In the article, we will consider how to get a loan without credit history.
Bank lending has become an integral part of everyday life. Every second Russian has already used it, since now you can buy almost any thing or service, from office equipment, fur coats, real estate and ending with dentures.
And with each such appeal to the bank, a person forms a credit history, which acts as a kind of "characteristic" of the borrower. If this is so, the client always and on time fulfilled his loan obligations, then banks are more and more willing to arrange another loan when applying and offer it on more favorable terms. Moreover, all data is stored in a common database, this is the first customer information that the bank checks.
If a person is officially employed, the bank evaluates solvency and reliability according to the provided 2-NDFL certificate, which is issued in the accounting department of the enterprise or institution in which the client works.
But what if the credit history is absent or not completely perfect, and you can’t officially confirm your income, for example, when you get your salary “in an envelope”?
How to get a loan without a credit history, we will tell below.
What is a credit history?
First of all, this is information for the bank about your trustworthiness and the ability to predict the probability of a non-return of funds. Credit history - a register of records containing information about a client: about all loans ever made, about overdue, outstanding payments, and also, on the contrary, about loans paid without delay, early repayment, etc.
If in the past you have already successfully repaid one or more loans, it is unlikely that the bank will refuse a new one. That is, choosing between a client with a good credit history, but a small income, and a client without one, the bank will give preference to the former.
How to take a loan without a credit history is interesting to many.
Bank position
Of course, the bank is interested in granting loans and, accordingly, in receiving interest from them. But also in minimizing risks. Therefore, customers who already have a good credit history and legal income are more willing to work with a lower percentage.
But, as practice shows, the majority of citizens have no credit history at all, or are not as ideal as the bank itself would like.
However, making a profit is the main goal of any lending institution, therefore, banks have credit schemes in their arsenal that allow working with different clients.
Of course, the absence of a credit history is generally better than if it was black, but worse than excellent. Therefore, the presence of a permanent residence permit, work, real estate, car, passport is an additional bonus for the borrower. You must also understand that the holder of a bad credit history is unlikely to provide a large amount of money and at a good interest.
So, taking a cash loan without a credit history is not so difficult.
What are the options?
So in what cases can a bank provide you with a loan even with an unimportant credit history and without a salary certificate?
The first is the so-called Lombard option. In this case, the bank will issue money on bail, for example, real estate, as well as securities, precious metals, that is, what is of a certain value.
With such a loan, the loan amount is strictly fixed, and the loan term is strictly regulated.
Corporate agreement of the organization with the bank
Is it possible to take a loan without a credit history, it is important to find out in advance.
The second option is when an enterprise or organization concludes a corporate agreement with a bank. In this case, all employees are serviced in this bank and, accordingly, information about your salary, its income to the account allows the bank to determine the limit for a loan to a person without a credit history.
Commodity loan
Also, without verification, you can get a commodity loan for the purchase, for example, office equipment. In this case, nothing prevents the bank from checking you against its database. But, as a rule, the borrower's consent to issue at the same time an insurance policy for the issued amount (which, by the way, often decently eases the wallet) significantly increases the chances of getting what you want. Important: if there is no free cash, but you really want to get a computer, for example, a person, as a rule, prepares insurance, takes the purchase, and then within 14 days, which calculate the so-called “cooling period”, calling the insurance the company at the number specified in the contract may terminate the insurance contract, even without explanation. Of course, insurers are not at all happy with this, they are trying in every way to complicate the procedure, but they have no right to refuse.
Well, and, of course, there are banks that are still ready to provide a loan without references and stories, in just two documents. You are even more likely to get a loan on the same day. As a rule, these are commercial banks. However, it is important to understand that individual requirements may be presented to such a borrower, for example, an insurance policy, a higher percentage, and a short loan period may be a prerequisite. If conditions are suitable for you - get a loan, make all payments on time and begin to form a new credit history or “bleach” the damaged one.
How to get a loan without credit history?
“Writing” a credit history
The whole story is written, and credit is no exception. Where to begin?
Of course, you need to understand that it’s not practical to get together immediately for a mortgage, car loan, and indeed for a large amount. You need to start small.
- For starters, you can get a loan in a "young" bank. Make out, make payments correctly and do not have time to close another loan, the bank will already offer a new one.
- Get a loan for the purchase of goods. If we are talking about “bleaching” the reputation, then we arrange insurance, if this is inevitable. It is better to start with small amounts so that the burden is feasible.
- The third option is to get a credit card. As practice shows, it is easier to get it than a simple consumer loan. Often, such an “intrusive service” is practiced by many banks. You don’t even have to go to the bank: the courier will bring the card or send it by mail.
And last but not least, we pay! No delays, no debts. It is always better to make a payment in advance, especially if payment is made from another bank. The day of payment of the loan is the day the money arrives at the destination (to the account with the creditor bank), and not the day you make the transfer.
And if you need to take a loan without credit history quickly, what to do?
If the bank was refused
If the bank still refused to grant you a loan, you can apply for money to a microfinance organization. But the interest there is often simply predatory, you must carefully read the contract before signing. Otherwise, it may happen that instead of a bad story you write even worse, and you will have a bunch of problems. A large sum in such organizations is also not to take.
People often come to the bank asking: "Help me get a loan without a credit history."
How to choose a bank?
Now many banks advertise their services on central television, on the Internet, and indeed on "every pillar." But one must understand that the conditions that are voiced in advertising are usually the most favorable, offered to "ideal" customers, and sometimes even only in words. Also, a lot will depend on your social status, confirmed or unconfirmed income, work experience in the last place and many other factors. Therefore, even if you have already approved a loan in advance (by phone or on the Internet), an unpleasant surprise may await you when you personally visit the bank.
To regret your nervous system, it is better to first familiarize yourself with the terms of lending in different banks on websites on the Internet, view the rating of the most advantageous offers of banking products. It will also be useful to read the reviews of people who have already issued a loan at a particular bank.
Insurance
Often, along with a loan agreement, banks draw up insurance, arguing that this is a condition for a loan or that interest will be more profitable. It is important to understand that additional services are therefore called that they should be provided only with your consent. Moreover, when it comes to a significant amount of credit, the amount of insurance is also rather big, and also borrowed, and you will also have to pay interest on it. And in case of early repayment, you will have to pay it. Of course, insurance can be waived during the “cooling period”, but then the interest on the loan automatically increases. This condition is immediately incorporated into the loan agreement. Therefore, it would be wise to calculate payments with and without insurance, often a higher percentage is more profitable for you.
Where can I get a loan without credit history?
Banks that provide loans without CI and certificates
Such banks as, for example, Promsvyazbank, Moscow Credit Bank, Renaissance Credit, Russian Standard, Tinkoff, Gazenergobank, Home Credit, Vostochny Bank issue loans only by passport, additional Help is not required. Moreover, one bank offers more favorable conditions for pensioners (Vostochny Bank), in others it is possible to get a loan for students from 18 years old (Tinkoff, Moscow Credit Bank).
Since 2018, banks such as Vostochny Express, OTP Bank, Summer Bank have been very willing to issue “commodity” loans or cash to customers with a zero credit history, however, they compensate for their risks with higher interest rates.
Still where to get a loan without checking credit history?
In Promsvyazbank, good conditions (the smallest percentage) can be obtained by civil servants, as well as by clients receiving salaries at this bank. But even an ordinary person with a passport can get a loan here at 14.9% per annum.
In "Tinkoff" you can draw up a card without visiting the bank, online application or other remote method. The courier will bring the card directly to your home.
In general, there are many offers from banks, interest rates are different, just carefully select the bank with which you want to cooperate, after weighing all the pros and cons.
We examined how to get a loan without checking your credit history.