I wanted to take out a loan. How to quickly pay off a loan. Real life example

Today, every third Russian is thinking about how to quickly pay off a loan. The situation on the market was and is such that it is not always possible to buy what you want for cash. Therefore, loans were issued, are being issued and will be issued, often under "enslaving" conditions for customers. Of course, there are ideas on how to quickly pay off a loan, but ... We believe that doing this does not always make economic sense.

The only reason why you should not try to pay off the loan ahead of schedule.

Of course, this is a low interest rate. Often banks arrange various kinds of promotions. They do this to maintain brand awareness, as well as to increase customer traffic for the future. These shares are based on interest rates. Or rather, its downgrade. So, if you were lucky enough to get on this action and get a consumer loan at 12-13%%, there is no point in repaying such a loan ahead of schedule. The reason is simple - the constant depreciation of the money supply in the country. Namely, if you extinguish strictly according to the schedule, you practically lose nothing due to inflation. It is over 12% annually. It is wiser to pay according to the schedule and do, for example, hoarding. In this way, you can achieve what you have been dreaming about for so long. Recreation, cottage, car and much more. There are not many such lucky ones, most borrowers still think about how to pay off the loan faster. Before writing this article, we looked at a lot of information material from different sites. Unfortunately, the recommendations are of the same type. Borrowers are encouraged to learn how to save. Pay off the loan according to the rules of some 10 percent. Some, especially resourceful authors, reach the point of absurdity, suggest going on a diet altogether,

until the loan is paid off.

We can say with confidence that there are few ways, but they are, and in this article we will talk about them.

How to pay off a loan faster.

Method one:

Pay off the loan as much as possible. If you plan to repay a loan with an amount greater than in the schedule, be sure to notify the bank employee. The reason for this is an application that must be signed so that the entire amount paid is repaid. Otherwise, only the monthly payment will be debited, the rest of the amount will hang on the account. There is one very important nuance in this method. When making partial early repayment on a loan, be sure to reduce the term, not the amount. The reason for this is that it is psychologically very difficult to pay more. Especially if there is an understanding that there is an opportunity to pay less.
Reduce the term, not the amount of repayment!

Method two:

Credit. Despite the improvement in financial literacy in Russia, a lot of consumers have existing loans of 30% per annum or more. The best way to repay a loan faster, as well as reduce the financial burden, is to re-register a loan with another bank. Refinancing allows you to close an existing loan through registration on more favorable terms. Moreover, today banks offer quite interesting rates. You can reissue a loan at 15-16% per annum. Thus, reducing the payment by almost half and significantly reducing the overpayment on the loan.

Method three:

It would be more correct to say not a method, but a kind of rule. And it must be strictly adhered to!
Never go late. If the payment by date is much later than the salary, make it immediately after receiving the RFP. Thus, we avoid the occurrence of overdue debts. In case of delay, most banks have quite serious penalties. For each day of delay, borrowers pay from 2% of the monthly payment, up to 500 rubles of a fixed amount. Fix may be more. It all depends on the lender's bank.
If these three simple components are observed, dreams of how to quickly pay off a loan will become closer to reality.

At the end of the article, I would like to add that creditor banks often take measures to prohibit early repayment. For banks, early repayment is not very profitable, they lose the interest accrued on the body of the loan. They can act in the following ways:
Setting a moratorium for partial early repayment, for example, for a period of one year from the date of the loan. This means that even if the borrower wants to repay ahead of schedule, the moratorium simply will not allow this to be done. At a minimum, the amount in excess of the monthly repayment will simply hang on the account. As a maximum, penalties will be applied to the borrower.

Important! A moratorium on early partial or full repayment is not legal. Setting a moratorium is prohibited at the legislative level. This is easily challenged in court. And always in favor of the borrower.

Write-off of the monthly payment only on the date specified in the contract. No matter how hard the client tries to make the payment early, the bank will write it off only on the date of the monthly loan payment. And since interest is accrued daily, it will not work to save on paying off the principal debt by repaying it ahead of schedule.

How to get a loan with a bad credit history if they refuse everywhere? Where can I urgently get a cash loan to pay off other loans? In which bank without refusal can I get a loan at a low interest rate?

Hello, friends! Eduard Stembolsky and Dmitry Shaposhnikov welcome you again.

Let's talk about loans today. Money (small and large amounts) may be needed at any time: everyone has their own life circumstances.

In situations where there is no way to borrow money from friends, you have to take a loan from banks or from microloan companies.

We will also consider many other issues - where to get a loan without a guarantor, how to get a loan via the Internet and how not to take extra loans so as not to get into debt.

So, let's begin!

1. What is important to know about the modern market of credits and loans

How to get a loan at a minimum rate? Where to get a loan in cash and non-cash? In a person's life, situations often arise when money is needed urgently and in large quantities.

In such cases, a loan is almost the only way to solve a financial problem quickly and efficiently.

The only thing to keep in mind when taking out a loan is the need to repay the loan.

There are many ways to get a loan, each with pros and cons. You can take a loan from a bank, a microfinance organization, a pawnshop - later in the article, each option will be considered in detail. The main thing is to approach the matter soberly and reasonably assess your own financial potential as a borrower.

Before borrowing, experts advise considering several important points and answering a number of topical questions:

• Do you really need this loan? Are you ready to increase your financial burden? If you buy an expensive thing with the help of a loan, decide - do you really need this thing so much?
• Decide on the loan amount. It's especially good to think about if you decide to take out a multi-year (and sometimes even decades) mortgage.
• Turn on the mind and discard the emotions: in money matters, one should be guided only by a sober calculation.
• If you take a loan from a bank, take care of all the documents, which will help you get money in debt with a minimum interest rate.
• Decide in advance on the purpose of the loan: Banks often offer targeted loans (for weddings, education, car and apartment purchases). Find out which bank is more willing to give car loans, and which one is more profitable to get a mortgage. Many banks offer consumer loans for urgent needs - for such loans, you will not be required to report on what purposes you intend to spend finances.
• Decide which bank to take a loan from. If you already have a salary account or an open deposit in a bank, then its employees will be more willing to consider a loan. At the same time, the interest rate will be more affordable, and in some cases, income statements and other documents will not be required, since the information is already on your account.
• Each reputable bank in its office or on the website places important information for customers - carefully read all the points of the “borrower memo”: This will help you properly apply for a loan.
• Be sure to check with your bank How can I pay off a loan. It is important that this method is as convenient as possible for you. Sometimes delays in payments arise due to the inconvenience of repaying a debt.

observation from life

If the bank employee with whom you are consulting about obtaining a loan answers your questions evasively, reluctantly, or often finds it difficult to answer, do not rush to draw up an agreement - you will surely find some “pitfalls” after its conclusion.

However, banking services are not the only way to solve your financial difficulties. Below we will consider other ways to take money urgently, without a guarantor and certificates.

2. Bad and good loans - what's the difference

Some people have a negative attitude towards any loans. But this is not entirely true.

It is important to know that a loan to a loan is different. The fact is that not many people know that there are good and bad debts.

Let's explain what the difference is.

For example

You took a car on credit, used a car loan (your car can both bring you money and take it away).

You then have 2 options for using the car:

1. For fun. You ride friends (girls), go on trips. At the same time, you pay for insurance, gasoline and maintenance anyway. But to these expenses you also have loan payments added. That is, your car is for you a money devourer or, in other words, a liability. In this case, your credit is bad.
2. For work. You are professionally engaged in private transportation, working in a taxi. Then in a month, let's say you earn 45,000 rubles with a car, and give 15,000 rubles for a car loan. Then your car is an asset, that is, property that increases your income. In this case, your credit is good.

Conclusion: if you take out a loan in order to earn more with it, that is, your profit will be higher than the payments on the loan, then it can be called good.

If you borrow money in order to improve your mood, "show off" and so on, then such loans are bad.

If you want to learn how to make money with good loans and manage your personal finances effectively, then we recommend that you play the Cash Flow game.

There is a popular article on this topic on our site:. In this article, Alexander Berezhnov, our colleague in the HiterBober.ru project, shares his experience of participating in and running this game.

3. How to get a loan without refusal - 7 real ways

It is quite possible to get a loan without refusal and urgently, you just need to know where to go. We have chosen 7 real ways to get cash and non-cash loans.

Method 1. Microfinance organizations

Microcredit is a relatively new financial service. This is a cross between private and bank loans. Microfinance organizations are more willing to lend than banks and do not require a report from the client on the purpose of the loan and other items. The only negative is the small size of loans compared to bank loans.

Microloan- a loan for up to 50,000 rubles for a specific period. Under standard conditions, this is a month from the date of execution of the contract.

To take a loan, you only need a passport (no guarantors are required) and a decent appearance. Microfinance organizations are an option to get a loan for an unemployed person or a person without a credit history.

Advantages of microloans:

• Fast registration: the application is processed in 5-10 minutes, you do not have to waste time collecting certificates;
• A guarantor is not needed;
• You can complete the transaction online at home;
• You can repay the debt within a month or earlier.

This is the most convenient option when you need money right now. Microloans are an alternative way if you were refused by the bank (due to the lack of necessary guarantees). Microfinance companies will help those who want to get a loan quickly and without numerous questions from the lender.

Most of the firms that provide such services operate both in the "ground" points of receipt of applications, and through the worldwide network.

You simply register on the portal and receive money without collateral, guarantors, income documents, information about financial history and other "troubles". On the resource you need to fill out a questionnaire, leave a phone number and go to your personal account.

After that, it remains only to choose the required amount, the term for repaying the debt, agree to the terms of the company and apply for a loan.

You should take only as much as you need: you should not succumb to the persuasion of employees of a microfinance organization to take an amount greater than you yourself want (say 10 thousand instead of 8). A difference of several thousand in case of delay will grow into tangible interest payments.

If you have a Qiwi wallet, it will be even easier to take a loan: the money will be transferred to your account almost instantly after the application is made.

True, the initial loan to the card without providing a financial history will be small ( up to 5,000 rubles), but subsequent amounts will increase many times over. In case of early repayment of the loan, the fee at the rate will be minimal.

If working with the site seems too complicated for you, you can take a loan with a passport at the office of a microfinance company closest to your home. The decision on your request is made literally in 5 minutes.

What determines the interest rate on loans? From two points - the amount and maturity of the debt, which you choose yourself.

Microloans also have disadvantages. The biggest minus - accrued interest. Interest rates in microcredit are usually higher than in bank loans.

Overpayment percentages will become especially high if you delay payment for any reason.

Real life example

Our friend took 20,000 rubles before salary for a gift to a girl. He was supposed to receive his salary within a week. However, there was a delay in the transfer, and then the money was urgently needed for other needs. As a result, a small delay of several weeks cost him almost 15 thousand overpayments.

Conclusion

microcredits are a convenient way to take a day for urgent needs, but they must always be paid on time.

Method 2. Private loans against receipt

Where can I get a loan without a credit history? What to do if the bank and the microfinance organization were refused (it happens)?

There are two options left - to take from relatives (friends) or from an outside private person.

We do not consider the first method: let's say relatives refused, and friends, unfortunately, do not have cash at the moment. Consider the second option - to borrow from a private person, a complete stranger to you.

Announcements of this type can be found at any stop or even at the door of your own entrance: "Money from a private person", "I will lend without guarantors."

It sounds rather strange - why on earth would an outsider suddenly decide to lend money to another outsider? Thoughts of free cheese immediately pop up. In reality, such an operation is quite safe and It's perfectly legal if it's done properly.

A legally competently executed and notarized receipt serves as a guarantee for the return of funds on a private loan.

Such a document looks like this:

We offer you to download the receipt form for receiving funds

If you think about it, the borrower, not the lender, is more at risk in this situation. Private investors always take into account the probability of debt default, therefore they charge impressive interest for their services. Sometimes they are 2 times higher than bank rates on loans.

And one more minus: if for some reason the client does not repay the borrowed funds on time, the investor can apply to a collection company, which will have the right to deprive the borrower of collateral. Lenders may have other, even less pleasant ways to repay money.

That is why this method of getting a loan quickly should be practiced only when you totally sure that you will return the money just in time .

The advantages of this option are obvious:

1. Availability- a lot of offers, giving the opportunity to choose the most profitable option;
2. Efficiency: made a decision, executed a deal, took a loan;
3. Design transparency. The minimum set of required documents and an understandable form of registration is an IOU.

Offers from private traders can also be found on the Internet. Many people with big money are not averse to lending their finances to everyone.

Before you draw up a contract, carefully study its terms, especially the clauses written in the smallest print.

Method 3. Credit card

A credit card (aka “credit card”) is a bank payment card that can be quickly issued at almost any bank. With such a card, you can carry out payment transactions within the limit provided by the bank.

Restrictions on the amount are set according to the solvency of the client, which is determined by bank employees.

The card can be used as a substitute for a consumer loan or a loan for urgent needs.

The main advantage of a credit card is the ability to use a loan without reporting to the bank about its intended use.

Another plus is the constant renewal of credit opportunities after debt repayment.

Also, most cards have a so-called interest-free loan repayment period. That is, if you replenish its balance on time to the original one, then you will not be charged interest.

More useful information - in the article "".

Method 4. Loan secured by property

There are loans without collateral and loans secured by property. An unsecured loan requires guarantors and a large official salary. The total income of your guarantors should allow you to pay off loans in case it is difficult for you.

As a rule, larger loans are issued on collateral. In which case, the bank has the right to withdraw and dispose of the collateral at its own discretion.

You can use as collateral:

• Real estate;
• Personal car;
• Securities;
• Land;
• Other valuable property at the discretion of bank employees and parties to the agreement.

The mortgaged property must be habitable. If it is in shared ownership, the bank requires the official consent of all parties to the agreement.

Throughout the loan repayment period, the borrower has no right dispose of (sell, donate) own property.

Remember that banks always reduce the real value of collateral ( sometimes up to 50%) - in this way they insure themselves against the risks of late repayment of the loan, so that in which case it is profitable to sell the property.

Method 5. Pawnshops - quick cash loans

Most people have valuable items that can be pawned for cash. These institutions willingly accept jewelry, gold and antiques, however, the assessment of such things is not always adequate to their real value. If the thing is dear to you as a family heirloom, take care of its timely redemption from the pawnshop.

If you failed to redeem your property on time, it becomes the property of the pawnshop - then the office disposes of things at its discretion. Usually, the organization sells such things to the same lovers of valuable things directly from its counter.

Some value-buying companies accept, along with jewelry, modern mobile devices, expensive equipment in good condition, sometimes even cars. Such companies call themselves digital technology pawnshops.

In any case, any valuable thing, whether it's an expensive mobile phone, an LCD TV or a gold ring, can bring you money without even being sold.

Things to consider when dealing with pawnshops:

• transactions for the delivery of property to a pawnshop can be performed only by adults;
• a passport is required;
• a fee is charged for storage;
• the return of property is carried out after the payment (return) of the full amount of borrowed funds;
• rough stones (semi-finished diamonds) are not accepted by pawnshops.

A significant minus of pawnshops when obtaining a loan is the valuation of your item below the real value of things due to the specifics of the business.

Method 6. Credit brokers

A loan broker is a kind of intermediary between banks and borrowers. The broker selects the best lending schemes, interacts with appraisal and insurance companies, fully accompanies the financial projects of its clients.

For their services, the broker, of course, takes a certain fee, measured as a percentage of credit transactions. Based on individual agreements with banks, brokers can offer their clients more attractive conditions.

Real life example

Our friend Andrei had a need to get a large amount of money from the bank. At the same time, he had to be present on a business matter in another city: he simply did not have time to complete the transaction and collect the necessary documents.

Andrey decided to entrust his affairs to a reliable credit broker (a member of the association of brokers) and was not mistaken: he saved time and at the same time received a more favorable interest rate.

Method 7. Borrow from friends

Also, by the way, the option of obtaining a loan. If you respect the peace of mind of your friends and family, you can formalize the loan by notarizing it.

Friends are unlikely to take interest on loans from you, but if it was a substantial amount and a long repayment period, you should thank your creditors with a good gift.

And in the end, we wanted to show you a visual comparison table of various loan options:

№		Time spent	Cash costs (overpayment)
1	Bank loan	1-5 days to collect documents	10-28%
2	Microloan	5-30 minutes	15-50%
3	Pawnshop	On the day of referral	5-10% commission
4	Credit Brokers	From 1 day	by agreement

4. Where can I get a quick loan - TOP-7 trusted banks

We present a list of banks that offer adequate interest rates, work quickly and rarely refuse customers.

1) Tinkoff bank

Accelerated loan processing up to 70,000 rubles. This microfinance organization operates exclusively through the Internet. It is enough for the client to make an application by filling in a few required fields, and loans for a period of 5 to 18 weeks will be available to him. If during this time you do not have time to repay the debt, you have the right to extend the terms of the loan.

Early repayment of the loan is not prohibited. For each day of using the company's funds, you are charged 1.85%. The first loan is up to 10,000 rubles. If you repaid the loan on time and in full, larger amounts will become available to you. Of the documents, you only need a passport. Funds are transferred to the card instantly after the approval of the loan.

Real life example

Natalia (an acquaintance of our acquaintances) has already issued a loan for the purchase of technological innovations for the third time in a row. She needed her first loan to buy the latest smartphone model from a well-known company.

The second was spent on the purchase of a tablet from the same company. Now it's time to get a new laptop. Salary in a beauty salon is only enough to pay off one of the 3 loans. What to do with the other two Natalia has not yet figured out.

Why it happens? Is it really difficult to master at least the basic concepts of financial planning? Psychologists say that the reasons should be looked for much deeper.

People who take loans for immediate needs subconsciously believe that they will not be able to make such purchases in the future - in other words, they do not believe in themselves.

6. Conclusion

Let's sum it up, friends!

We told you about where to get a loan, the types of loans, how to get them and alternative options. In conclusion, we add that, of course, one should not be afraid of loans, but a frivolous attitude towards them is also dangerous.

Related posts:

According to banking statistics, on average, two out of ten loans are repaid ahead of schedule. Mortgage lenders are especially actively seeking to get even with a loan early. In second place are users of car loans, in third place are borrowers who have taken consumer loans for personal needs.

If Western borrowers, in most cases, calculate the terms of their lending a hundred steps ahead, scrupulously assess their financial capabilities, micro- and macroeconomic risks, in Russia, credit decisions are made by borrowers much more impulsively. This partly explains the current paradox of Russian life: everyone is waiting for a crisis, but more and more loans are taken.

Overdue debt in the face of economic instability is growing by leaps and bounds - according to the Central Bank in July 2012, the volume of overdue loans for the first half of the year amounted to 310.2 billion rubles (the first places among "bad" loans are occupied by consumer loans and credit cards).

But at the same time, the share of loans repaid ahead of schedule is also growing, especially on mortgages: over the past four years, the volume of such loans has almost doubled.

Currently, the rush demand for loans is balanced by currency fluctuations and negative economic forecasts. In fact, borrowers behave according to the principle of "want and inject". "Recruits" of the credit market are optimistic and carry applications to the bank for substantial amounts. At the same time, according to market experts (credit brokers and financial consultants), about 70% of borrowers intend to repay their debt ahead of schedule.

Those who have already taken out a loan are much more concerned about macroeconomic risks. Many borrowers are closely watching the growth of the dollar and economic news reports. The most far-sighted make reserves in order to rush to the bank in the event of another "black August" and close the loan before it becomes a real stone around the neck. Meanwhile, a crisis (including a hypothetical one) affects different types of loans and early repayment opportunities in different ways.

Banks also issue conflicting "signals": on the one hand, they declare the absence of penalties and a moratorium on early repayment of loans, on the other hand, they invent tricky conditions to slow down the "agility" of especially zealous payers.

Why banks don't like early adopters

At first glance, this seems very strange: after all, the debtor fully returns the money taken from him to the creditor, and even with interest! Meanwhile, the reasons forcing credit institutions to be dissatisfied are very simple. Early repayment of a loan for a bank in many cases equals lost profits.

Let's look into this in more detail. Suppose a borrower, having fallen into a difficult financial situation, stopped paying on a loan. In this case, the bank usually remains at a loss. He is highly likely to recover the overdue debt with the help of collectors or through the courts, receive additional fines and penalties, or sell the debtor's property taken as collateral (for example, a car or a mortgaged apartment).

Well, what happens if the loan is paid off ahead of schedule? The bank has to change the payment schedule and recalculate interest, reducing them not in its favor.

Early repayment of a loan - making by the borrower a lump-sum payment in an amount exceeding the mandatory monthly payment (partial repayment) or in an amount equal to the full balance of the debt, taking into account accrued interest (full repayment). With partial repayment, the bank can recalculate monthly payments downward and reduce the loan term. Upon full repayment, the bank recalculates interest, since they can be charged only for the period while the borrower actually used the loan (that is, until the moment of full repayment). With a large loan amount, a long initial term and early repayment, the borrower's benefit can be very significant.

Banks put a barrier to early repayment

Now let's look at an example. You have issued a loan of 100,000 rubles for a period of 12 months. The effective interest rate is 24% per annum. So, for the year you have to return 124,000 rubles to the bank. After three months, you decide to pay the full amount of the loan and close the contract. But according to the law, the bank has no right to take interest from you for the remaining nine months - after all, in this period you will not use the loan, that is, the bank's money. Therefore, your decision to terminate relations with a credit institution ahead of schedule will result in lost income for the bank in the amount of 18,000 rubles. We gave a conditional example, but in practice we are often talking about much larger amounts.

Of course, banks partly insure the risk of "early closure" even at the stage of concluding a loan agreement, when calculating an annuity payment.

The composition of the annuity, in addition to the principal amount, includes interest and commissions. At the same time, the borrower pays the bulk of the interest as if in advance - most of the money from the monthly installment serves not the "body" of the loan, but the accrued interest.

The closer to the end of the term, the lower the interest becomes, and the greater part of the payment goes to repay the principal debt. And with early repayment, the payment schedule breaks. Interest paid in advance becomes for the bank what the law dryly describes as "unjust enrichment." And this is another important reason for the dislike of banks for early repayments. After all, in fact, the lender owes the borrower! And the borrower has the right to demand a recalculation if the bank did not do it himself, and demand the return of "extra" interest and illegal commissions (based on Article 809 of the Civil Code of the Russian Federation).

The borrower, on the other hand, has now gone literate, having become proficient in both credit products and civil law: lawsuits, which are often filed by former debtors, serve as evidence.

So banks have every reason to motivate borrowers not to repay loans ahead of time. In the course are also moratoriums on repayment (usually for a period of 3-6 months), and prescribing various commissions in the contract. Although this is not entirely legal, but - freedom of contract is freedom of contract: if the borrower signed the paper, therefore, he agreed with everything that was written in it. Including fees for early repayment.

According to Federal Law 284-FZ dated October 19, 2011, in the event of early repayment of a loan, the bank is entitled to receive from the borrower only interest accrued, inclusive, up to the day the loan was repaid. The only restriction for the borrower is the need to notify the lender in advance of his desire to repay the loan ahead of schedule at least 30 days before the repayment date. By agreement of the parties, this period may be reduced. By law, banks also do not have the right to prescribe in the contract any prohibitions on early repayment, including penalties, fines or commissions. In practice, this rule is often violated, including through subtle legal formulations (for example, a commission can be called a “bank fee”). However, the borrower has the right to claim illegally paid commissions, including through the courts (the limitation period for a loan agreement is 3 years).

The above applies only to loans intended for personal needs of individuals. If a loan is issued by an entrepreneur for business purposes, early repayment is possible only with the consent of the lender specified in the contract.

Creditors who care about their own benefit can be understood. But are there any objective reasons for the borrower to refuse early repayment? As mentioned above, this depends on the type of loan, the individual situation and the macroeconomic environment.

Consumer loans "lose weight" with inflation

When it comes to the crisis, most people are afraid of inflation and the associated rise in prices. But even first-year students of economic universities know that inflation is beneficial for debtors. With a general rise in prices, consumer loans are rapidly “losing weight”. Interest rates in any case rise more slowly than prices. As a result, the debtor gives back less money than he borrowed, although the amount remains the same. And parting with a monthly payment is the easier, the less real goods you can buy with this money.

The same can be said about car loans. But for car loans, early repayment has another important benefit - the sooner you pay off the loan, the sooner you can sell or change the car without the consent of the bank. And in conditions of financial instability, this is a great help. However, with inflation, not only the loan, but the car itself can significantly lose value.

So in the case of a consumer or car loan, the question of “to repay or not to repay” is largely decided by the individual situation of the borrower. Pay off - save a little on interest, you will pay according to the schedule - in principle, you will not lose anything, and even win with inflation. But experienced financial consultants advise using only free money for early repayment, and not pulling veins out of yourself, giving the latter. The logic is simple: give the bank more than you really can - you run the risk of having to take out a loan again. And if the economic situation worsens, the conditions for granting a new loan may be less favorable.

Fuss about currency

As practice shows, when there is a threat of devaluation, those who have taken a loan in foreign currency are the most panicked. Moreover, the euro now inspires even more fear than the dollar. If you receive a salary in rubles, and not in foreign currency, at the first sign of instability, it makes sense to think about early repayment of the loan. Otherwise, your debt service costs may increase significantly (remember that same "black August" -98). An alternative to early repayment can only be the termination of a foreign exchange agreement and the conclusion of a new one - converted into rubles. Many banks go for it, but the position of the borrower will still not be sugary: after all, the amount of the recalculated loan and, accordingly, the monthly payment, is likely to be very solid.

Mortgages are torn from bondage

With a mortgage, the situation is exactly the opposite: repaying it ahead of schedule is beneficial for the Russian borrower. Moreover, it is always profitable, no matter what the bankers say. Pluses - the sea: saving on interest, which is very high in our country, getting the opportunity to fully dispose of property that becomes your asset, the ability to break the mandatory insurance contract and free the family budget from additional burdens, increasing social mobility, etc. The only negative is that not everyone and not always manages to quickly find free funds for early payment, moreover, there is a risk of falling income. And during a crisis, mortgage apartments often reappear on the market: they are sold either by banks or by the borrowers themselves with the consent of the bank in order to repay an unaffordable loan.

So, if you really have a real opportunity to "close" your mortgage debt early, don't hesitate. You will win in any economic situation.

Here it is worth mentioning another paradox of Russian life. In the West, mortgage borrowers tend to "stretch" the repayment terms as much as possible, sometimes for 30-40 years. And in no case will they close the debt ahead of schedule. This is due, for example, to the desire to save on real estate tax: in most Western countries, housing mortgaged to a bank is not subject to such a tax. Or (as in America) reduce income tax (the base from which it is calculated is reduced by the amount of payments). Banks also pursue a reasonable policy, trying to make the borrower's stay in mortgage bondage convenient and enjoyable. What they do well is due to low interest rates and various ways to reduce the monthly payment.

But Russia has its own special path in this regard, at least for the coming years.

Summarize

If you decide to pay off the loan early, start by studying the loan agreement (especially if you are an entrepreneur). Evaluate all the pros and cons of your decision. In particular, think about whether your desire to close the debt as soon as possible will result in an urgent need for new lending (in simple terms, do not take off your “last shirt” if the payment schedule is convenient and the loan does not eat up more than 20% of income). Keep in mind that banks sometimes put “early” on the ban list, that is, a list of those who may be denied the next time they apply for a loan: financiers do not like to miss out on profits.

At the same time, early repayment, especially made not at the beginning, but towards the end of the "route", will be a plus in your credit history. And do not be afraid of the crisis: with proper credit risk management, it is not so terrible.

Anastasia Ivelich, expert editor

A good job, a “white” salary and a positive credit history do not yet guarantee a 100% loan. Sometimes banks refuse credit even to the most trustworthy clients. As a result, honest borrowers sincerely wonder why they are denied a loan, because all the requirements of the bank are met. If you are denied a loan, the reasons can be completely different:

• Borrower's bad credit history is the most common reason for rejection. Some banking organizations turn a blind eye to small delays and late payments, issuing a loan at a very high percentage, but the vast majority of banks will never issue a loan to a borrower who has a bad credit score. Reason for loan denial may also be a lack of credit history. If the borrower has never taken loans or microloans, he may be considered unreliable.
• The borrower does not meet the requirements of the bank. As the main requirements, banks put forward a certain age, length of service at the last place of work, as well as the level of salary and references from work. If you do not meet at least one of these criteria, the bank will refuse to provide a loan.
• Outstanding loans. If the borrower has 1, 2 or 3 outstanding loans, but he pays them on time, the bank may also refuse to issue a loan, believing that the borrower cannot cope with his debt obligations. An important role in this case is played by the amount of wages, if it is able to cover another loan, with a balance for a living wage, then the loan will most likely be issued.
• Black list . Banks have a so-called "black list" of borrowers, which they willingly share with each other. If you have had unpleasant incidents with fin. the institution where you took out a loan, you can be sure that you will get there. Also on the black list are people who tried to take a loan fraudulently, using forged certificates or other documents, etc. Once in the black list of one of the banks, you are unlikely to ever be given a loan.
• Loan amount and term. Strange as it may seem, the amount of the loan is also crucial. Banks study the debt load of the client, taking into account their plans to extract benefits. If the monthly loan payment is 40-60% of the borrower's monthly salary, he will most likely be denied a loan. If the loan amount is small, and with a confirmed salary of the borrower, he can pay off the loan in a couple of months, he may also be refused. After all, it is almost impossible to make a profit from such loans. The longer the term, the more money the bank will earn.
• Applying for a loan from several banks at once. If you have submitted an application to several banks at once, be aware that information about this will appear in the CBI and the bank will certainly find out about it. In this case, you may be denied a loan, assuming that you have financial problems.
• Appearance of the borrower and behavior during the interview. Even if your documents are in order, you meet all the requirements of the bank and brought a certificate of salary, you may still be refused. The reason is an unpresentable appearance, alcohol or drug intoxication, nervousness when communicating with a bank manager.

A credit consultant evaluates the appearance, behavior of the borrower and puts a certain status that corresponds to her personal considerations regarding the client. One tick can deprive an honest person of a loan or vice versa. Not the last role is played by the presence of visible tattoos.

Sberbank - refused a loan. Where to get a loan?

Sberbank refused a loan, what to do, what to do? Topics with similar questions are found in many forums. Borrowers are interested in why Sberbank refused a loan, but there is no exact answer to this question. This bank has very strict requirements for its customers; getting a loan here is quite problematic even for exemplary borrowers with a positive credit history and a high salary certificate. The only right decision in such a situation would be to apply for a loan to another bank, since there are plenty of them. If you have doubts about your credit history and want to check it, you can order a credit report online

Get your credit history online

I was denied a loan, what should I do?

If you are everywhere denied credit try to improve your credit history. This can be done with the help of microloans in the Platiza MFI. You need to take and pay back a few small loans.

Here, the requirements for borrowers are much more modest than in banks, and almost everyone can get a short-term loan. Information about a couple of microcredits returned on time will definitely appear in your credit history, which will undoubtedly improve it. This is not done in one day, but you can count on receiving a loan in the future.

If you need a small amount of money and the banks refused, you can take a loan from the same microfinance organization. You can be granted a loan of up to 80,000 rubles for a period of up to 1 year. An alternative solution would be to appeal to private investors.

If such options do not suit you, and you want to get a loan from a banking organization, it is better to contact certain banks, where the percentage of issuance is the highest, and the requirements for borrowers are minimal.

Another option is to contact a loan broker who can help you get a loan or tell you what is preventing you from getting a loan.

Below are the ads of trusted brokers

Banks that refuse to lend

Banks that do not refuse a loan do not exist, there are banks that are very loyal to customers and issue small loans to problem borrowers at a very high interest rate. It is high interest that justifies all the risks.

For example, you can get a loan without a credit history at RosGosstrakhBank, Vostochny Express Bank, Tinkoff, Russian Standard and Probusinessbank. Fairly loyal terms to the borrower and Renaissance

Application for a cash loan at RenCredit

If you have a damaged credit history and large banks denied credit, contact KB "Let's go" for help. The specificity of this organization is in the unusual design of the loan. There is no scoring (computer program) that decides to give or not to give. Here everything is decided by a living person, a credit consultant who serves you. Of course, CI is checked here, but if you are convinced that you really will return everything, you can get a loan without any problems.

A similar scheme operates in Probusinessbank, which allegedly lends on trust. Of course, these are all fairy tales, but the percentage of approval here is very high. Despite the delays and the presence of outstanding loans, you can get a small loan up to 100-150 thousand rubles.

Vostochny Express Bank is very loyal to borrowers. Here you can get a second loan, even if the first loan is not repaid and there are big delays in payments.

Loan from Vostochny bank

Russian Standard will be unshakably present in the list of banks that do not refuse credit. You can get a small amount of money or a credit card even with monthly delays in loans from other banks. Home Credit Bank is a little more demanding on customers, although here it is quite possible to get a loan with a bad CI.