Can I get a loan with a passport?

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

Interested in a passport loan? Think it can't be profitable? Very in vain. In the face of fierce competition between banks, the winner is … the borrower! Because you can lure him not only with especially favorable conditions, but also with the convenience of the registration procedure.

So, where can I get a passport loan? Of course, the bank. Often, such programs are characterized by a high speed of registration. It is on it that the main attention of the borrower is focused. This is done in order to distract him from the really important moments. For example, on the size of the interest rate. And it can reach 50-70% per annum. Not bad, right? In addition, bankers try not to advertise the amount of additional expenses of the client. We are talking about insurance, as well as commissions. Therefore, if it’s really “hot”, and you apply for a loan on the basis of one document, then carefully read everything that is proposed to be signed.

Is there an alternative to such a product as a passport loan? Yes, it exists. Not much different in terms of requirements for the borrower, it is much more interesting. SpeechI'm talking about programs, the terms of which provide for the provision of a couple of documents, one of which is a civil passport. It would seem that the difference is not so fundamental. At the same time, "extra" paper is a sure way to get more money at a reduced interest. Moreover, it cannot be said that the time for consideration of the application or the size of the maximum amount that the lender agrees to give to the borrower suffer greatly. There are sure to be a couple of interesting products here as part of the loy alty program for existing customers. Financial institutions do not particularly promote them, since the level of profitability of an express loan is not commensurate with the profit that servicing existing customers can bring.

Finally, if you need an urgent passport loan, you should not rush. Instead of frantically searching for the right option, it would be more expedient to study the offers of banks for issuing a credit card. Here the procedure may not be as quick, but it is simpler and cheaper.

Cooperation with the leader

Today, one of the flagships of the Russian banking industry, VTB 24, offers to take a loan with a passport. The lender emphasizes that you can use the service on the way home. Or at lunchtime. At the same time, the conditions are verysimple and interesting. In particular, the amount up to 150 thousand rubles can be taken for up to 36 months at 29% per annum. Please note: the announced loan interest is the starting point. That is, we are talking about the fact that its size is 29 percent or more. To find out what is hidden behind the phrase "and above", you need to carefully read the contract. Also, keep in mind that this offer is only valid in certain regions of the Russian Federation.