Many people who want to buy some real estate, for example, an apartment, but do not have large financial resources, turn to banks for help. Here they are faced with the question "what is a loan and how does it differ from a loan?"
There are several options for bank loans: consumer, corporate, special needs and trust. And all these options have their pros and cons, which depend on the specific situation. A loan is a certain amount of money provided by a bank to a client. This amount will need to be returned at the end of the time specified in the contract. Ideally, this is a banking operation, which differs from a loan by the absence of interest rates (they are not always obligatory). Among the services provided by the bank, there is a mortgage loan. A pledge may be real estate, securities, any valuable property, etc. This is the least risky option for banks.
The required papers must be filled in according to certain rules. Only after this, the bank issues a loan. First you need to fill out forms with questionnaires, where you need to specify your personal data. Next, you need to prepare all the required documents and write an application for a loan. The client must provide his passport, a copy of the work book, men - a military ID (for those who are under 27 years old), a document that confirms registration, and a statement of income for the last 6 months.
A loan is a gratuitous transfer of funds or property for temporary use. Therefore, it is more correct to compare it with a lease than with a loan, since the interest rate is necessarily present when you make the second one .
A consumer loan, as a rule, is issued by pensioners or people with low income for an average of five years with an interest rate of 14 to 19% (depending on the currency). Customers with good credit standing or those who have a salary card in the bank where the loan is issued can receive a trust loan for an average of five years as well, with rates in rubles up to 20% and in foreign currency up to 13.5%. You can get it without guarantors and collateral for urgent needs for a period of up to five years, only the rate will be slightly higher: in currency - up to 15%, and in rubles - up to 21%. If there is a guarantee from the guarantor (the surety must be a legal entity), then it is possible to get a more favorable loan - up to 14% in rubles, up to 11% in foreign currency. It is issued for three years. Different banks offer different loans and credits, the client chooses more profitable options for himself.
A loan is a kind of financial transaction with a civilian. It is suitable if a large amount is needed for any company or enterprise. The representative opens an account in the bank in which it is taken. At the negotiations it is necessary to competently communicate in the language of the bankers in order to show and establish themselves as a competent enterprise or company, and to provide a compiled business plan. To obtain a large loan, you need an initial installment and a good reputation.
A loan is a good way to get money!