Lending to many Russians has become not only a way to gain financial independence as soon as possible, but also a way of life. When buying on credit everything from equipment to clothing, borrowers do not burden themselves with the opportunity to repay loans ahead of schedule. And even having several existing loan agreements, they are ready to re-issue a loan. But taking a loan without refusal in the presence of existing loans is not so simple.
Where can I get a loan quickly? All ways
Every 3rd banking organization and not only deals with lending. Therefore, if you want to get a loan quickly and without unnecessary help, the borrower can apply:
- to the bank;
- microfinance organization (MFI);
- pawnshop;
- office to a private person;
- credit cooperative.
Not all companies provide a loan without failure in the presence of existing loans. But no one can prohibit a client from getting advice on a product.
Having learned what each of the lenders offers, the client will know exactly which company is best for him to apply for an urgent loan. Lenders differ from each other not only in amounts and interest rates, but also in the way they provide a loan, as well as in the set of documents for applying.
Bank loan
Of all the lenders, banks are the most demanding organizations. They carefully approach the verification of the credit history of the payer and will not issue loans to those who have not submitted a full set of documents.
But bank lending is one of the most reliable ways to get a loan. Companies provide loans exclusively within the framework of a loan agreement, offering the client to receive additional guarantees in the form of life and health insurance, cards for convenient loan repayment and other banking products that may interest the client.
But it is impossible to guarantee that a client will receive a loan without refusal in the presence of existing loans. However, this option is most beneficial for those who:
- He is a regular customer of the bank. Since the loan is provided only to individuals in whose solvency the bank is confident, the availability of existing loans in this organization will be an advantage for the borrower.
- Did not violate the terms of the loan agreement. The chances of getting a bank loan from malicious defaulters are nil, which cannot be said of those who have never forgotten to make regular payments.
- Has sufficient solvency. A good salary even in the presence of unliquidated obligations may cause the client to receive his credit instantly to the card without bank failure.
Refinancing of loan agreements
Also, there are great chances to get a loan at the bank from those involved in refinancing loan agreements. This service allows you to pay off existing obligations by a loan with more favorable terms. At the same time, a bank in which the borrower already has loans will not necessarily be engaged in refinancing.
Often clients apply for services to other organizations that provide them with the opportunity to take a loan without refusal to repay existing loans with less overpayment.
To apply for refinancing at a bank, a client must:
- Come to a bank or other financial institution in which he has loans, and take a certificate of debt balance. Additionally, it is required to obtain the details for transferring funds to the loan account.
- To apply for refinancing from the creditor, presenting a passport, documents to confirm income, certificates of existing loans and details for the transfer of funds.
- To issue (if necessary) early repayment of previous loans. Not all lenders who offer refinancing automatically transfer funds to a loan account. Some companies transfer them to one of the client's savings accounts so that the borrower closes other obligations on their own.
The advantage of this type of lending is low interest on the loan, a minimum of documents and a quick decision. In addition, the percentage of approval for applications is higher than with ordinary consumer loans (more than 65%).
Microcredits in MFIs
One of the proven ways to get an instant loan without failure is to apply to microloans. Unlike banks that require a full set of documents for obtaining a loan, MFIs require only a passport (for amounts up to 50 thousand rubles).
But if there are outstanding obligations in the amount of 50 thousand rubles or more, even MFIs may require a certificate of work in the form of 2-NDFL. Amounts in excess of 100 thousand rubles also require the submission of an additional document; moreover, they are not always issued to customers with arrears.
But most loans in MFIs can only be obtained by passport. The presence of one document and quick decision-making (from 1 minute) are the main advantages when applying for a loan in microfinance organizations.
A loan with a bad history can be obtained without refusal in all MFIs. It is recommended that you contact those companies that offer a special loan to improve it. It is called: a loan to improve credit history. The difference from other offers of the company will be an increased interest rate, but refusals under such agreements are less than 5%.
Do not forget that in microloans, interest is accrued daily. Therefore, such loans are more profitable to issue for a short period.
How to apply in microloans?
To obtain a loan in an MFI, you need:
- Choose a company with minimal interest and favorable conditions for obtaining a loan without refusal in the presence of existing loans.
- Contact your office with a passport or apply online. When applying via the Internet, money can be received on a bank card, mobile phone or online wallet.
- After filling in the data, you need to wait for a decision on the loan. The review period can reach 24 hours, but in 9 out of 10 cases, the client immediately receives a notification of the decision on the application.
Getting a loan at a pawnshop
A loan without failure with bad credit history or without it can be obtained at a pawnshop. Unlike other lenders, the guarantee of a refund is the personal thing of the borrower. It can be jewelry, expensive equipment or a collectible item, an antique product - everything that has value and may interest other buyers.
For a loan at a pawnshop, only a customer passport is required. The loan is as follows:
- The client brings the jewelry and hands it to the evaluator for verification.
- The specialist decides on the condition of the item and sets a price for its security, which is the cost of the loan.
- If the decision on the amount suits the borrower, he signs a contract.
Ways of lending at a pawnshop
There are two options for obtaining funds - when selling a product without the possibility of redemption and with a chance to return the thing back. In the first case, the relationship between the pawnshop and the borrower resembles a purchase and sale: the client gives the value to the pawnshop and receives cash for it.
In the second option, he is given several days to repay the debt. Otherwise, the item remains in the pawnshop, which sells it to other customers at an average market value. At the same time, before the sale, the pawnshop may require compensation for the penalty in case of delay in depositing funds, and if the client refuses to deposit funds, his pledge will become the property of the financial organization.
This is a proven loan option: urgently, without failures and guarantors. But the risk for the client here is not a delay in the loan, but the loss of a valuable item.
Private loan
Another option for obtaining a loan instantly, without failures and without verification, is a loan from a private person. This person can be both an individual entrepreneur and an ordinary citizen.
When choosing this option of lending, the borrower can both obtain a loan without interest, called an installment plan, and draw up an agreement with excessive fees. Risks are borne by one or the other side.
You should be careful when choosing this method to get a loan. The conclusion of the contract is the prerogative of the lender. And if the borrower does not study the conditions of the loan or he will not be asked to fill out documents at all, he risks being deceived by scammers.
But unlike other lenders, sometimes for clients this is the last chance to get a loan without failure with a bad loan history. The main risk here is the subjective side of the transaction: everything is decided by the lender. But at the same time, only in this way the borrower can issue a loan on individual terms or borrow funds without interest for a long period.
Loan in a credit cooperative: features
Russians have been remembering about the possibilities of cooperatives since Soviet times. But now the market situation has changed, and cooperatives are not economic, but financial organizations. And many base their activities on lending.
To get a loan in a credit cooperative, you need to be a shareholder and pay regular installments. Borrowers from the street receive loans only at high interest rates.
By timely transferring funds to the company account, the borrower creates the conditions for obtaining a loan. The cooperative is confident in its shareholders, as they create financial support for the organization. Therefore, such lenders give loans to their customers without fail.
To obtain a loan, you need to submit documents on membership in the cooperative, choose a loan option (if there are several) and present certificates of solvency. After processing the application (1-2 days), the client will receive a message about the loan application.
Even if a client ceases to be a member of a cooperative, he will retain the conditions for obtaining a loan throughout the entire loan term. But after receiving a loan under such conditions it will be impossible.