Not all borrowers have a positive credit history, which makes it difficult to get the necessary loan. Moreover, there may not be a complete list of documents. In this case, a loan secured by a TCP is suitable. Customer reviews confirm that this method is one of the fastest. The rules for processing such loans are described in the article.
general information
The provision of loans with collateral in the form of motor transport is called car loans. In a standard loan, collateral will be a new or used car purchased by the borrower. It remains only to choose a profitable harm against the security of TCP. Reviews show that this method allows you to issue even a large amount. At the same time, the borrower can dispose of his transport.
There are 2 types of loans secured by cars:
- A pledge of documents, and the car is taken from the borrower and remains in a special parking lot at the bank to pay the debt.
- Pledge of TCP, and the car is encumbered. In this case, the owner cannot, for example, sell the transport without the permission of the creditor, but you can use it.
According to reviews, a loan secured by a TCP of the second type is the most profitable. On the Russian market, 4-5 offers of developed banks are available that can arrange such loans. Many programs operate from car dealers and pawnshops, but the conditions are different from those offered by the bank. The difference usually lies in terms and rates.
Pros and cons
According to customer reviews, a loan secured by TCP has the following advantages:
- Fast application processing speed.
- Getting a large amount.
- Reduced rates when compared with consumer loans.
The disadvantages include the need to pay the work of the appraiser, and the loan amount is not more than 70% of the market value of the machine. Many banks require proof of income. Usually a secured loan is considered the only method of obtaining a loan and correcting the credit history of those customers who have had delays. In the future, they will be able to receive unsecured loans.
Lokobank
Where to get a loan secured by TCP in Moscow? Customer reviews indicate that an excellent choice would be to contact Lokobank. This institution specializes in secured car loans. This is where the most approved applications are.
The conditions include:
- The term is up to 7 years.
- The rate of 13.9%.
- Amount up to 5 million rubles.
- Early repayment.
- Insurance is optional.
- Requires a passport and paper on the car.
Sovcombank
According to reviews, a loan secured by TCP in Sovcombank is provided at low interest rates. Car loans are not considered the main specialization, but loans of this plan are approved continuously. The following conditions apply:
- Amount up to 1 million rubles.
- Do not need a report on the expenditure of money.
- The term is 12-60 months.
- The rate is 17-19%.
- Insurance is optional.
The minuses include the involvement of the guarantor. Customers note a quick review of the application, with a majority of them making a positive decision.
SKB
The bank specializes in providing collateral loans, without securing applications, they are practically not approved. The program is entitled "Individual Loan with Collateral." The following conditions apply to customers:
- The term is 36-120 months.
- Advance payment.
- The rate is 17.9-22.9%.
- Amount - up to 5 million rubles.
A surety is often required in the form of an individual, individual entrepreneur, if the loan is more than 5 million rubles. According to reviews, a loan secured by TCP is issued at this bank under favorable conditions. Minimum requirements make this type of loan affordable.
"Eastern Express"
If you need a loan secured by TCP, customer reviews recommend contacting a trusted institution. Orient Express provides express loans and credit cards, but at high interest rates. Mortgage loans are almost always approved.
The conditions include:
- Amount - up to 1 million rubles.
- The term is up to 5 years.
- Insurance.
- The rate is 19-32%.
Loans are issued under 2 documents: passport and SNILS. A transport document is also required. You can apply for a consumer loan under PTS in almost every bank, but for this you need to provide additional documents on employment and income. In addition to lending institutions, many pawnshop programs offer - credit history is not checked there.
Requirements
First you need to find out about the requirements before you become familiar with how to get a loan secured by TCP. Reviews confirm that regular income is usually needed, registration in the region of registration. But in each bank, the requirements may differ:
- Lokobank: age - 21-68 years, registration in the region, need a passport, application and documents for the car, experience - from 4 months.
- Sovcombank: age - 20-85 years, a guarantee may be required upon request, from the documents you need a passport, SNILS, driver’s license, TS papers, length of service - from 4 months.
- SKB: registration can be in any region, age - 23-70 years, a surety is needed for an amount of 5 million rubles or more, a passport, 2NDFL, a military ID, papers on a car, an experience of 3 months or more are required.
- Orient Express: registration must be in any region, age - 21-76 years, you need a passport, SNILS, application form and paper on the vehicle, experience - from 3 months.
Sometimes it is necessary to pay for the work of an appraiser, but often lenders manage this independently. According to reviews, applications are considered within 1 business day.
Vehicle Requirements
It is important to comply with the requirements for cars, otherwise the application will not be approved. Many lenders offer loans for cars, trucks, and special equipment. For example, the Orient Express only accepts B-category cars. Since most customers provide cars as collateral, the requirements for this transport should be considered:
- Age - from 19 years for foreign and 7 years - for Russian.
- Property of an individual or individual entrepreneur.
- There are coupons for passing inspection.
- It is not a burden, a pledge.
Estimated value is determined based on the current market price of such models. The maximum amount is up to 70%.
Registration for legal entities
How to get a loan secured by TCP? Reviews confirm that this is not difficult. It is enough to choose an acceptable program and apply. With a positive decision, a loan agreement is drawn up. Legal entities, as well as individuals, can choose the above programs. But loans are provided at Sberbank and other financial organizations.
The requirements for collateral for legal entities are the same, the difference is that the TS must be on the balance sheet of the organization. Transport assessment is paid by the client. Rates will be less, but slightly - from 11.9%.
Refusal cases
Often, banks refuse to grant loans. They need liquid collateral, that is, those that have market demand. Failure may occur in the following cases:
- Machine malfunction. Transport repair will be more expensive than the sale of funds. Bank age requirements differ.
- The arrest of a car. If the transport is arrested, then such security will not be accepted. A car will not be happy if it is bought on credit, but not yet redeemed.
- The borrower is not the owner of the machine. Foreign cars, which are in the management by proxy, also can not be accepted as collateral.
It is important to take into account many nuances before applying for a loan secured by a car. A transaction will be beneficial only if an offer is selected on acceptable terms.
Nuances
The difficulties that may arise with such lending relate to the low appraised value of the vehicle. If the car costs 1.2 million rubles, then 500-600 thousand rubles will be provided. But the advantage of the loan is that the machine can be used. Often, such loans are the only solution when money is urgently needed, and banks refuse to receive it.
During the process of obtaining a loan usually there are no special difficulties, as lenders also have limitations in their activities. And getting a loan at a pawnshop or from a private person can cause problems. Restoring TCP to the owner will not be a problem, so there is a risk for banks.
Thus, there are several proposals for these types of loans. Each client can consider several programs, and then choose the most suitable one.