How to get a loan secured by TCP: reviews

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

Not all borrowers have a positive credit history, which makes it difficult to get the necessary loan. Moreover, there may not be a complete list of documents. In this case, a loan secured by PTS is suitable. Customer reviews confirm that this method is one of the fastest. The rules for obtaining such loans are described in the article.

General information

Providing loans with collateral in the form of vehicles is called car loans. With a standard loan, the collateral will be a new or used car purchased by the borrower. It remains only to pick up a profitable hurts on the security of TCP. Reviews show that this method allows you to issue even a large amount. At the same time, the borrower can dispose of his own transport.

There are 2 types of loans secured by a car:

1. Pledge of documents, and the car is withdrawn from the order of the borrower and remains in a special parking lot at the bank to pay the debt.
2. Pledge Title, and the car is encumbered. In this case, the ownercan, for example, sell vehicles without the permission of the creditor, but you can use it.

According to reviews, a loan secured by the second type of TCP is the most profitable. There are 4-5 offers of developed banks on the Russian market that can issue such loans. Many programs operate from car dealers and car pawnshops, but the conditions differ from those offered by the bank. The difference usually lies in terms and rates.

Pros and cons

According to customer reviews, a loan secured by TCP has the following advantages:

1. Fast application processing speed.
2. Getting a large amount.
3. Reduced rates compared to consumer loans.

The disadvantages include the need to pay for the work of an appraiser, and the loan amount is not more than 70% of the market value of the car. Many banks require proof of income. Typically, a secured loan is considered the only method of obtaining a loan and correcting the credit history of those customers who have been in arrears. In the future, they will be able to receive unsecured loans.

Lokobank

Where can I get a loan secured by TCP in Moscow? Customer reviews indicate that an excellent choice would be to contact Lokobank. This institution specializes in secured car loans. It is there that the most approved applications.

Conditions include:

1. Up to 7 years.
2. Bet from 13.9%.
3. Amount up to 5 million rubles.
4. Early repayment.
5. Insurance optional.
6. Passport and car papers required.

Sovcombank

According to reviews, a loan secured by TCP in Sovcombank is provided at low interest rates. Auto loans are not considered a major speci alty, but loans of this plan are approved all the time. The following conditions apply:

1. Amount up to 1 million rubles.
2. No expense report needed.
3. Term is 12-60 months.
4. Bet 17-19%.
5. Insurance may not be issued.

The disadvantages include the involvement of a guarantor. Clients note the quick processing of the application, and for most of them a positive decision is made.

SKB

The bank specializes in providing secured loans, applications without collateral are practically not approved. The program is called "Individual secured loan". The following conditions apply to customers:

1. Term - 36-120 months.
2. Early payment.
3. Bet - 17, 9-22, 9%.
4. Amount - up to 5 million rubles.

Often a guarantor is required in the form of an individual, individual entrepreneur, if the loan is more than 5 million rubles. According to reviews, a loan secured by TCP is issued at this bank on favorable terms. Minimum requirements make this type of loan affordable.

Orient Express

If you need a loan secured by TCP, customer reviews recommend contacting trusted institutions. "Orient Express" issues an expressloans and credit cards, but at high interest rates. Secured loans are almost always approved.

Conditions include:

1. Amount - up to 1 million rubles.
2. Term - up to 5 years.
3. Insurance.
4. The bet is 19-32%.

Loans are issued according to 2 documents: passport and SNILS. A transport document is also required. You can apply for a consumer loan under TCP in almost every bank, but for this you need to provide additional documents on employment and income. In addition to credit institutions, many programs offer car pawnshops - they do not check credit history.

Requirements

First you need to know about the requirements before you learn how to get a loan secured by TCP. Reviews confirm that you usually need a constant income, registration in the region of registration. But each bank may have different requirements:

1. "Lokobank": age - 21-68 years old, registration in the region, you need a passport, application form and documents for a car, experience - from 4 months.
2. "Sovcombank": age - 20-85 years, a guarantee may be needed upon request, from the documents you need a passport, SNILS, driver's license, papers of the vehicle, experience - from 4 months.
3. SKB: registration can be in any region, age - 23-70 years old, a guarantor is needed with an amount of 5 million rubles or more, a passport, 2 personal income tax, a military ID, car papers, experience - from 3 months.
4. "Orient Express": registration must be in any region, age - 21-76 years old, you need a passport,SNILS, application form and paperwork for the vehicle, experience - from 3 months.

Sometimes an appraiser's fee is required, but often lenders handle this on their own. Feedback indicates that applications are reviewed within 1 business day.

Requirements for the vehicle

It is important to comply with the requirements for the car, otherwise the application will not be approved. Many lenders offer loans for cars, trucks, special equipment. For example, the Orient Express only accepts category B cars. Since most customers provide cars as collateral, you should consider the requirements for this vehicle:

1. Age - from 19 years old for foreign and 7 years old - for Russian.
2. Property of an individual or individual entrepreneur.
3. There are coupons for passing inspection.
4. Not a burden, a pledge.

Estimated value is determined based on the current market price of similar models. The maximum amount is up to 70%.

Design for legal entities

How to get a loan secured by TCP? Reviews confirm that this is not difficult to do. It is enough to choose an acceptable program and apply. With a positive decision, a loan agreement is drawn up. Legal entities, as well as individuals, can choose the above programs. But loans are provided at Sberbank and other financial institutions.

Collateral requirements for legal entities are the same, differenceis that the vehicle must be on the balance sheet of the organization. Transport valuation is paid by the client. Rates will be lower, but slightly - from 11.9%.

Rejections

Often, banks refuse to issue a loan. They need liquid collateral, that is, those that are in demand in the market. Refusal can be in the following cases:

1. Machine failure. Repair of transport will be more expensive than the sale of funds. Banks have different age requirements.
2. Car arrest. If the transport is arrested, then such security will not be accepted. The car will not be satisfied if it was bought on credit, but has not yet been redeemed.
3. The borrower is not the owner of the car. Other people's cars, which are in the management by proxy, also cannot be accepted as collateral.

It is important to consider many nuances before applying for a car loan. The deal will only be profitable if an offer on acceptable terms is selected.

Nuances

Difficulties that may arise with such lending relate to the low estimated value of the vehicle. If the car costs 1.2 million rubles, then 500-600 thousand rubles will be provided. But the advantage of a loan is that the car can be used. Often such loans are the only solution when money is urgently needed, and banks refuse to receive it.

When applying for a loan, there are usually no particular difficulties, since lenders also have restrictions in their activities. And getting a loana car pawnshop or a private person can cause problems. Recovery of title for the owner will not be a problem, so there is a risk for banks.

Thus, there are several offers for these types of loans. Each client can review several programs and then choose the most suitable one.