In Belarus, residents can arrange all varieties of credit: consumer, car loans, real estate. They differ in terms of return, design, payability.
1
Consumer credit can be taken only in local currency. People often pay in this way to buy long-term use, expensive services and work. The borrower makes a loan for targeted use or can spend money at its discretion. People take a consumer loan in cash, small amounts, banks do not insist on the participation of guarantors and are limited to a small number of references. The term of the loan is up to 5 years.
2
Consumer loan is issued to citizens of Belarus from 18 to 55 years, from men 28 years and younger requires a military ID. The term of the credit consumption in the last place is taken into account - the experience should be more than three months, sometimes a condition for a common work experience is raised. To the client's guarantor (if the Bank requires its participation) the same conditions are presented as the main participant in the transaction.
3
To obtain the desired contract, the minimum salaries of the borrower must exceed 250 thousand Belarusian rubles. If a contract is drawn up for an amount equivalent to 10-15 thousand dollars, the minimum salary is negotiated individually. Usually, the loan is issued without the initial contribution, but the payment of the value of the goods is also practiced.
4
The potential client must provide a typical bank set of documents: a copy of the document certifying the person, a user questionnaire, a financial certificate, a copy of the workbook and military ticket. The bank can introduce its conditions, for example, attracting a guarantor.
5
Car loan is made to buy a car. Requirements for the borrower are typical, but with their own characteristics. A contract of sale should be submitted, the credit fee must agree to receive a loan report. It may be necessary to justify the purchase of a car.
6
Car loan stands out on the security of goods or under guarantee. The bank requires a preliminary payment - 20-30%, sometimes 60% of the purchase price. Getting the car loan is more complicated than consumer. The financial institution may need to re-evaluate the car.
7
The car loan will require additional funds equal to 5-10% of the cost of the machine. They are used to pay for car insurance in Avtokasko, payment for transferring funds to the seller, payment for paperwork. After purchasing the car, additional costs may appear, for example, payment of the mediation company, which was maintained by the client during the signing of the contract.
8
Loans to purchase housing in Belarus are not popular because of the high refinancing rate and large percent of the initial contributions - 20-30% for 15 years. The state is only looking for ways to reduce rates to 5% per annum. In addition, financial institutions require the participation of guarantors, which is often an impracticable condition. In Belarus, there is a category of borrowers receiving loans on preferred conditions. These are large families, customers buying public housing in remote settlements.
All banks in Belarus offer customers their credit programs that have pros and cons. Separate positions of banking proposals may have positive or negative results. In each individual situation, it is necessary to carefully study the contract for obtaining a loan.
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