Most people believe that the Agricultural Bank works only in the agricultural sector. However, this is not at all true. This financial institution, fully controlled by the government of the Russian Federation, has a line of programs designed for ordinary citizens. A striking example of such products are consumer loans of the Agricultural Bank.
This organization begins to issue such loans to people over the age of 18, which in itself is surprising, since a very small number of banks agree to work with borrowers under the age of 21. To obtain a loan, the client must be registered not far from one of the bank's branches, which number more than 1600 in the country, and have at least six months of
work experience at the main official place of work. The level of income must also be confirmed to determine the creditworthiness of the borrower. In most cases,
personal income is enough to formalize the program, and it is not necessary to attract co-borrowers.
Required papers for registration
Consumer
loans of the Agricultural Bank are issued upon presentation of the following set of documents:
- valid passport of the Russian Federation;
- military ID. This document must be submitted before the age of 27;
- income statement in the form of 2-personal income tax;
- completed application form.
For more complete information, it is recommended to visit the official website, which is presented on the Internet by the Agricultural Bank. The consumer loan calculator located on its pages will help the borrower calculate a convenient payment plan and loan amount not exceeding his monthly income level. In addition, here you can find the online application form and, having completed, send an e-mail to the manager of the credit department.
Types of programs provided
Consumer loans of the Russian Agricultural Bank can be divided into two broad categories:
- Target - loans issued to achieve a specific goal, which is specifically prescribed in the contract. In the case of obtaining such a loan, the client can count on milder conditions that the Agricultural Bank can provide. A consumer loan, the interest rate at which will not exceed 17%, can be issued for the purchase of equipment or a vehicle, for repairs, real estate, education, the purchase of medicines and more.
- Non-targeted - loans in which the bank provides the requested amount and is not interested in its future fate. The interest rate on such a loan cannot be less than 18%.
Consumer loans of the Agricultural Bank can be obtained for up to 5 years. The maximum amount that can be taken is 10 million rubles, but in order to receive over 300 thousand the organization will require a guarantee of at least one individual, and more than 1 million rubles. - a collateral object in the form of real estate.
A loan application is usually reviewed by the bank within one week. A financial institution does not charge any commission for providing a loan, which is a huge plus when choosing a lender.