The modern pace of life dictates its conditions, so many people are given the goal of buying a car.
Acquisition of a vehicle - an event cost and it is not always possible to pay for the purchase immediately and completely. In this case, it is often the only possible solution of the loan. What documents should be prepared to obtain car loans and can all be applicable to such a purchase of a vehicle?
Obtaining car loan: necessary documents
Registration of any type of cooperation between the borrower and the lender is accompanied by documented. Depending on the institution in which you have turned, the list of necessary papers may differ slightly, but the standard requirements for the package of documents of most banks look as follows:
- The identity card of the borrower is a passport of a citizen of the Russian Federation with the registration (registration). It is necessary to provide the original document and copies of all its pages.
- You must also fill out an application for loan design. This can be done in writing or filling out an electronic form through the website of the financial institution.
- If you are or previously married, provide a marriage certificate or a divorce document (copy and original).
- In the presence of children, certificates of their birth may be required.
- Driver certificate.
- A document containing information about your income over the past 6 months (for example, a certificate in form 2 NDFL).
- For men, a certificate from the military registration and enlistment office may be required.
- Your credit history data.
In addition to the documents given, other papers confirming, for example, your health condition or the absence of real estate arrest (in your property) may be required.
Receiving car loan: credit history
A good credit history is an important factor for making a positive decision on lending. But how to be if it is not ideal or is missing at all ("Clea")? Even in this case, you can count on credit. If you can not boast of impeccable payments on previous loans, but the current financial condition of the Bank assesses as satisfactory, you can be issued a car loan, but on less favorable terms:
- The loan is reduced.
- A higher interest rate has been proposed.
- The loan amount may be less than you expected.
If you do not have a credit history, the credit is also possible. For this you need to have a permanent registration, as well as regular income. In addition, you can use the help of a relative or spouse by taking it as a guarantor. Getting a loan is possible not only for the purchase of a new car, but also to operate both domestic and foreign production.
Obtaining car loan: step-by-step instruction
So, did you decide to arrange a car loan, what questions should be solved?
- Will you independently deal with the execution of an auto dress or contact your credit broker for help. Help the latter may need if there are problems with confirmation of solvency or not very good credit history. Services of this specialist, of course paid.
- Decide for the purpose of buying. What kind of car (model, brand) you want to buy whether the vehicle will be new or used. In the event of the last interest rate will be slightly higher.
- Loan size. Will you make an initial contribution or require the amount for the entire cost of the car. The less the amount of the initial payment, the greater the interest rate (and, it means the overpayment). If you have found an institution that gives out a loan without an initial contribution, spending still not to avoid - acquire the insurance policy (CASCO) and pay the banking committee.
- Rate the amount of monthly payment. Most often it is no more than 40% confirmed income.
- Explore the proposed credit programs.
- If a guarantor is required, think about who can guarantee your payments or, if necessary, repay your loan.
Next, prepare the necessary paper and go to the bank. After placing an application for a loan, you can either immediately get an answer or later, but not more than 7 days later.
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