Today, the credit market is on a wave of growth. During the peak of the financial crisis, many banks went bankrupt, and were even more on the brink of ruin. Due to the unstable economic situation, many people were forced to borrow money. That is why the Government of the Russian Federation took several steps to regulate the work of financial organizations. First of all, they were obliged to provide complete, timely and transparent information about all payments that the client would have to make. This policy worked, and the flow of people seeking credit money began to grow again.
Today, for those who are looking for where you can borrow money urgently, banks will be the best solution. Most of them have express credit in their list of services. Such a service can be issued in just a few hours, having only 2 documents in hand:
- passport of a citizen of the Russian Federation with a valid residence permit in the region where one of the branches of the selected bank is located;
- the second document that can confirm the identity of the borrower: passport or driver’s license.
You can borrow money through express loans without even leaving your own home. It is enough to go online and find the main site of the selected banking organization. On it you need to find a special application form for applying for a credit program and, filling it out, send it to the manager. The answer will come within a few hours. An organization employee will call the indicated phone number and offer to come to the bank branch to complete the loan issuing process. After a short interview, the financial institution will be asked to sign an agreement and receive funds. In addition, a bank employee will certainly offer to open a credit account and transfer the issued money there.
One of the minuses of receiving such a program is a high interest rate, which can reach 70% per annum, and a short term. To borrow money in this way is possible for a maximum of one and a half years. On average, the usual term for such a program is no more than six months. In addition, financial institutions rarely allow you to borrow money in excess of 500 thousand rubles.
Mitigating express lending conditions
To facilitate their own fate, one should not rush into the execution of the contract, but collect a more complete package of documents. Banking organizations always go towards the client who provides the most complete information about themselves and money back guarantees. You should borrow money by providing the following papers:
- Certificate of employment confirming experience.
- Certificate of income for a six-month period.
- Surety.
- Collateral object.
No need to ask: where to borrow money without interest. All loans at 0% are just an advertising trap. In fact, the clauses of the agreement will include commissions and payments that comprise at least a ten percent rate. In addition, such loans are often accompanied by prohibitions on their early repayment.