How to apply for a consumer loan on credit cards without income statements

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

Express lending has always been the most favorite service of financial institutions. After all, this is a sure way to get huge profits in a short period of time. The rate on such loans can reach 70%, which banks explain by increased risk factors. Indeed, by issuing credit cards without income certificates, a financial institution lends money, without any guarantees from the return. A huge profit in this case is provided by a large number of loans issued in this way. It also offsets the bank's losses in cases of fraud.

Credit cards without certificates and guarantors

Today you can get a consumer express loan in almost any bank. At the same time, you can receive money both in cash (at the cash desk) and on a freshly printed card. To apply for credit cards without income statements, you must provide a financial institution with 2 documents, namely:

1. A valid passport of the Russian Federation with mandatory registration in the immediateproximity to the branch of the selected bank.
2. Another document that can confirm the identity of the borrower.

Receiving credit cards without income statements, the client agrees to pay sometimes huge interest - up to 70% per annum, but the terms of payments can be significantly softened by providing the financial institution with more information and guarantees. If you have only two documents, you can take a maximum of 500 thousand rubles for a very short time. And, although the laws of the Russian Federation stipulate that such loans can be obtained for a period of up to one and a half years, in most financial institutions it is rarely possible to exceed the six-month period.

List of documents and guarantees

To apply for a consumer loan with more lenient conditions, you can provide the following documents and guarantees to a financial institution, in addition to those mentioned above:

• certificate from the place of work about the length of service;
• certificate of income for at least six months;
• guarantee;
• collateral - usually real estate or cars

In case of providing a full package of documents, including the signature of the guarantor, and the collateral object in the form of real estate, the borrower can count on the amount of up to 10 million rubles for up to 20 years. By issuing credit cards without income statements, he agrees to most of the conditions of the banking organization, including a high interest rate and,often, the impossibility of early repayment of the loan. Thus, the borrower begins to overpay more than 50% of the direct cost of the purchased product or service.

Today we can say with confidence that getting a credit card without certificates is like giving the bank hard-earned money. If you have already needed to borrow, then it is much more expedient to collect the most complete package of documents, find a guarantor and a collateral object. Only in this way it is possible to take a loan, because then the conditions for obtaining it will be more beneficial to the client. Interest rates on such a loan will rarely exceed 15-20%, and the maximum amount can reach 10 million rubles.