How to issue an interest-free loan?
How to issue an interest-free loan?
Uninformed people believe that to issue a loan withoutpercent is impossible and continue to use expensive banking products: short-term loans at high interest, loans in pawnshops against property collateral, etc.
What is an interest-free loan? Such lending is available in each bank and represents a period of concessional lending. This is the best way to apply for a loan before your salary.
The main features of concessional lending
- Usually the agreement establishes terms not exceeding 90-100 days.
- The minimum loan amount varies from 30 to 50 thousand rubles. Sometimes a decision is taken to increase it.
- Having a good credit history, as well as providing a full package of documents for the loan.
To draw up a credit card can be almost anyone who has collected the necessary documents and has a good credit history.
For the approval of concessional lending, you can additionally provide the following:
- Documents of a solvent guarantor.
- Real estate or car as collateral;
- Certificate of absence of previous conviction.
- Certificate from the place of work.
In addition, the length of service and the age of the future borrower are also taken into account. The longer the service period, the more loyal the credit institutions can offer.
A significant plus of this loanis that you can use it unlimited times. The main thing to remember is that it is necessary to repay the debt on time. Of course, interest-free credit will not be beneficial for everyone, since it is not designed for long-term use of borrowed funds. However, for someone it is the only way out to acquire the desired thing and not wait for the accumulated amount of money.
