How to take a bank loan

In recent years, lending is gaining momentum. Demand, as well as a proposal, grows on this banking service. The network of banking institutions is expanding, offering new loan programs. Each borrower before signing the lending agreement, it is necessary to carefully examine all its conditions and pitfalls in order to further avoid trouble.

If you have decided to take a loan, then first familiarize yourself with various lending programs in several banks to choose the best option. Next, fill out the application form in the bank branch or on the site, if such a service is provided. There is a basic sequence in obtaining a loan:

submitting an application for a loan to the bank with the package of necessary documents;
check by the Bank of the credit history of the borrower and personal data;
checking guarantors and / or co-coaches;
making a positive solution;
registration and signing of documents;
credit issuance (cash, non-cash form).

Age restrictions for borrowers:

the loan is not issued by the non-21 years;
if a guarantee will be applied in obtaining a loan, some banks reduce the minimum age up to 18 years;
age to which the borrower must fully repay the loan, varies in different banks from 60 to 75 years.

Mostly, the conditions for granting a loan in each bank are identical, although there are special items:

russian citizenship;
often creditors request 3 stationary telephone numbers (home, worker, guarantor number, etc.);
the presence of a permanent place of work with a stable earnings (an experience of at least 4-6 months), while the enterprise on which the borrower works should be registered at least a year ago;
the wage level should allow the borrower to pay debts on the loan monthly.

The main and some additional documents necessary for the design of the loan (depending on the loan program, the ownership of the borrower, the purpose of the loan, etc.):

passport of a citizen of the Russian Federation;
a copy of the employment record certified by the employer;
wage certificate over the past 6 months from work;
marriage certificate;
copies of documents for mortgage property;
driver's license;
invoice for goods from the store if the loan is necessary for the purchase of this product;
registration, financial documents for entrepreneurs;
the contract of guarantee and others.

Before the bank approves the issuance of the loan, the procedure for identifying the borrower is envisaged. Not every person can get a loan quickly in the first bank if his credit history does not like the creditor. Data on credit history is stored in the credit bureau. Sometimes the data is observed and are irrelevant, however, on their basis, the Bank may refuse the loan issuance. Then the borrower needs to request its credit history and whether to challenge it.