received from the employer, if any.
Express lending is one of the most profitable and fastest ways to get money. Since the topic of obtaining money and the possibility of obtaining a loan to the unemployed is one of the most relevant, such credit programs are popular, which is very beneficial for banks.
Unemployed citizens can get a loan, but applying for it will require considerable effort and time. First, it is advisable to contact all the banks of the city and try to get a loan from them: other methods of obtaining funds are very risky and can only worsen the financial situation of the borrower.
The lack of an official place of employment is not a ban on obtaining funds on credit. The main thing is to find a suitable banking institution or choose the best method of lending in order to get the necessary amount.