How to borrow money from banks correctly

Today, the credit market is on a wave of growth. During the peak of the financial crisis, many banks went bankrupt, and even more were on the brink of ruin. Because of the unstable economic situation, many people were forced to borrow money. That is why the government of the Russian Federation has taken several steps to regulate the work of financial organizations. First of all, they were obliged to provide full, timely and transparent information about all payments that the client will have to make. Such a policy worked, and the flow of those who wanted to get credit money began to grow again.

Today, for those who are looking for where they can borrow money urgently, banks will be the best way out. Most of them have an express loan in their list of services. This service can be issued in just a few hours, with only 2 documents on hand:

• Passport of a citizen of the Russian Federation with a valid residence permit in the region where one of the branches of the selected bank is located;
• The second document that can confirm the identity of the borrower: a passport or driver's license.

You can borrow money through express lending without leaving your own home. It is enough to go online and find the main site of the selected banking organization. On it it is necessary to find a special form of the application form for registration of the credit program and, having filled it, send it to the manager. The answer will come in a few hours. An employee of the organization will call the specified phone number and will suggest to come to the bank office to complete the loan process. After a short interview, the financial institution will be asked to sign the contract and receive the funds. In addition, a bank employee will necessarily offer to open a credit account and transfer the issued money there.

One of the drawbacks of obtaining such a program is a large interest rate, which can reach 70% per annum, and a short period. You can borrow money in this way for a maximum of a year and a half. On average, the usual time for such a program is not more than six months. In addition, financial institutions rarely allow borrowing money in excess of 500 thousand rubles.

Mitigating the conditions of express lending

To facilitate your own fate, you should not hurry with the execution of the contract, but collect a more complete set of documents. Banking organizations always meet the client who provides the most complete information about himself and guarantees of the return of funds. You should borrow money by providing the following securities:

1. A certificate from the workplace confirming the length of service.
2. A certificate of income for a six-month period.
3. The Surety.
4. The lien object.

No need to ask: where to borrow money without interest. All loans at 0% are just an advertising trap. In fact, in the clauses of the contract, there will be commissions and payments amounting to a minimum of 10% interest. In addition, such loans are often accompanied by prohibitions on their early repayment.