Bank is in special demand among citizens. This is due to the fact that, in comparison with other credit institutions, bank offers to issue a cash loan on mutually beneficial conditions.
Cash loan: conditions and maximum amount
It is worth noting that bank offers a cash loan of two main types: standard and special programs.
In turn, standard loans include:
- Cash loan without collateral . This type of loan can be issued quickly and extremely simply. Under this program, a bank limit of up to 1.5 million dollars is provided for a period of up to five years. The size of the annual rate will depend on the loan term, on the currency, on the income and banking history of the borrower and may vary from 17 to 26%.
- Cash loan with guarantors . In this case, you can get a loan in the amount of up to 3 million dollars, for a period of five years at an annual rate of 17 to 26% per annum.
Special lending programs include:
- Cash loan with collateral . Here the amount is much higher and the borrower can count on up to 10 million dollars, but the loan amount should not go beyond 70% of the value of collateral. The lending period is seven years. The annual rate is from 13.5 to 15.5% per annum.
- Education loan . Under this program, you can apply for a loan to pay for tuition at any institution of higher education located in the country. The loan is provided only in domestic currency, and the amount should not exceed 90% of the cost of all training. A loan can be obtained on privileged terms, that is, for a period of 11 years at a rate of 12% per annum.
This program also includes a loan for education with state support . Under this program, you can apply for a loan to pay for training for those citizens who apply for this type of loan for the first time, and most importantly, those who have passed the selection and become a member of the state program. The loan term consists of the time of study at the university plus ten years, the annual rate of 5.06%.
Other types of loans at bank
Of course, bank offers other lending programs. This is a mortgage, car loan, housing loans, etc.
A housing loan helps many borrowers to build their own home or buy ready-made housing, and even a garage. bank cannot ignore mortgage lending, which can be used to obtain a loan secured by acquired or existing property. The bank accepts funds of maternity capital as a first installment.
Another service of the bank, which began to be in great demand among the bank’s customers, is the re-lending of housing loans, that is, the bank provides cash to pay for a housing loan received earlier in another banking structure.
A car loan is provided for the purchase of both a new and a used car. It is worth noting that bank cooperates with many representatives of the foreign and automotive industries. Car loans can be issued for a period of five years, the annual rate starts at 15%.
And the last thing you should pay attention to is that getting a loan at bank is much more difficult than at other banks. The security service works at the highest level, which means it will not work to deceive the bank employees. But, if everything is in order with the documents and you approach the bank as a borrower, then you can get a loan at a good interest.