Where can I get a loan quickly? This is a common question. Let's take a closer look. Lending is one of the most sought-after services offered by most financial institutions throughout Russia. Loans bring great profit to lenders, and also give customers the opportunity to fulfill their dreams, for example, buy a car, apartment, make a trip or make repairs. In this case, you do not have to wait long and save, but get a loan and purchase everything you need. Debt repayment occurs gradually, therefore minimally harms the family budget.
It also happens that unforeseen situations arise that require the immediate investment of a large amount of money. Means are urgently needed and it cannot wait. In this case, simple lending is not suitable, it is better to use this type of loan as a quick loan.
Benefits
Where you can quickly get a loan, many want to know. There are a great many loans: consumer, mortgage, automobile. Each type has its advantages and disadvantages. Quick loans are no exception. They have unconditional advantages, as well as cons, which you should be aware of before applying for such a loan.
The advantages of quick loans are the following:
- Fast and convenient application submission, as well as decision making and loan issuance. Most often, the issue is resolved immediately on the spot within a few hours.
- There is no need to collect a voluminous package of documents. Often it is enough to provide only a passport without additional documents.
- A positive decision is made in the vast majority of cases, and loans are issued even to those citizens who already have not the most positive credit history.
- The lender does not have any specific requirements for the client. Loans are issued without additional information from the place of work and the participation of guarantors.
- There is always the possibility of early repayment of debt, as well as extending the loan term.
Below we consider banks where you can quickly get a loan.
disadvantages
However, in addition to the advantages, there are also certain disadvantages, for example:
- Interest rates are very high. There are situations when the rate on a quick loan is several times higher than the interest on a consumer loan. Therefore, the overpayment for it will be significant, it can several times exceed the amount of debt itself.
- The loan amount for quick loans is small. This is associated with a high risk for the lender to lose the funds issued to the client.
- The period in which it is necessary to fully settle with the lender is usually very small and very different from a regular bank loan.
- If the loan is issued on a bank card, the client runs the risk of encountering very high fees for withdrawing cash through an ATM.
Features of quick lending
Where can I get a quick cash loan? Today, there are a great many financial organizations offering such services. These are banking institutions, and financial organizations, as well as companies that specialize specifically in microcredit. The quick loan process is not terrible or supernatural. If the client is not satisfied with the loan conditions in one institution, he can choose another.
It’s not worth contacting the first bank you get, it’s better to study the offers of several companies and choose the best option for the proposed conditions. Comparing various options for proposals from different financial institutions, you should certainly pay attention to the following nuances:
- Interest rate. At the same time, all additional fees and charges levied by the creditor should be taken into account.
- Some organizations charge a fee for reviewing the application, this issue also needs to be clarified, as well as the amount of the fee if available.
- Whether additional services are strictly required upon loan approval.
- It is imperative that the organization enables early full or partial repayment of the debt.
When you arrange a quick loan, it is better to give preference to a short loan term with a larger payment. At the same time, you should try to repay the debt as soon as possible so as not to overpay a large amount of interest.
It is difficult to analyze the financial offers market for quick loans on your own. Therefore, you can use one of the many ratings presented on the Internet. Below are some examples of where you can quickly get a loan.
OTP Bank
It offers the Express program for those who need to receive money as soon as possible. Requirements are made for the age of the borrower, he must be at least 21 years old, but not older than 65 years. The Bank issues large amounts immediately after considering the application. The loan limit is 75 thousand rubles, while the decision on the application is made within 15 minutes, and you can get the money on the same day. The loan is issued for a period of up to three years. The interest rate for this type of lending has been reduced and amounts to 14.9% per annum, which is a very small figure compared to other quick loans. Where else can I get a loan without failure quickly?
"Renaissance Credit"
It provides an opportunity to get a loan under very flexible conditions. The bank offers to use a loan product called "For Urgent Purpose". You can get from it from 30 to 100 thousand rubles for a period of up to five years. The interest rate for this program is not prohibitive and ranges from 15.9% to 29.1%. The application is considered by the bank in a few minutes, and you can get the approved amount within an hour after the decision. Where can I quickly get a credit on my card?
Sovcombank
Also offers quick lending services. A feature of this bank is the minimum age requirements of the client. There are even special lending programs for pensioners. The maximum allowable age of the borrower is 85 years. However, statistics show that loans are approved mainly to citizens whose age is over 35 years. Therefore, for persons younger than this age who wish to obtain a loan, it makes sense to apply to another financial institution. The maximum amount for a quick loan from Sovcombank is 40 thousand rubles and is issued for a period of up to 18 months. The interest rate is higher than in previous options, and ranges from 29 to 39% per year. Where can I quickly get a loan without inquiries?
Ural Bank for Reconstruction and Development
Gives loans without providing additional income statements. The loan product “Minute Business” allows you to get up to 200 thousand rubles. Moreover, the debt repayment period is up to 4 years. Consideration of the application takes 15 minutes. A significant drawback of this loan is the interest rate, it is 62%, which significantly exceeds any possible limits. However, subject to certain conditions, for example, repayment without delay within 6 months, can reduce the interest paid to 18%, and after a year to 13%.
Carmoney
Money is issued on the security of the car. This service is provided by the microfinance organization “Capital Mortgage House”. The maximum loan amount is one million rubles, and the repayment term reaches two years. The submitted application is considered within one day. Statistics show that the decision to grant a loan is made in less than half the cases. A loan involves the possibility of early repayment.
A loan is issued subject to a car pledge. The lender calculates the commission on an individual basis. Most often, this is about 7% of the amount every month. The owner of the car can use the vehicle for the entire period for which the loan is taken (provided that it is repaid without delay).
Where you can quickly get a loan is now clear. The policy of any bank is such that the more documents will be provided and the more thorough the audit is carried out, the more favorable will be the conditions for granting a loan. However, in the event of an unforeseen situation, when there is no time to collect information and wait for a decision, a quick loan is a way out of this situation.
It is important to choose the right bank, where you can get a loan quickly.
The risks
Fast lending is a highly risky enterprise for both a banking organization and the borrower himself. The Bank risks that it disburses funds without a thorough check of the client, which means that there is a possibility of losing the amount provided to the borrower. However, this factor is more than offset by inflated interest rates and additional commissions, which are persistently imposed by bank employees.
As for the borrower, he risks being in a debt hole by taking a quick loan at a high interest rate. Sometimes a spontaneous decision to get a loan is rash and leads to the fact that the client does not calculate its financial capabilities and ceases to pay on its obligations. Therefore, you should think carefully before applying for a quick loan, try to look for other solutions. Sometimes some re-borrow money, solve the problem in another way without applying for a loan.
We examined where you can quickly and without fail take a loan.