How to get a loan (loan) on the security of property - 5 stages of obtaining + review of TOP-4 credit companies

Hello dear readers of the online magazine "Rich Pro"! This article will focus on loans and secured loans: how can I get a loan secured by property and where do I get secured loans without certificates and proof of income.

After reading the article, you will learn:

• What is the meaning of the concept of a loan secured by property;
• What is more profitable to issue - a loan on bail or without it;
• What are the steps necessary to get a secured loan.

At the end of the publication you will find expert advice on how to get a secured loan without any problems.

This article will be useful to those who decide to get a loan on bail. It will be useful to get acquainted with it and those who intend to formalize it in the future. Time is moneyso start reading right now!

We will tell you in this issue about what a “secured” and “unsecured” loan means, where and how to get a loan secured by property, who provides such loans without income certificates.

1. What is a loan (loan) on the security - a review of the concept

So, what is a loan (loan) secured by property.

Secured loan they call a bank lending money on condition that the borrower's property is registered as a pledge.

Secured loans are divided into 2 groups:

1. targeted loans issued for predetermined purposes, eg, the purchase of an apartment or car (we wrote earlier about how to get a loan secured by a car);
2. inappropriate credit the borrower has the right to spend at will.

When applying for a loan as collateral, you can provide the following property:

• the property - apartment, private houses, land, townhouses, summer cottages;
• movable property - vehicles, jewelry, antiques;
• saving - deposits, securities.

Prior to applying for a loan, property assessment is mandatory. According to its results, it is determined cost, which affects the calculation of the maximum possible loan amount.

For example, when applying as collateral real estate the borrower can expect to receive up to 80% its estimated value.

When secured as movable property will have to be content with the amount of from 40% to 70% from the price determined by the evaluation results.

Another important parameter of property transferred as collateral is its age. So, in most cases, a loan can be issued against a car. not older 5 years.

The loan repayment term may depend on the subject of the pledge:

• If real estate is provided as collateral, banks often agree to wait until the loan is fully repaid. 20 years.
• By providing a vehicle as collateral, the borrower can count on the loan term. not more 10 years.

When lending against property, the bank insures its own risks. In case of default by the borrower of obligations under the loan agreement will be initiated trial. Its result is the sale of pledged property. The proceeds from the sale will be used to recover the debt.

To be able to implement the insurance principle of collateral, the bank imposes on the relevant property encumbrance. Despite the fact that it remains the property of the borrower, he will not be able to dispose of it at his discretion.

In other words, the object of the pledge without bank permission not allowed sell, give or perform other actions, accompanied by a change in ownership.

Reducing the risks of the bank allows it to set a lower rate on loans secured than with consumer lending. On average, on the Russian market today it is from 14% before 17% per annum.

Moreover, when applying for a loan using government subsidies, the rate can be reduced before 7-8%. This interest rate is used for social mortgages for certain categories of citizens, as well as preferential car loans with state support for the purchase of domestic cars.

The main documents of the borrower, which are necessary for obtaining a loan, are passport and second documentt. If you have a spouse, in most cases it will be required marriage certificate. (If the spouse will be held in the contract by the co-borrower, he will have to prepare the same package of documents as the direct borrower).

If it is supposed to use a residential building or apartment as security, it is recommended to prepare in advance for the subject of pledge:

• extract from the Unified State Register;
• certificate of ownership;
• extract from the house book;
• technical certificate;
• document confirming the absence of arrears in payments for utilities.

About how and where it is profitable to take a loan secured by an apartment, we wrote in a previous publication.

In those cases when the land plot is the pledge, most likely, it will be required:

• certificate of ownership;
• extract from the unified state register of rights;
• if the site is in a horticultural partnership, a certificate of the absence of debt for payments in its favor;
• certificate from the IFTS confirming the absence of a property tax debt.

Read more about providing a loan secured by a land plot in one of our articles. Also on our website there is a separate article on loans secured by real estate.

With or without collateral - which loan (loan) is more profitable?

2. What is more profitable - a loan without collateral (unsecured loan) or with collateral?⚖

Even before filing an application and choosing a lender, the potential borrower must decide what to prefer - a loan secured or not. It’s far from always possible to obtain reliable information about the benefits and disadvantages each circuit.

Worth considering! Very often, lenders clearly demonstrate the advantages of a program that is beneficial to them, trying to cover up their obvious shortcomings.

That is why the borrower must independently understand the theoretical foundations of comparing two lending schemes.

2.1. Advantages and disadvantages of an unsecured loan compared to a secured loan

Unsecured loans are usually called consumer loans. They suggest that there is no need to provide any property as security.

It's important to know! In some cases, in order to verify solvency, banks require documents for existing property. However a burden on him not overlapping.

Many consider the main plus (+) loan without collateral impossibility of recovery by the bank of the property of a malicious defaulter. However they do not take into account the fact that in case of refusal to fulfill the obligations undertaken, the creditor has the right to sue. By his decision, the borrower can expect the sale of property in order to repay the loan debt.

In fact, the main advantage unsecured loan is lack of a large list of required documents. To obtain small amounts, it is often sufficient to present a passport and a second document at the discretion of the borrower.

Moreover, a loan without collateral is accompanied by less favorable conditions, which can be attributed to it. disadvantages - rate on it above, and term and the amount smaller. This is explained by the fact that when issuing a consumer loan, the bank assumes a much greater risk.

2.2. Pros and cons of a loan secured by property

When applying for a loan secured by property, the borrower can expect to receive larger amounts for a longer period. In this case, the main parameters of the loan depend Not only from the solvency of the borrower, but also from what property is transferred as collateral.

When analyzing an item, a pledge bank always pays close attention to its liquidity.

Under liquidity understand the ability of the property to be quickly and without loss converted into cash. Accordingly, the higher the liquidity, the greater the likelihood that the lender will agree to accept the proposed property as collateral.

There are a number of advantages that secured loans have:

1. low interest rate;
2. high loan amount;
3. long terms of the loan agreement;
4. customer loyalty, the ability to receive money even with problems in the credit history.

Despite the significant advantages, there are several disadvantages of loans secured by property:

1. Volumetric package of documents. In addition to traditional certificates and other documents of the borrower himself, a sufficiently large number of various papers will be required regarding the property that is planned to be transferred as collateral;
2. It is mandatory to draw up an insurance policy for collateral. The costs of this service are borne entirely by the borrower. Moreover, in most cases, the bank itself chooses an insurance company that is in any way associated with it. For the client, this may not mean the best prices for insurance.

It is difficult to say which loan is preferable - with or without collateral. Having studied everything advantages and limitations of each scheme, the borrower must choose the best option for himself. At the same time, it all depends on credit history and solvency, loan objectives, as well as the required amount of cash.

The main stages of obtaining a loan secured by property

3. How to get a loan secured by property - 5 main stages

Statistics confirm that most Russian citizens have too low financial literacy. They issue loans again and again, not having a clear idea of ​​what budgeting is.

The result of a frivolous attitude to lending often becomes that a citizen can no longer cope with paying loans. The expenditure side of the budget is getting too big. However, some borrowers hoping to solve financial problems again make out loans.

As a result, the borrower sooner or later falls into the category of malicious defaulters who have incurred such financial obligations that they cannot fulfill. To avoid such situations, it is important to carefully analyze your own budget. BEFORE applying for a loan.

Experts advise in order to test their own capabilities, as well as to get used to the financial burden, put off the estimated amount of payment for several months. Only if the standard of living does not change, you can begin to arrange a loan.

By the way, savings can either be postponed for a rainy day, securing the so-called financial pillowor use as down payment parts.

If the future borrower realizes that he is able to cope with the financial burden, you can proceed to a loan secured by property.

However, even here, due to low financial literacy, problems may arise. Many potential borrowers are lost, not knowing where to start. In this case, it is useful to use step by step instructionsdeveloped by specialists.

Stage 1. Choosing a Lender

Today in Russia there are a huge number of banks. Choosing the best one is not easy. The task is all the more complicated since in recent years the Central Bank has been increasingly withdrawing licenses from credit organizations.

Borrowers need to understand that the closure of the bank will not lead to the fact that the loan will no longer need to be paid. In fact, the debt will have to be returned to another credit institution.

This may entail additional costs - travel to the place of payment or cashless transfers of funds. That is why it is important to approach the choice of a bank with maximum responsibility.

When analyzing various credit institutions, it is important to pay attention to the following characteristics:

1. term of work in the financial market - do not become a client of young banks that operate less 5 years;
2. financial performanceserious banks publish in the public domain;
3. rating banks are exposed by special rating agencies;
4. Lists compiled by comparison services help you choose a lender with the best loan terms.

When choosing a bank, you should pay attention to availability of benefits. Some organizations provide more favorable conditions for public servants, retirees, as well as customers receiving wages on its cards.

Stage 2. Preparation of documents and application

Today, you do not have to leave home to apply. It is enough to fill out a questionnaire on the bank's website. After a short amount of time, the credit institution will give a preliminary answer. If it is positive, it will remain to visit the bank with the original documents.

It is mandatory to provide the following package of documents:

1. passport of a citizen of the Russian Federation;
2. a second document to choose from the list provided by the bank;
3. income statement;
4. copy of the employment contract or employment book.

Also required documents on the subject of collateral, the list of which depends on the type of property:

• For real estate, an extract from the USRP is required, as well as a passport - technical and cadastral;
• A TCP and a document are presented on the vehicle, on the basis of which the future borrower becomes its owner. Read more about issuing loans secured by TCP can be found in a separate article.

Stage 3. Assessment of the subject of pledge

The borrower has the right to independently order an assessment of the property, which will act as a pledge when applying for a loan.

However, 2 conditions should be taken into account:

1. assessment must be ordered no earlier than six months before the application;
2. some banks accept valuation results from specific companies that are on their list.

Stage 4. Conclusion of a loan agreement

The main document, which contains absolutely all the parameters of the loan, is contract. If at least one point is not taken into account, serious difficulties may arise in the future.

That is why it is important to carefully study the contract. from the beginning to the end. This should be done slowly, in a relaxed atmosphere. Ideally, you should show the contract to a professional lawyer.

It is important to pay particular attention to the following clauses of the contract:

• real rate;
• the presence and size of commissions for various financial transactions;
• conditions for full and partial early repayment;
• the procedure for calculating fines in violation of the terms of the contract, as well as their amount.

Any questions should be addressed. before signing an agreement. If the borrower puts a signature on the contract, he agrees with everything that is written in it.

Stage 5. Receiving money and paying off debt

Upon receipt of funds in a bank account or card, the borrower must verify the completeness of the amount transferred. To do this, just ask a specialist to print payment document.

Along with the signed agreement, the borrower is transferred repayment schedule indicating the date and size of payments. Violating it is not worth it, as this will lead not only to the calculation of fines, but also to a subsequent deterioration in credit history.

You can independently calculate the above parameters thanks to the online loan calculator, where you can quickly calculate interest and payments, as well as the total amount of overpayments with bank commissions:

Using the instructions above, anyone can easily get a loan. It is important to accurately and consistently follow all the steps to get money quickly.

4. Where to get a loan on bail - TOP-4 credit organizations

A feature of loans secured by property is a rather lengthy registration. Therefore, if money is needed urgently and in a small amount, it is often more advisable to use consumer loans or cards.

A huge number of credit organizations makes it difficult to choose the right company for cooperation. Help may be provided by specialists review of TOP-4 credit organizations with better loan terms.

1) Sovcombank

Sovcombank offers its customers a huge number of loan programs, including secured property. As a guarantee, the bank agrees to accept residential and commercial real estate, private house, plot of land.

Sovcombank's uniqueness lies in the possibility of obtaining a loan to secure real estate objects whose construction was blocked.

When applying for a loan secured by property, you can get up to 30 million rubles. In this case, the rate will be from 18,9% APR. You will have to return the money during the maximum 10 years.

Among the requirements of the bank can distinguish residence and residence in the region of the loan. In addition, property should also be located in this area.

Another interesting proposal from Sovcombank is a loan to buy a new car against the security available. The age of the pledged item in this case should be not more 19 years. On this program you can get up to 1 million rubles.

2) Alfa Bank

Alfa Bank developed a huge number of loan programs. Here you can get loans, both with a pledge, and without it. The bank offers favorable conditions for mortgages and car loans.

Credit cards are issued here, the limit on which reaches 1 million rubles. When refunding during 100 days Bank will not charge interest.

Customers who receive wages on Alfa-Bank cards can rely on more favorable conditions and a discount on the interest rate.

3) VTB Bank of Moscow

In this bank you can get various loans on bail: mortgage, car loanalso act non-targeted programs. The maximum loan amount is determined by the selected program.

Bet begins from 13,9% per annum. In addition, special conditions apply for public servants, citizens working in medicine and education.

If difficulties arise, the borrower has the right to use the service credit holidays. It involves the option of not making a payment. during 1-2 months without any consequences.

4) Moneyman

Moneyman - A microfinance organization that quickly issues loans for any purpose. To receive money, it is enough to register on the company website and fill out the form.

Within a few minutes, a decision will be made on the application. At the same time, the borrower's credit history is not taken into account.

You can get in the MFI up to 60 000 rubles. In this case, the rate will be from 1,85 percent per day. You will have to return the borrowed money during 18 weeks.

Choosing where to borrow money, citizens are faced with a variety of lenders. However, a rating compiled by specialists can significantly facilitate analysis and comparison.

In the table below, in a convenient form for perception, the terms of lending in the named organizations are presented.

Table "TOP-4 credit organizations with the best loan conditions secured by property":

We also recommend that you read the publication on where you can take a loan on the card instantly around the clock without failure in the mode online.

5. Where can I get a loan on bail without inquiries and proof of income - 3 popular options

Enormous competition forces credit organizations to make borrowing conditions more loyal. Many of them have recently entered the line of credit programs. loan secured by property without the need to confirm income. This approach allows the borrower to rely on a fairly quick clearance.

Options for processing loans on bail without income statements

There are several types of organizations where you can get a loan of this type. Let's consider each of them in more detail below.

Option 1. Banks

Each bank independently develops loan conditions. Nevertheless, several general parameters can be distinguished.

The main conditions for issuing a loan at the bank are:

• age of potential borrowers should be no less 21 of the year and no more 70 years on the day the contract expires;
• rate depends on a huge number of parameters, on average it varies in the range from 7% to 15%;
• loan repayment period usually does not exceed 15 years.

Advantage banks are enough favorable credit conditions compared to other lenders. However, only those with a crystal clear credit history will be able to take money on the security of property without documentary evidence.

We talked about which banks give loans with bad credit history and arrears in the last issue.

Option 2. Microfinance Organizations

Some consider microfinance organizations an analogue of banks. However, they have few similarities. Far more differences.

Borrowers need to know that the activities of MFIs are regulated by special legislation.

There are several advantages of obtaining loans secured by property through MFIs:

1. High speed design. From the moment of filing the application to crediting the borrowed funds to the card, traditionally several minutes pass;
2. To get a loan, you do not have to leave home. It is enough to have Internet access to visit the MFI website and fill out a questionnaire;
3. The borrower's credit history does not matter.

Most often, microfinance organizations accept real estate as collateral. Less often, they issue loans secured by vehicles.

The main disadvantage lending through microfinance organizations are too high rates. It is important to remember that in terms of loans, as well as in the contract, the daily percentage is usually indicated. The average rate is around 0,5% in a day. The result is an annual rate in excess of 150% per annum.

Choosing a loan in an MFI is worth only as a last resort, when money is urgently needed. At the same time, they will have to be returned very quickly, only in this case the overpayment will be acceptable.

Option 3. Lending through private investors

If for any reason it is not possible to get a loan from a bank or through an MFI, you can try to turn to private investors for help. They are very loyal to both the borrower himself and the subject of the pledge.

To obtain a loan, you only need to submit documents for the property provided as collateral. You can find private investors using specialized internet services.

Read about loans from individuals in one of our articles in more detail.

Choosing a lender is important according to the needs of the borrower. Each case should be considered separately, evaluating which option is suitable in a particular situation.

6. What should the borrower not forget when applying for a loan secured by property - 5 useful tips

Making a loan secured by property, the borrower must be extremely careful. Experts give advice that will help prevent problems, ensure the safety of the mortgaged property, as well as return the money without much difficulty.

Tip 1. It is important to cooperate only with reliable lenders.

Experts recommend not contacting organizations that have arisen recently. It is much better to get a loan in companies operating in the market for a long time.

Ideally, loans secured by property should be taken from banks that are part of TOP 50 Russian credit organizations.

It is important to understand that serious lenders present rather stringent requirements to borrowers and the subject of pledge. That is why often to get money you have to contact unknown companies.

If you decide to use the services of a little-known organization, it is worth conducting a thorough check of such a creditor. To do this, just make sure that the company officially registered and has a license to work with individuals.

Tip 2. Before filing an application, it is worthwhile to calculate financial opportunities

The level of financial literacy of the Russian population remains at a rather low level. Until now, many borrowers first issue loans, and then try to understand how much they can afford to pay it. Naturally, the right thing to do is exactly the opposite.

Important! Budgeting or family budget planning is an important step in obtaining a loan. For this purpose, you can use tables on paper, Excel or specially designed programs. All of them will help the future borrower to calculate their own financial capabilities.

It is enough to enter in the table all expenses and income for a certain period of time, and then compare them. Ideally, the monthly loan payment should not exceed 30% budget revenues.

If every month you have to give about half of the income, the standard of living will inevitably decline. An even larger amount of payments will lead to significant financial difficulties.

Tip 3. You should not get a loan at a bank where a borrower has a deposit.

Experts do not recommend apply for a loan from a bank with which a deposit agreement has been concluded. If difficulties arise, the creditor will direct the deposit funds to repay the debt.

In addition, in case of bank bankruptcy, it will not be possible to obtain the insured amount. Either it will be set off against the debt, or the reimbursement will be paid after the loan is fully repaid.

Tip 4. It is important to carefully study the contract.

Despite the fact that experts tirelessly insist on the need to fully read the loan agreement, many borrowers consider this document a formality.

The end result they can get into an unpleasant situation due to the fact that they did not pay attention to any clause of the agreement. Moreover, the presence of a signature on the agreement confirms the borrower's consent with all its provisions.

Tip 5. You should not take a new loan to repay the old

Low financial literacy of the population leads to the fact that cases of obtaining a loan to repay the old continue to repeat.

Worth considering! Such an opportunity should be used only when the conditions for a new loan are much more profitable.

However, it is better to use programs refinancing or restructuring.

Following the advice of specialists, even borrowers with a low level of financial literacy can easily avoid a huge amount of trouble.

7. Conclusion + video on the topic

The popularity of loans and loans secured by property is growing every day. The availability of high-quality collateral guarantees the borrower favorable conditions and high speed of registration.

However, before using this type of lending, it is worth evaluating your own financial capabilities and exploring all the nuances of the program.

We also advise you to watch a video about loans that can be obtained on the security of your property:

We wish all RichPro.ru readers positive decisions on loan applications. We hope that you will be able to take advantage of the most favorable loan conditions!

If you still have questions about the topic of publication, then ask them in the comments below. Friends, do not forget to share the article on social networks!

Watch the video: Getting Business Loans through Credit Unions with Mark Ritter (November 2024).