The consumer loan is ... The interest rate of consumer credit in Sberbank

Crediting has become firmly established in the life of our compatriots as an opportunity to quickly receive money for certain needs. Thanks to this service, a person does not need to borrow from friends or for many years to save money to make, for example, a major acquisition. You can simply go to the bank and arrange a loan, and then monthly give it in small parts. In our country, consumer lending is the most popular. It's fast, simple and convenient.

What is consumer crediting?

Consumer is a loan granted to individuals for various acquisitions to meet household, personal and other non-production needs. Usually, it is intended for the purchase of goods in which the borrower is in need, but at the moment does not have the necessary amount of funds. It can be the purchase of real estate, vehicle, household appliances, payment of education, medical services, tourist vouchers.

A consumer loan is a loan that has a maturity of three months to five years. Its amount is relatively small, calculated on the basis of the borrower's income. The currency and method of obtaining are chosen independently, most often Russians prefer to receive money in cash and in rubles. A consumer loan is a loan that requires a minimum package of documents. Therefore, registration takes place quickly. The main drawback is high interest rates on consumer loans.

Types of consumer loans

There are several types of consumer lending. They are classified according to different criteria.

Form of issue:

• Non-cash;
• spot;
• credit card.

Maturity:

• Short-term - consumer credit for a year or less;
• Medium-term - duration of 1-5 years;
• Long-term loan for 5 and more years.

Method of payment:

• differentiated;
• Annuity;
• Overdraft on the card.

Availability of collateral:

• Unsecured;
• Under a guarantee;
• On the security of property.

Purpose of lending:

• Target - to purchase a specific product or service;
• Non-targeted - for urgent needs.

Each type of loan has its own characteristics - the conditions for obtaining, the interest rate, the requirements for the borrower, etc. In addition, it is worth carefully weighing before taking a consumer loan, in which bank it is better to formalize.

Lending conditions in Sberbank

Sberbank is an institution that started its activity in 1841 and today it is a real giant of the banking structure of Russia. Consumer lending is one of its most popular services. It has high requirements to confirm the client's solvency and favorable interest rates.

In this institution there are several consumer lending programs:

• Without collateral;
• On the security of property (transport or real estate);
• With surety guarantees;
• To pay for education;
• On special conditions for military personnel.

You can get cash in cash or by cashless way. In addition, in rubles or in foreign currency, Sberbank issues consumer loans. The interest rate, the term, the amount depends on the type of loan. Debt is repaid monthly or quarterly.

Requirements for the borrower

Consumer credit is a service for obtaining which it is necessary to meet the criteria put forward by Sberbank to the borrower:

• Age from 18 (if the loan is without security, then from the 21st) to 65 years;
• Positive credit history;
• Continuous experience at the current place of work from 6 months;
• The general working experience is not less than one year;
• Availability of appropriate official income.

Required documents

To apply for a loan, you should fill out a questionnaire at the Sberbank office. It will be reviewed within a week and will provide an answer. When making a loan, you need a package of documents: a passport of a citizen of the Russian Federation with the indicated place of registration, a 2-NDFL form with data on the place of work, a certificate of income, documents for property offered as collateral, or a passport of the person who acts as a guarantor. The authenticity of all these data is very carefully checked, therefore only truthful information should be indicated.

Interest rate of Sberbank

When drawing up a consumer loan, Sberbank, like other banks, accrues to the customer the interest rate for the use of funds. Its size depends on several factors:

• Amount and term of the loan;
• Official income and credit history of the borrower;
• Presence of a guarantor or a pledge;
• Participation in client programs of the bank;
• Type of loan;
• Way to receive money (cash, credit card).

The table below shows how Sberbank offers consumer loans. The interest rate on a loan issued in rubles is as follows:

It can be seen from the table that the highest percentage will have to be paid for a consumer loan, which is quickly drawn up and does not require additional collateral. If you want to get a loan with a smaller overpayment, consult the manager of Sberbank. He will suggest possible ways to reduce the interest rate.

Positive aspects of consumer lending

Before you commit yourself to monetary obligations, it is worthwhile to assess all the pros and cons of consumer lending in Sberbank.

Due to its merits, this bank has become the largest in Russia and cooperates with the largest number of customers.

1. Stability. Borrowers can be assured of this lender, since it works with the support of the state.
2. Low interest rates. Their accrual depends on the type and term of the loan, as well as the availability of its collateral. Interest in consumer loans in the Savings Bank is significantly less than in other institutions.
3. Possibility of early repayment. For the payment of a loan before the appointed time no penalties and commissions are charged.
4. The differentiated scheme of payments. Each month, the amount to be paid is reduced. This way of repaying the loan is most beneficial for the borrower.
5. No hidden commissions. Loan conditions are transparent. The client saves money and knows what he paid each ruble for.
6. Credit calculator. With the help of the service posted on the Sberbank website, you can independently calculate the interest rate, monthly payment, etc.
7. Attached Credit Inspector. The employee of the bank, which deals with credit processing, is assigned to his client and monitors the repayment of his debt. If problems arise, the inspector helps to solve them.

Disadvantages of consumer credit in Sberbank

There are some points that borrowers attribute to the shortcomings of consumer lending in the Savings Bank:

• Absence of microcrediting, the minimum amount is 15,000 rubles;
• High demands and serious verification of the package of documents;
• Consideration of only the official income of the client;
• Mandatory collateral (guarantors, pledge).

Consumer credit is a simple and quick way to purchase the necessary thing or service. However, it will have to overpay a rather large amount, because interest rates are quite high. Preliminary it is worth carefully weighing all the pros and cons and only then apply for a loan.