Which bank has the lowest consumer loan rate

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

Consumer loans are very popular, because thanks to such loans, citizens can afford to buy cars, equipment and many other things that they cannot buy with a salary. However, the diversity of banks confuses many with a wide range of their offers and confusing lending conditions. Of course, everyone wants to overpay as little as possible. Therefore, the desire to figure out where the lowest consumer loan rate is is quite logical. Let's take a closer look at this issue.

Is it possible to get the minimum interest on a loan

Not everyone knows that the proposed rate of the bank may be even less. For example, if a person is a client of an organization, that is, he owns a debit or savings card, then the bank is confident in his solvency. This may be the basis for lowering the annual interest on the loan. However, this is only possible if financial movements are displayed in the database of the credit institution.

Therefore, when deciding where to get a profitable consumer loan, it is worth checking whetherSberbank or VTB 24 card, since these banks often lower rates by 1.5-2% for their customers. This is very beneficial.

You can also pay a little less if you demonstrate an excellent credit history. If a bank employee sees that the borrower is trustworthy and has not violated the terms of the contract before, this may also cause a decrease in interest. It is also worth understanding that there is a general rating of borrowers. Any bank has access to this list. If a potential client has ever failed to repay loans or acted in bad faith, then he may be completely denied the subsequent issuance of funds.

Some credit organizations reduce interest by 1% if the borrower brings a reliable guarantor with him to confirm his solvency.

It is also worth considering the rating of consumer loans with low interest rates from different banking institutions.

Sberbank

This bank has three programs for consumer loans at once. The first of these involves the provision of a loan without collateral. In this case, the client can receive up to 1.5 million rubles for up to 5 years. In this case, you will have to overpay 15%. However, such rates do not imply collateral, therefore, in order to receive funds, it is enough to provide the bank with a certificate confirming the client's solvency and the presence of a permanent job.

In order to apply for a loan to citizens who are already customers of Sberbank, do notbe sure to visit the branch in person, just fill out an application online.

There is also another program, according to which a person can receive funds in the amount of up to 3 million rubles if he can provide a personal car as collateral. Or you can bring a guarantor with you. In this case, the interest rate will be 14.5%, and the repayment period will be 5 years.

In addition, in Sberbank you can get a loan secured by real estate. At the same time, the loan amount can reach up to 10 million rubles, which can be repaid over 20 years. The interest rate will be 15.5%.

You should also consider other low-interest banks.

Rosselkhozbank

This credit organization is very popular among the population. The fact is that people of retirement age can get the lowest consumer credit rate here. For pensioners, the percentage will be 16% per annum. At the same time, it is not necessary to confirm that the money will be used exactly for the purposes for which the citizen takes it. Accordingly, the funds can be used for any purpose, including the purchase of an apartment.

Loans of up to 500 thousand rubles are available for the elderly. The repayment period in this case is 7 years.

Also, Rosselkhozbank has additional consumer programs:

• For gardeners. In this case, we are talking about a loan for the construction of a summer house, a bathhouse or any other object. The loan amount is up to 1.5 million rubles. Cash can be repaid up to 5 years at a constant interest rate of 21%.
• On engineering communications. This loan is issued for the purchase of the necessary equipment for conducting gas, electricity and much more. Conditions are the same.
• For reliable customers. In this case, we are talking about people who have previously taken out loans from this bank and successfully repaid them without any complaints. In this case, the loan amount can reach up to 1 million rubles, and the rate will be 18.5%.

If the client wishes to issue a non-targeted loan, then the funds can be received at an interest rate of 21.5%.

VTB 24

Speaking of the lowest rates on consumer loans, it is impossible to bypass this bank. In VTB 24, it ranges from 17% to 19%, depending on the documents that the borrower is ready to provide. If he brings certificates confirming that he has a permanent place of work and income, then the percentage will be less. Also, a lower rate is provided for those who take a large loan for a shorter period.

The maximum loan amount is 3 million rubles. This does not require confirmation of collateral. In addition, in some situations, a bank employee may ask you to provide details of close relatives and friends. Most likely they will be called to confirm the information provided by the client when signing the contract.

Sovcombank

Speaking ofwhere the lowest credit rate for consumer credit is, it is worth mentioning this bank, which is only gaining popularity so far. However, this does not mean that it does not deserve attention.

In "Sovcombank" a citizen of the Russian Federation can receive funds in the amount of up to 250 thousand rubles soon up to 3 years. In this case, the interest rate will be from 12% to 18%, depending on the loan term.

Gazprombank

The lowest consumer loan rate in this bank is 10.5% per annum. However, such loans are issued only for the purchase of real estate. For the purchase of a motor vehicle, loans are issued at 12%. Also, citizens can apply for a loan to study at a higher educational institution. In this case, the overpayment will be 11%.

What to look out for

If a person managed to find the lowest consumer loan rates in Novosibirsk or any other city of the Russian Federation, then you should not immediately rush into the pool with your head.

Today, reliable banks have a minimum interest rate on loans that cannot be less than 12%, unless the rate reduction was due to a separate program or bonus system for regular customers. If a little-known organization offers to issue a loan at 5%, then it makes sense to wonder if there is any scam behind it.

It is extremely difficult to answer exactly which bank has the lowest consumer loan rate. The fact is that in any organization, conditions can change depending on the goal.loans and other factors. Therefore, before applying for a loan, you need to carefully study the existing programs and check with the bank representative for possible privileges.

It should also be taken into account that some banks automatically connect additional options to customers. If a card is issued, it may also be paid. If the client pays only monthly payments and does not pay, for example, SMS alerts, then this may turn into pen alties and additional commissions.

In closing

Before applying for a loan at any bank, it is necessary to study in detail each item of the proposed agreement. All terms must be clear. If you have a question about any item, do not hesitate to ask.

In addition, it is recommended to study reviews from other customers and check the latest information about the selected credit institution, especially if it is not a bank. Every year, the Central Bank revokes dozens of licenses from such companies. Therefore, it is worth spending extra time studying detailed information.

You don't have to leave your home to apply for a loan. Most banks offer customers online loan processing.