The most profitable bank for a loan: which one to choose? Tips for borrowers

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

When applying for a consumer loan, the bank plays a key role. The lender is responsible for the terms of the loan, including the interest rate. Not wanting to overpay, borrowers are looking for the most profitable bank for a loan. Depending on the type of loan, the leaders of the lending market differ.

Description of loans

To decide which of the lenders is better, you need to assess the need for financial resources. Bank loan products differ not only in interest rates, but also in terms of repayment, processing speed and degree of application approval.

To get a loan on favorable terms, you need to know the most profitable banks for loans in each category of loan. The following loans were considered for analysis:

1. To purchase real estate, or mortgage agreements.
2. Plastic carrier - credit cards.
3. Business development - for individual entrepreneurs and organizations.
4. Various purposes - classic consumer loans.

Analysis will allowidentify a leader in each category, since there is no bank in the Russian Federation whose loan products fully satisfy the needs of 100% of borrowers. The distribution of leaders in the lending market creates competition and develops the Russian banking sector.

Factors of analysis of RF creditors

To determine the best lender to Russia in each category, the following were taken into account:

1. Interest rate. This is the main reason why customers opt for a lesser-known brand bank or refinance.
2. Design speed. The loy alty of the borrowers depends on whether the client has to spend 2-4 days collecting documents or the money will be transferred within 30 minutes from the moment the application was sent via the Internet.
3. Approval percentage. Citizens do not want to waste time filing an application with a bank that will refuse 9 out of 10 cases.
4. Terms of repayment. The more ways to pay the debt, the less the risk of delinquency.
5. Customer reviews. Independent comments on the financial portals Banki.ru and Sravni.ru are taken into account.

The most profitable bank for a loan includes at least 3 points in each category of loans.

Best Mortgage Bank

When purchasing housing, borrowers are looking for a bank not only with minimal interest, but also with reliable partners. Buying real estate under construction is associated with the risk of running into bankrupt developers; in the secondary market, customers are afraid of unscrupulous sellers.

Borrowers prefer to choose a reliable lender who will help you get a mortgage forpurchase and sale transactions with minimal risk and on favorable terms. In the field of mortgage lending, the most profitable bank for a loan is Sberbank PJSC.

Lender benefits:

1. Interest rate - from 6% per year. Since 2018, Sberbank has been offering families with the birth of a 2nd child to purchase a housing loan at a record low rate.
2. 13 lending programs in 2019.
3. Cooperate with trusted licensed developers without financial hardship.
4. The share of the Russian mortgage lending market is over 51% in 2018.

Credit card: where is the best place to apply?

Credit cards are gaining popularity. All holders of cards with a grace period have the opportunity to use the bank limit without interest. In the field of the credit card market, the best in the Russian Federation are 2 banks - Tinkoff and Alfa-Bank.

Advantages of Tinkoff credit cards:

1. Interest rate - from 12% per annum.
2. Receiving speed. Customers can apply for and withdraw a loan on a bank card within 24 hours.
3. No processing fee.
4. Limit up to 300 thousand rubles. The amount increases for those who regularly use a credit card without delinquency.
5. Return points for purchases up to 30% from partners.

Tinkoff customers can get the most profitable loans in Russian banks on plastic carriers anywhere in the country. Delivery is free of charge by courier.

The Alfa-Bank credit card has gained popularity due to the most favorable grace period in the Russian Federation - up to 100 days.

Product description "100 days without %":

1. Record grace period. In the process of using the card within the period, the owner must pay only the regular payment in order not to go into delay.
2. Limit up to 500 thousand rubles.
3. Minimum documents. For amounts up to 50 thousand rubles, only a passport is required, up to 100 thousand - a second document at the choice of the borrower.
4. Quick decision making. The application is considered from 2 minutes.
5. Delivery within the Russian Federation without commission.

"Alfa-Bank" is the most profitable bank for a loan on a plastic carrier in Russia, since the interest rate on a credit card starts from 11.99% per year.

Loans for legal entities: RF leader

Individual entrepreneurs and companies, no less than citizens, need funds for development. Attractive conditions for lending to legal entities in the Russian Federation are offered by the Otkritie group of companies. Since January 1, 2019, it includes the Binbank brand known to Russians.

What the most profitable bank offers for consumer loans for individual entrepreneurs and legal entities:

1. Commission from 9% per year.
2. 5 funding programs. Depending on the type of need, such as investment or working capital replenishment, loan conditions differ.
3. From 2 to 250 million rubles inas the loan amount.

Which bank has the best consumer loan?

Rosselkhozbank, a financial company with state capital, offers the most favorable lending terms in 2019 for individuals. Citizens can apply for a loan:

1. With a rate of 9.9% per annum.
2. Without additional information and guarantees.
3. No commission or imposition of services.
4. Up to 1.5 million rubles within 1 hour.

Rosselkhozbank loans are issued in cash or on a bank card. Special conditions are available to payroll clients, pensioners, payers with a good credit history and public sector employees.

Every year the terms of lending in Russian banks change. If the client has issued a loan and found a more attractive offer, he can make a refinancing procedure: lower the interest rate so as not to overpay the lender. Refinancing is available in almost all major banks.