Currently, consumer lending is one of the most popular banking services for the Russian population. In order to reduce their own expenses, a number of borrowers are looking for bank programs in which the lowest interest on the loan can be offered.
Any customer request is considered by the bank individually. In this case, the creditor evaluates everything: a person’s age, labor activity, marital status, income, the presence of a vehicle or property in his property, existing debts, etc. All this is called scoring.
We will figure out which bank has the smallest interest.
What does credit interest depend on?
The loan interest is determined by the influence of many conditions, for the most part it depends on the amount requested by the client and the time of return, on the availability of a guarantor or collateral. If the latter are available, then the rate will decrease, and the first two points will directly increase it.
How to choose a bank with the most favorable interest rates? First you need to understand exactly what amount is required and for what time period. If a client needs a small loan, from one hundred to one hundred and fifty thousand rubles, then almost every bank can issue it without problems. It will only be necessary to confirm your income using a certificate in the form of 2-personal income tax.
Which bank gives the smallest percentage is interesting to many.
Additional documents
If the amount in the region of five hundred thousand rubles is required, then the client will need a copy of his work book and a number of additional documentation: it can be SNILS, passport, TIN, PTS, etc.
When a person expects a large loan of five hundred thousand rubles or more, he must provide the bank with collateral in the form of a pledge of a car or real estate or by attracting a guarantor. If such conditions are not met, then the organization will immediately refuse the client.
It is important to find out in advance which bank has the smallest interest.
Bank Offers
As soon as a person determines the amount of money he needs, he must study all the banking companies available in the city. This is done quite simply, you just need to drive in a search line of any browser a request for loans in banks of a city. From the first links it will become clear which companies are nearby, as well as what are the conditions they have proposed.
In addition, you can try to apply to the following banks:
- “Renaissance Credit” - from 18.9% per annum;
- "East" - from 15;
- “Tinkoff” - for fifty-five days - 0%;
- Alfa Bank - also 0%, but for sixty days;
- “OTP Bank” - from 14.9;
- “UBRD” - from 15;
- “SKB-Bank” - from 19.9;
- Sevkombank - from 12.
A consumer loan is best taken at the following organizations.
East Express Bank
It is worth contacting those customers who want to receive a large amount by providing their property as collateral. The maximum loan amount can be up to fifteen million, the beginning of the interest rate - from ten per year. You can draw up a contract for up to twenty years. In this case, confirmation of your income without taking into account commissions is necessary.
Sovcombank
It has a rate of twelve percent per annum, the most advantageous offer is "Money", intended for pensioners. Here they can approve no more than one hundred thousand rubles. Refunds must be made within one year. Determining which bank has the lowest interest rates can be difficult.
For offers with a guarantee at Sberbank of Russia, the rate starts from 12.9 percent per annum. The client can borrow money in the amount of up to three million rubles, while the maximum lending period is no more than five years.
For certain categories of customers, including state employees, interest rates from the Bank of Moscow are offered, starting at 15.9 per year. Large amounts within one and a half million are approved up to sixty months.
“VTB 24” has the opportunity to get a loan under the name “Quick”, fifteen percent a year, the maximum amount is up to one million rubles. Lending is carried out for a period of six months to three years, the smallest amount is equal to one hundred thousand. Which bank has the smallest percentage of the loan, the question is not idle.
Loan without collateral and guarantee
Without guarantors and collateral, a loan can be issued:
- in the Renaissance Credit;
- in the "Russian Standard";
- at Alfa Bank;
- at UBRIR;
- at OTP Bank;
- at the Orient Express Bank.
It is most beneficial to take credit cards at the following banks:
- Sberbank - from 25.9 percent per year;
- “VTB 24” - from 28 percent;
- “Russian Standard” - from thirty-six percent.
If a client has a spoiled credit history or does not have official employment, which can be confirmed with the help of certificates, then you should choose options for obtaining loans in such companies that work remotely via the Internet. Such organizations include Touch Bank, Tinkoff Bank, Interactive Bank, etc., which send credit cards by mail.
In addition, there is also the possibility of seeking help from microfinance organizations.
Next, find out the smallest percentage of mortgages in which bank.
Profitable Mortgage
The most profitable mortgages are offered at banks such as:
- "Sberbank of Russia";
- "VTB 24";
- "ICD";
- "Absolut Bank";
- Loko-Bank.
Other organizations offer higher rates. However, this does not mean at all that taking a mortgage in them is unprofitable. The fact is that there are a large number of important factors. So, interest can act as bait, and after signing the agreement, it will be necessary to pay additional fees and commissions.
Which bank has the smallest loan interest, we determined. What's next?
Ways to reduce loan interest
There are a number of conditions through which customers can receive more advantageous offers:
- the presence of property on bail;
- salary or other card of the bank where the loan is issued;
- the presence of a good credit history;
- income statement with the receipt of large amounts over time.
Banking sites are constantly updating information, including also interest on the loan. If today they are low, then tomorrow they can grow, so you need to keep an eye on the relevance of information on the websites of banks of interest to the client.
Not everyone knows which bank has the lowest mortgage interest.
Refinancing
Recently, many borrowers have become interested in the issue of refinancing loans. This is due to the fact that either the loan was taken on not the most favorable conditions, or the borrower has now changed the financial situation. In this case, it is possible to refinance a loan.
Here are five of the best banks where you can refinance:
- VTB Bank of Moscow. It is a state bank, and therefore has very favorable credit rates. In addition, it offers the best conditions and small percentages not only to representatives of the public sector, but also to clients of other organizations that work in various fields. Which bank has the lowest percentage of refinancing, they ask quite often.
- Some of the best conditions for refinancing are noted in Alfa-Bank . This credit institution is accelerating development, and it seeks to get more customers, and therefore offers good conditions for refinancing. It is worth noting that the minimum rate here starts at 11.99 percent per annum.
- A favorable loan program for Muscovites is available at Interprombank . Moscow residents from eighteen to seventy-five years of age can leave a request. Thus, the program extends, including to pensioners.
- Tinkoff Bank currently has a unique program, which is not found in any other Russian bank. Its essence lies in the fact that when you draw up a card here and approve the required limit, you can completely repay the debt in another organization with a given amount (microloan, credit or credit card). The undoubted advantage is that interest on the repayment of debt to another bank will not be accrued for four months.
- SKB Bank provides refinancing for all clients with a positive credit history, including also pensioners. The advantage lies in the possibility of attracting a co-borrower, due to which the credit limit increases.
We found out which bank has the smallest interest.