How to arrange an auto loan without the initial contribution

Car lubers turn to the car loan program without an initial premium with alertness, for example, if the iron horse is very necessary, and no finance is not at all. On the one hand, without any long savings, it is very tempting for the steering wheel, on the other, the disadvantageous conditions of the loan.

The bank checks the clients before meeting their request. Together with the Avt Credit application, it should be submitted a certificate from the place of work and information about income, certified by the head of the enterprise, a document on education, a document on real estate that the bank can take on bail.

The necessary condition for such a program is the mortgage obligations. Often on bail bank draws up the goods itself - the car. If monthly contributions are not paid, the bank can pick up the car.

In the absence of a deposit, it can be issued a loan for very high interest - up to 50% per annum. The more credit period, the less interest. If there is no official employment, you can provide information about other sources of finance, for example, the rent from the delivery of the apartment.

The motorist before the conclusion of the contract is obliged to insure the car at his own expense - such funds are not included in the amount of lending. The driver's life is also insured. Insurance policy is huge, but also large contributions.

On credit for a similar program are offered cars that are not in demand. Car dealers are pleased to realize an unsuccessful product at least in this way.

Credit without a first installment is beneficial to banks. Despite the test of customers, banks often go towards buyers waiting for profits. Therefore, it is necessary to carefully study the conditions of the loan in order not to overpay for the purchase.