Is it possible to get a car loan without a certificate of income and guarantors? How to get a car loan with two documents? How to increase the chances of getting a car loan without proof of income?
A car loan without certificates means no documents confirming income. A few years ago, getting a loan to buy a car on such conditions was unrealistic.
Now banking institutions have become more loyal to potential customers, since the demand for loans from citizens is no longer the same as before the crisis. Financial companies need to somehow survive - hence the decrease in mortgage rates and the issuance of targeted loans on the most "humane" conditions.
If you cannot officially confirm your income, but you still want to drive a car, then welcome to banks that do not need your certificates - they will believe you without them. How to get a car loan without certificates, I, Denis Kuderin, an expert on financial issues, will tell you right now.
We sit down comfortably and read to the end - in the final you will find an overview of banks where they give loans on favorable terms, plus tips on how to increase the chances of issuing a loan without certificates and guarantors.
1. Can I get a car loan without certificates and guarantors?
Banks are serious organizations. They do not like to risk their money without guarantees of its return, therefore, when issuing loans, they ask clients to provide extensive list of documents confirming their identity and financial status.
However, time makes its own adjustments. Lower demand is forcing financial institutions to work even with those clients who cannot provide them with the full package of required documentation.
Banks began to treat customers "Softer", and look at lending issues "Shirshe".
They introduce programs, according to which those who wish to receive a car loan only on two documents - by passport and driver's license... If you do not have a driver's license, a military ID, TIN, passport or insurance certificate will do.
This option is suitable for those who have no official income, but there is a desire to acquire your own transport.
Issuing loans without certificates and guarantors, banks are at great risk.
To mitigate risks, financial companies do the following:
- Raise the interest rate- the difference between car loans with and without certificates is from 2 to 5%.
- Increase size down payment - in some banks this figure reaches 50%.
- Reduce lending amount- in different banks their limits.
- Reduce loan term- they won't give a loan for 7 years. We'll have to limit ourselves to 3 years, or even 1-2.
- They register property as a pledge- in our case, the purchased car becomes a pledge.
- Require compulsory registration of CASCO insurance- in case of loss of the car, the compensation will go to pay off the debt.
Lending programs without reference are sometimes called “ express loans". Such offers are available to customers with impeccable credit history and a positive reputation. In this case, the car will have to be purchased in partner dealership at the price that the seller will assign.
Standard requirements for borrowers:
- age from 21 to 65 years;
- Russian citizenship;
- residence in the region of the bank's presence;
- lack of unsecured loans in other financial institutions.
The main disadvantages of loans without certificates are you pay more, loan terms are shorter, the load on the personal budget increases to the maximum.
Example
For comparison - in VTB a car loan for a car " Suzuki»Cost in 1.5 million rubles without certificates it will cost 19,9% per annum, with proof of income - in 16% ... In the first case, the loan term will be 3 years, in the second - 5 years... First installment - 40% and 20% respectively.
The plus is that the loan is processed faster. The bank makes a decision to issue a loan literally in a few hours, and the offer remains valid for 3 months. If you find a more profitable one during this time, use it.
There is another option - apply for a car loan through a car dealership... It happens that dealerships offer preferential programs from car manufacturers of specific brands. At the same time, a car dealership usually has several partner banks - it will not work in one, it will definitely work in another.
2. What banks pay attention to when issuing a car loan - 3 main points
It is not easy to get a car loan for young people and retirees. It is relatively easy for all other categories of borrowers to do this.
There is 3 highlights which banks pay special attention to.
Moment 1. Production and age of the car
As a rule, car loans without income certificates are issued for new cars... It is much more difficult to buy a used car with such a loan. Even if you manage to find a bank that will issue money for a used car, it will present special requirements to transport.
In particular, the car should not be over 8 years old and have more than 3 owners in the past. In addition, it must be purchased officially - through a dealership.
Car loans without certificates are issued for new cars
State support - sale of cars on credit on preferential terms - applies only to domestically assembled cars with a value of no more than 1.5 million rubles ... If anyone does not know, in the Russian Federation they collect not only VAZs, but also cars of foreign brands from " Audi" before " Toyota”, So this condition does not particularly restrict the choice.
Moment 2. Age, citizenship and work experience of the borrower
A loan on 2 documents without a 2-NDFL certificate and guarantors is issued to citizens over 21 and under 65 (in some banks, the upper limit is 55 years). If the borrower is a man under 27 years old, they will require a certificate from him that he not subject to military conscription(it is difficult to pay a loan while serving in the army).
Registration in the same region or city where you are applying for a loan is required. They also require at least a year of work experience (for some banks, half a year is enough). And it is desirable that at the last place of work you worked at least 4-6 months.
If you are an individual entrepreneur, it is necessary that the period of your economic activity also exceed 12 months.
Point 3. Credit history
The bank checks the client through credit bureaus and through their channels. The presence of unsecured loans in other banks almost always means a refusal to issue new ones. The complete absence of a credit history is not an analogue of a good one.
To earn a reputation as an accurate payer, you need to have several closed loans without delays and complaints from the bank. The easiest way to do this is by applying for a credit card for a small amount and repaying the loan on time. Or take it from a company that transmits information to the BCI.
3. How to get a car loan on two documents - 6 simple steps
I have already said that there are 2 options to borrow money for a car - through the salon or directly at the bank. The best option is to apply for a loan at the institution where you already have an account.
For example, I have a salary card Alfa-Bank left over from the past employer. I turned to the bank about a car loan, and they answered me the following: 2 documents will be enough for you, but in case of doubt, the bank has the right to request additional information.
The bet for me will be 12,49% against 15,99% on standard terms. This is me for what is useful to have salary card.
If you choose to lend through a bank, a step-by-step guide will come in handy.
Step 1. Choosing a bank
If you do not have an account with a specific bank or you are not satisfied with the terms of lending in " his»Institution, look for more profitable and comfortable options. It happens that small regional banks offer more enticing programs than institutions with an extensive network of branches throughout the country.
But small banks have their drawbacks. If they go bankrupt or lose their license, you still have to pay. At the same time, you will need to follow the news and inquire about the new terms of debt repayment yourself. You may not be notified of all the circumstances, and then ... you will be summoned to court to collect the bail.
When choosing a bank, be guided by:
- independent ratings;
- reviews of clients, acquaintances, relatives, information from Internet sources;
- work experience of the company;
- the presence of branches in the region and area of the city you need;
- interest rates and credit conditions.
There is a good rule of thumb: the fewer documents the bank requires, the more the client overpays... Remember this when applying for a loan on 2 documents.
Use special comparison services on the Internet (for example - compare.ru). The spread in rates and conditions is quite significant. And a few "extra" percentages in your favor are tens of thousands saved rubles.
Follow the promotions and preferential offers... They are carried out by banks and car dealerships.
Step 2. Prepare documents
Since our option is registration without income certificates and guarantors, then everything is simple with documents.
You will need:
- the passport;
- driver's license (passport, SNILS, TIN, military ID).
If you have a work book, this is an additional plus. Make a copy and, if necessary, attach to the application.
Step 3. Submit an application
If you don’t want to go to the bank and talk to managers in person, fill out. This saves time. The application will be considered within a few hours or days, depending on the bank. To improve your chances, submit multiple applications at different banks and compare their offers.
Preliminary approval of the application- not yet a 100% guarantee of a loan. Documents must be checked again when you come to the bank in person to sign the agreement.
When making an application, indicate the most detailed and only reliable information... Trying to hide important information (such as a criminal record) will work against you. The bank will definitely get to the bottom of the truth, and then it will definitely refuse a loan. Also blacklisted.
Step 4. We conclude a sales contract with the seller
The bank gave the go-ahead! We go to the seller and arrange contract of sale... If the dealership and the bank act in conjunction (and most likely they will), the procedure is simplified. After concluding a deal with a car dealership, you immediately sign an agreement with a bank representative.
Signing a car sale and purchase agreement
If you have any questions or need help, feel free to contact the center managers. They know much more about car loans than you do and will be happy to help - this is their bread.
Step 5. We conclude an agreement with the bank and make an initial payment
It remains only to conclude agreement with the bank... Having received the contract form in your hands, read it from first to last letter... In decent institutions, no one will rush you - go somewhere to the side, sit in a chair and study the document.
Pay special attention to these points:
- Real interest rate- banks respecting themselves and the client print the final rate for home page contract rather than hidden somewhere in the petit-printed notes.
- Financial transaction fees and keeping score- sometimes they are called "hidden charges". The smaller they are, the better.
- Loan repayment methods- it's great when there are a lot of them, and at the same time there is an option of transferring through your personal Internet account.
- Conditions for early repayment of a loan- some banks have a moratorium on such events.
- Your rights as an owner- do you have the right to register as a taxi or rent it.
In the overwhelming majority of situations, banks will require you to issue it in addition to OSAGO, at least for a year. This is best done in. It is convenient, relatively inexpensive, and performed online.
Step 6. We register the car and pay off the debt
We put the vehicle registered with the traffic police... This takes 10 days from the date of the conclusion of the sales contract. Contact any branch of the traffic police, regardless of registration. We need documents for the car, a receipt for payment of state duty,.
You are now a happy car owner. Observe traffic rules and make payments on loans on time.
4. Where to get a loan for buying a car - an overview of the TOP-3 banks with favorable terms of cooperation
Do not forget that a targeted car loan - not the only way borrow money from the bank. If you don't have enough money to buy a car small amount- make out consumer credit or take credit card.
It is the easiest way to get a loan from these banks.
offers users, in addition to the usual consumer loans, issue a Platinum credit card with a limit of up to 300,000 rubles... Apply online - filling out the questionnaire will take more than 5 minutes, and the answer will be given in 2-3 minutes. Within 55 days interest on purchases and withdrawals not removed... Have full right spend this money on buying a car. The card will be sent to your home within 2 days.
Tinkoff is the first bank in Russia, completely abandoned traditional offices... All operations are performed remotely - via the Internet, computer or mobile device.
issues cash loans up to 1 million at rate 17% ... Active special program car loans - a new car secured by an old one. Requirements for secured transport - age not older than 19 years, technical serviceability.
Persons over 20 years of age with official employment, permanent registration and residence in the city of presence of the bank's division are eligible to participate in the program. You also need a home or work landline phone.
- cash loan up to 3 million rubles at the rate 14,9% annual. To apply for a loan, you do not need to visit the office - apply online and receive an answer within 15 minutes. to corporative clients and civil servants - preferential terms.
If you are a salary client of a bank, you only need a passport and a second document (SNILS) to apply for a loan. Each client has the right to borrow during the debt repayment period credit holidays for 1-2 months. During this period, no interest is charged.
Comparison table of banking programs:
№ Bank Rate,% per year Amount, rub. Advantages 1 19.9 per year credit card, the first 55 days do not charge interest Up to 300,000 The card will be delivered to your home or office 2 (long-term use with the option of redemption after the end of the contract). Compared to a car loan, leasing has a more flexible payment schedule and a simpler registration procedure. Pledges and guarantors are not needed, and the rates are lower. If you decide to use leasing, please contact, here are the most profitable terms deals and additional privileges, in particular - free maintenance. The company has been on the market for over 17 years and has already concluded over 230,000 leasing transactions.
5. How to increase the chances of getting a car loan without proof of income - 3 practical tips
To increase your chances of getting a loan without income statement, follow expert advice.
There you are 3 tips, which together and separately increase the likelihood of a positive response from the bank.
Buying a CASCO policy (voluntary insurance) requires 9 out of 10 financial companies... According to the law, the bank does not have the right to force the client to issue a CASCO, but if he does not do this, he will simply be denied a loan.
However, if you follow this "recommendation" of the bank, your chances of getting a loan without reference will significantly increase... Although you have to pay about 10% more per year... But in case of theft or serious damage to the car, there will be something to pay off the bank. Otherwise, you will be left without a car and without money.
I have already spoken about this - car dealerships close deals quickly and act as your personal credit broker ... Sometimes they are not even particularly interested in credit history; they have their own channels of interaction with banks.
True, interest rates on such loans will be higher. And you most likely will not have a choice of an insurance company - the car dealership will appoint itself insurer.
The higher the first installment, the more trust the bank has in the client. If you pay half of the price right away, you don't need to prove your income. Another thing is that not all clients have that kind of money. Expect at least 20% prepayment.
We are watching a video on how to get a loan without an income statement.
6. Conclusion
So, we figured out that a car loan without certificates is a real program that almost everyone can use. Another thing is that you will have to pay more on such a loan and in a shorter time frame.
Ask readers
What do you think about car loans without certificates and guarantors? Write in the comments.
Our magazine wishes you a successful solution to the transport issue! We will be grateful for your comments, feedback and remarks on the article. Rate and like on social media. Until next time!
For a quick rental of the nearest car, it is better to install mobile applications of several car sharing operators.
registration
You can get access to carsharing cars after registering in the operator's system. You can register on the official website of the company or in mobile application... In the process, it is necessary to sign an agreement on joining the conditions of the provider.
Who can register
Each company sets limits on the age and official driving experience of renters. Most of them allow only drivers with a driving experience of two years or more to register. Three companies allow registering those whose work experience has reached one year - "Anytime", "Carousel", "TimCar". Two car-sharing services do not impose any seniority requirements - “Car4You”, “Lifcar”.
Similar restrictions apply to the age of clients. From the age of 18 they register "Car4You", "Lifcar"; from 19 years old - "Anytime", "Carousel"; from 20 years old - “Rentmee”, “TimCar”, from 21 years old - “Car5”, “BelkaCar”, “Carenda”, “Carlion”, “Yandex.Drive”, “MatryoshCar”. The rest of the operators allow only users who have reached 22 years of age to register. When renting a car of a higher class, the requirements for age and experience increase.
What documents are needed
Driving experience is confirmed by category "B" driving license. What other documents are needed:
- The passport.
- Bank card.
The card is needed to link the number to the client's account in the operator's system. The money will be automatically debited from it after the end of the lease. You will also need a camera for registration. mobile phone... With its help, you will need to take a photo to confirm your identity. After attaching the documents to the registration form, the documents will go to the security service for verification. The check takes from 15 minutes to two days, depending on the operator and the time of dispatch (most companies do not check documents at night).
How to sign a contract
There are two ways to sign a contract. The first is automatic: by agreeing to the terms of the company upon registration, the client assumes the responsibility and obligations stipulated by the company. You do not need to sign the documents in person.
The second way is to sign the accession agreement in person. Such rules apply, for example, at Delimobil. At the same time, it is not necessary to come to the office of the company, you can send the papers by courier.
After registering and signing the contract, you can use the services of the service. To find the nearest car, you need to use the company's website or application. Through the same application, the car is booked, the doors are unlocked, and the lease is completed. To avoid problems with access to the application, you need to make sure that the mobile Internet is stable.
Rent
How to book a car
A map with the location of cars is available in the operator's service. Before using a comfortable car, you need to book it. You can take a car for carsharing in Moscow both using the website and the application. After the reservation, the countdown of the time of free retention of the car for the client begins. It usually takes 20 minutes. You can open the car using the application. Documents and ignition keys are inside the car.
How to use the car when traveling
Each carsharing operator stipulates the rules for the use of rented vehicles. Failure to comply with the rules of travel and behavior in the cabin of the car threatens with fines. After the end of the trip, you must complete the rental in the application.
How to take a Mercedes and other luxury cars to carsharing
The first business-class cars were added to its fleet by the operator "BelkaCar". The company has available Mercedez-Benz CLA 200 Urban cars. They are marked in black in the appendix. These cars can be used by the company's clients who have reached 25 years of age and have an experience of five years or more. A minute of the trip costs 16 rubles.
Then other companies joined BelkaCar. For example, "YouDrive" has not only business class cars, but also electric cars "BMW i3". Anytime offers its customers the Black tariff, through which they can rent Audi A3 and Q3, Skoda Octavia and Nissan Qashqai.
Other operators also offer their customers cars with increased comfort, including without pasting carsharing. For example, Yandex. Drive "added to the fleet of" Porsche "," Mercedes E-class "," BMW 5 ".
There are increased requirements for renting a business class car. This applies to the age and experience of the driver, and in some cases insurance.
How to take carsharing without a driver's license
A driver's license is the main document required to register with the operator's service. If there is no document, the user will be denied registration. Before using carsharing, it is necessary to check the validity period of the VU. When it expires, the account will be suspended. It will be possible to restore the registration in the service only after downloading the valid version of the identity.
Who does not dream of becoming the owner of his own vehicle, however, not everyone can afford it, because car pleasure is not cheap. With the help of a loan, this becomes more real. On the this moment there are many special lines of credit and programs regarding car loans, which are provided both in banking institutions and directly from dealers. But first, a citizen must decide on the make and model of the car, then contact the bank to agree on the terms of the loan, then find a store with a suitable offer. And you can significantly shorten this path if you immediately go to a car dealership, and there you can choose both a car and a bank to receive a loan, since the salons have long been holding racks of partner banks for these purposes. In this article, we will tell you how to take a car on credit at a car dealership.
Car dealerships have a small number of partner banks
And this is quite logical! Usually the salon cooperates with 3-10 banks, maximum. Well, where can you "shove" all 1000 domestic credit institutions. Although modern technologies and allow you to send applications to everyone and everyone, but in practice all the same, each salon has few partner banks. Moreover, if it is a small dealer.
In this regard, advice - look for a bank in advance using the Internet, where there is now profitable offer, then look for a salon with which he cooperates, and then check the availability of the car brand you need.
And when you successfully complete this puzzle, then maybe you will save!
Most often not favorable lending terms
Car dealerships themselves make good money on lead generation of their clients, that is, quite often banks pay extra to showrooms for bringing them clients. And this, in turn, is all included in full cost loan. Therefore, directly at the bank, this credit program will be "cheaper" than at the dealer.
Look for a salon with "stock" banks
Filter the market in advance - look not only for the seller, but also for the bank, where is it now good discount on a credit program, and then with which sales offices he works.
This is a rather difficult task, since we still have few services on the Internet where we can timely track up-to-date information... Nevertheless, spend your time searching, because cars are not bought every day.
Have an understanding of what kind of borrower you are
Do not think that if dealers have made such a convenient service (both the car and the borrowed money in one place), then it is for everyone. If you yourself know that you are a “bad” borrower, that you are blacklisted, then naturally nothing will be approved of you.
The same situation will be if you do not have a credit history at all - for credit institutions you are just as "bad guy" as if you had it of an unworthy quality.
Thus, find out in advance the situation with your scoring rating, order an extract for your CI, and so on, maybe you will find there a lot of interesting things for yourself that you should not go to a car dealership with.
Apply for a loan at your bank
If you actively use the services of one or another credit institution, keep a debit account there, or have a salary card from it, then first of all go to “your bank”. See which of the salons he can cooperate with, ask the price of his programs. We guarantee that in most cases, as a salary client, a car loan will cost you much less than any other "promotion" from any bank.
Beware of "processing" by the seller
Don't assume salespeople are God's creations. They never were and never will be, let alone car dealers. Here is the juice for those who like big salaries. If you put in winter tires, you already have an increase, and so on.
That is, of course, you must understand that a car is such a product to which you can sell a huge amount of extra. options, add. insurance, services, maintenance and so on. And when you are in the salon with borrowed money, and if you have been approved by a wide line of credit, then "with a generous shoulder", you can take a lot of extra things.
And then you will pay for all this for more than one year, and from your hard-earned salary. Be careful, do not weaken your self-control!
How to arrange
To issue a car on credit at a car dealership, you must:
- Naturally, first decide on the brand of the car, it is clear that you have it in mind for a long time (you are not buying a loaf of bread)
- further, we would recommend filtering banks for more profitable offers
- after which you can already see what salons he cooperates with
- simultaneously track the availability of the car you need
- and when everything comes together, then you can collect the simplest set of documents (about it below)
- and go to the selected dealer
- already on the spot, the citizen will be asked to fill out a questionnaire for obtaining a car loan (often salon employees send applications to several banking organizations at once, so that the client has the opportunity to choose with a positive answer
- the application is considered for a couple of hours, but there are times when this process takes up to 3 days
- with a positive response from at least one of the banks, the client has the opportunity to sign a loan agreement
- at the same time, read carefully the terms of the contract, whether an initial payment is needed, and so on
- at the same time do not succumb to the persuasion of the seller - he probably distracts you from something important
- if you have an initial payment, it means that the terms of the loan will be definitely more profitable for you
- here in the salon, purchase a CASCO (it is mandatory), but the price for it completely depends on the specific insurance company (there are also a lot of "divorces" in this matter)
- do not "subscribe" to the purchase of unnecessary extras. options, life insurance and so on (it is illegal to impose this)
- Double-check the seller's words, the terms offered by the bank, and its actual conditions 25 times (at the same time, you can separately call the office of the credit institution and double-check everything)
- in practice, situations may arise that the car is not yet available, you still need to wait for it, and if you sign a loan agreement now, the debt will start ticking from that minute
Read also
Car loan vs Leasing
Required papers
Banking institutions are loyal to customers who want to buy a car in a car dealership on credit, but they still have to provide the necessary documents. Their list may be insignificant, but they will differ, it depends on which bank will be chosen.
Standard set of required documents:
- passport of a citizen of the Russian Federation
- labor book
- income statement
- marriage certificate and passport of the second half
- driver's license
If you provide a full package, then the chances of getting a loan will increase significantly. However, not everyone will be able to get a car loan in the salon, since for this you need to meet certain requirements, the set of which depends on the conditions of a particular financial institution.
Primary requirements:
- age limit - 21-60 years
- residence in Russia
- availability of official income
If the bank considers the borrower to be unreliable or the source of his income is not constant, then a refusal to issue a loan is possible. In this case, it is necessary to use a guarantor who can easily increase the chances of a positive response from the lender.
If an individual entrepreneur acts as a probable borrower or his guarantor, then you will have to prepare the following documents:
- if he is on the simplified taxation system - a certificate of registration of an individual entrepreneur and of tax registration, a book of profits and expenses, a tax return, a receipt confirming the payment of taxes for the last six months, information on money turnover or account statements for the last 6 months
- for the standard taxation system - registration certificate individual entrepreneur and on his tax registration, a receipt proving the payment of all taxes, a cash book, a tax return in the form of 3-NDFL, as well as (if bank accounts are opened) an account statement for six months
- on a single tax - copies of receipts confirming the payment of taxes, tax returns for the last two quarters, account statements, cash book, waybills and book of registration of forms of strict reporting
Insurance
Insurance of a car purchased under a car loan in a car dealership - required condition loan agreement in almost every bank. Often, a banking organization independently chooses an insurance agency for a client, where it is possible to obtain a comprehensive insurance policy. In some cases, he can provide the borrower with a list of organizations to choose from.
Auto dealers usually try to impose the most expensive insurance on their customers, the cost of which can be up to 10% of the vehicle price. However, this is not the limit of the cost - the buyer must prepare for the fact that the most stringent insurance conditions will be imposed on him.
The bank and the car dealership can force the client to buy not only a property insurance policy, but also to insure his civil liability... It means that Insurance Company will take upon itself the payment of all penalties if a citizen while driving causes harm to someone. The cost of these services may vary and range from 500 to 2.5 thousand rubles.
Some financial institutions lower the interest rate on the loan when the client agrees to insure his life. You must pay for this insurance policy annually, and in order to receive bonuses in the form of a reduced percentage, you need to purchase it for the entire credit period.
Nevertheless, according to article 16 of the consumer protection law, the client has the opportunity to refuse additional expensive services imposed on him. If CASCO was paid for a year in advance, then the client can refuse insurance and request a refund of the corresponding amount of money from the financial institution.
More moments
If you just decided to come and buy yourself a car on credit at a car dealership, then do not rush, not everything is so simple. Even sellers have their own types of loans and many situations, which in turn affect the profitability of offers. What are we talking about? Let's take a look at what we mean below.
Captive banks
An organization acting on behalf of the official car manufacturer is a captive bank. At the moment, a number of similar structures are already operating in Russia: Tayota Bank, Volkswagen, BMW and others.
In fact, this is a very good idea, both for businessmen themselves and for clients. Since a car is an expensive product, few people take it for cash, therefore, in order to maintain sales at the proper level, it is imperative to either credit customers or sell them the product in installments. And if the auto concern starts a bank for itself, then it will no longer have to share profits with third parties. credit institutions, as a result, the margin increases, and therefore you can make discounts to buyers or offer them more favorable conditions for car loans.
When planning to purchase a vehicle with the help of borrowed funds from a bank, citizens think about the question of how to get a car loan for a used car or a new car. Not every client has an impressive amount that can be immediately spent on a purchase. Therefore, car loans are popular banking product among the population of Russia.
Target loan for the purchase of a car - a car loan. Choosing such a program, the client must understand that the vehicle will be a bank pledge until full repayment loan. The advantage is less interest on the loan. In 2018, banks offer individuals several types of targeted loans. You should familiarize yourself with the most popular programs in detail:
- Express loan... This is a popular short term option. Its advantages include a small number of documents that need to be submitted to the interested person, as well as the efficiency of the bank's consideration of the application. Usually, such a car loan is issued for a new car. To receive funds, the borrower needs to prepare an initial payment;
- Loan without down payment... This is an outlet for citizens who do not have the necessary payment, which was originally required by the bank to purchase a car. The disadvantage is rather high interest rates for payments;
- standard car loan. This offer is valid in all banks. The loan is issued in the salons with which the organization works. Comfortable interest on payments is an advantage of the option;
- Trade-in... Using such a car loan, the borrower provides an old vehicle as a down payment. The cost of the car is determined by experts who carry out diagnostics. The loan amount is the difference between the price of the old and new car. Advantage - there is no need to independently engage in the sale of a used vehicle;
- Credit without compulsory insurance ... This is not a very popular option and is usually used to purchase inexpensive or used cars. The loan amount is small, and the interest on payments is high. Positive quality - the buyer has every right to decide when and where to insure the car.
If you carefully study the offers, you can find out that there is a car loan without interest. These stocks where interest rate little or none at all, they arrange salons and banks. Stakeholder conditions will be tough. So, an initial payment is required, which in some cases is 50% of the value of the vehicle.
Important! Regardless of the car loan option chosen, the conditions for borrowers will be different. After all, banks take into account monthly income client, his employment, the amount of the down payment.
Borrower requirement
- Russian citizenship and a passport with registration at the place of residence;
- age from 21 to 55-60 years (the range depends on the lender);
- official employment with a minimum experience of 3 months;
- documents confirming the income received (account statements, 2-NDFL certificate).
If these conditions are met, a citizen can count on loan approval and comfortable conditions for himself. Another important indicator- an initial fee. For the bank, it is an indicator of the customer's reliability, proof that the citizen is serious about purchasing a car.
Important! Some lenders require a driver's license. Moreover, the driving experience must be at least one year. Clients who want to apply for a loan without a license should immediately clarify whether the bank has such car loan programs.
Where to get a loan: at a bank or a car dealership
Citizens who are interested in obtaining a loan to buy a car, the question arises of where it is more profitable to take a loan - in a bank or a salon. Choosing the best program for yourself is a guarantee of comfortable conditions for payments. Therefore, it is necessary to determine which of the two options will be ideal.
A car loan in a bank - an opportunity to choose the optimal program, including taking advantage of preferential terms with state support... When contacting banks, you need to pay attention to a number of indicators:
- lending currency;
- the size of the annual interest rate;
- the need for an initial payment;
- repayment terms;
- transport insurance.
Obtaining a car loan at a bank gives the borrower a number of advantages. We are talking about the opportunity to choose the most suitable car dealership with which the lender cooperates. Another advantage is the instantaneous decision-making by the bank. After all, an individual provides a package of documents personally.
Important! If the borrower does not have documents that confirm the income, and he also cannot attract guarantors, then the chances of getting a car loan are reduced to almost zero. Citizens with bad credit history may face the same situation. Exit - registration of inappropriate consumer credit cash. Such borrowed cash can be used to purchase a new car, a used car, a truck.
A car loan in the salon is characterized by a number of positive qualities. Citizens interested in buying a car can choose one of the most convenient programs offered by the seller. An individual submits the required documents through a bank representative. After their verification and approval, a loan and pledge agreement is concluded. The disadvantage of this method is more high interest rates... Advantage - it is possible to get a car loan using 2 documents, for example, a passport and license.
The procedure for obtaining a car loan
The most important stage is obtaining a car loan. Moreover, it does not matter where the citizen decided to get a loan - in a salon or a bank. The procedure for obtaining a car loan is as follows:
- Choosing a vehicle, consulting with creditors;
- Collection required documents, transfer to a bank employee;
- Waiting for consideration of the application and making a decision;
- Conclusion of a contract for the purchase and sale of a car;
- Transfer of the initial payment (if the program is such);
- Registration of transport, insurance;
- Signing a loan agreement;
- Crediting money to the borrower's account or transferring to the salon;
- Receiving the car and documents accompanying the purchase.
It is worth noting that some banks can arrange a car loan without a down payment. This information should be clarified upon receipt of the first consultation. Also, lenders issue loans without a certificate of income or without rights. It all depends on the policy followed by the bank.
Important! The vehicle passport is transferred to banking organization where it will be stored for the entire loan term. After the loan is repaid, the document is returned to the individual.
List of required documents
Now it is worthwhile to understand in detail what documents for a car loan must be provided to those interested in borrowed funds citizen. It all depends on the lender. If a client contacts a bank, then documents should be prepared:
- borrower questionnaire, completed application;
- passport and driver's license;
- copy work book certified by the employer;
- certificate of income (of the established form).
If the vehicle has already been selected, then the TCP should be transferred. Perhaps the list of documents will be supplemented with other items. It all depends on the requirements that apply to the banking institution. Some organizations post all the information on their official websites. Using the Internet, you can online mode familiarize yourself with all the conditions in advance.
If a client contacts a car dealership in order to purchase a car at the expense of credit funds, you will need a passport, driving license, and a completed application form. Further, it all depends on the store. Car dealerships that cooperate with banks have the right to request different documents. Some organizations will need proof of ownership of private property.
Insurance when buying on credit
Buying a car on credit is a profitable venture. Especially if you find a banking program with special conditions, where the interest is low and the payments are comfortable. However, every citizen who wants to take advantage of such an offer should not forget about the conclusion of an insurance contract. This condition is beneficial for all parties. The bank minimizes its risks, and the client can be sure of repayment of the loan if a case of disability occurs.
Important! By law, the bank does not have the right to require life insurance. However, without it, rarely any of the creditors responds positively to the application.
The client can try to get a car loan without CASCO. To do this, you must terminate the insurance contract after a certain period of time. Usually this period is indicated in the document. Another option is to go to court with statement of claim... In order not to waste your precious time, you need to carefully consider the choice of a car loan program and at all preliminary stages carefully study the requirements of the lender, the conditions put forward to clients, including those related to insurance.
Car loan repayment procedure
Citizens, including retirees, even with an average income, can take out a car on a loan. Salons and banks have programs for individuals without official employment, unemployed, that is, receiving a salary or any profit unofficially. There are really many options, but having issued a car loan, a person must understand that it is necessary to return money in the form of monthly payments in a timely manner and in full.
Fulfilling your obligations to the bank is a prerequisite for both individuals and individual entrepreneurs. It is necessary to act in accordance with the loan agreement signed by the parties. Otherwise, the citizen will face such troubles as a forfeit, penalties, that is, additional loss of money. The procedure for repaying a car loan is to follow a few simple rules:
- debt should be repaid in accordance with the established schedule of payments;
- delays in payments, it is unacceptable to transfer money not in full;
- on the basis of the application, you can repay the car loan ahead of schedule;
- after the expiration of the insurance contract, it must be renewed.
Paying the last payment is not a reason to calm down. The client needs to make sure that the loan is fully repaid. If all the conditions are met, the loan has been paid, then you should check whether the bank has withdrawn the vehicle from the pledge. The credit agreement must be marked and certified by the signature of a specialist with the mark “canceled”.
“A man invented a loan in order to live tomorrow today,” said one of the famous economists, emphasizing the importance of this financial transaction for those segments of the population who, for certain reasons, are not able to buy any product for cash. The most successful loan transactions are loans for the purchase of cars, and this trend has continued for more than a dozen years. Including in Russia, where a boom in car lending was observed in the pre-crisis 2006-2008. But even in the post-crisis years, this type of vehicle purchase was very popular among Russians: according to statistics, in 2013, every second new car was bought on credit (this, in particular, was facilitated by the concessional lending program). Today we will tell you how to buy a car on credit correctly.
Let's start with statistics again. In 2014, according to the United Credit Bureau of the Russian Federation, the number of people wishing to purchase a car for funds financial institutions declined sharply: in the first quarter, 16 percent fewer car loans were issued than in the same period of 2013, and in the second - by 26 percent. Nevertheless, according to financiers, most of the people who come to Russian car dealerships are interested in the terms of buying a car on credit. And in most cases, he buys a car in this way. Suppose that you do not have enough money to buy a car for cash, and you are thinking about a loan. Let's take a closer look at the process of purchasing a car on credit and its pitfalls.
Step 1. Choosing a bank and credit program
Let's say you have already opted for a certain make and model of a car, have decided which complete set you will take. The only thing left to do is to pay for the chosen car. You don't have enough funds, you ask the manager in the salon about the possibility of buying a car on credit. And then a lot of information is put into your ears about special offers, about an interest-free loan, about a secured loan - in general, my head is spinning. Naturally, in such a state, it is impossible to make such a responsible decision. Take all the calculations for each proposal from the manager and go home, where, in a relaxed atmosphere, weigh the pros and cons of the proposed ways of buying a car.
Every car enthusiast who decides to take a car on a loan can choose two ways of a loan: take money from the bank in which he receives a salary, or use the services of the bank (s) that the car dealership will offer him. Advantages of the first option - the "native" bank can offer a loan on more lenient conditions (for example, a decrease in the rate by 1.0 percent), monthly payment can be debited from your salary card (no need to go to the branch, stand in a queue there, monitor the loan maturity). And also - to require a minimum package of documents, provide "credit holidays" on loyal terms, give permission for a loan within a couple of hours. The disadvantages are that all other operations (insurance, and so on) you have to do yourself. And control over compliance with the loan agreement by the bank will be the strictest.
The advantages of the second option are participation in an affiliate program (Nissan Finance, Renault Finance, Citroen Finance, and so on), where the car dealership offers special lending conditions (at reduced rates) and insurance (reduced rates for CASCO and), paperwork in a car dealership, fast acceptance decisions on the issuance of a loan (within 1 day). The negative aspects of this method of lending are that the buyer for a certain period (from a year and for the entire loan period) can be tied to one insurance company (sometimes the one owned by the dealer), the rates of which for CASCO may be higher than those that are not included in affiliate program of car dealerships, insurance and banks, UK. Therefore, before making a choice between these two lending options, you need to evaluate all the pros and cons.
Now let's dwell on credit programs offered by banks and car dealerships.
An interest-free loan is a very interesting and tempting thing, but with its own characteristics. To obtain such a loan, you must have at least 50% of the cost of the car in your hands - this amount will be the initial payment. The second feature is the term of the interest-free loan. Typically, such a loan is issued for a year, in extreme cases - for two years. The monthly installment for this type of loan is lower than for a regular loan, and this is because most of the cost of the car has already been paid by the buyer. In addition, in such programs, the client has no choice in the system of loan repayment - only the repayment of the debt in equal installments (annuity) is provided. When drawing up a contract, you must carefully read the rights and obligations of the parties. In some agreements, the bank provides for such a "penalty" as the transfer of an interest-free loan to interest for a delay in payment for 1 day.
Express loan is an opportunity to take a loan to buy a car in a few hours. This is where its advantages end. And then there are some disadvantages. Firstly, the loan amount is limited to one million rubles (ordinary loans are issued for an amount of up to five million rubles), and secondly, the initial payment on an express loan is 20% of the cost of the car. Thirdly, a high interest rate of 17-20% per year (for a regular loan, depending on the term - up to 16% per annum) and mandatory, without which the interest rate can exceed 20% per annum.
A loan without a certificate of income and a down payment is, at first glance, an attractive option for a loan, which, with its visible advantages, conceals obvious disadvantages in the form of high interest rates (from 20 to 25% per annum) and severe penalties (high penalties in case of delay on payment of debt for a loan).
Special lending programs - car dealers use them with might and main, attracting customers with loyal rates (from 4.9 to 7.9% per annum in rubles). These programs are promotions, usually limited to a month, and their purpose is to sell the remaining vehicles in the dealer's warehouse. Therefore, the choice of models and trim levels participating in such a program may be limited. Another unpleasant moment is the amount of the down payment. The fact is that a pleasant interest rate is given only on condition of an initial payment of 30% of the cost of the car and the validity period is only a year. Do you want to take a loan for a period of 2 to 5 years: no question, here the installment is from 10%, but the interest rate is no longer 4.9%, but 10.9 to 14.9%.
Step 2. Assess your own capabilities and collect documents.
First, answer yourself: can you afford to allocate a certain part of your income to repay the loan. On average, for a car worth 500,000 rubles or more, the monthly payment to the bank is about 13,000 - 20,000 rubles. If the answer is yes, then we move on and decide if you can make an initial payment, which is 10% of the cost of the car. Can you? Excellent. Next, we calculate that a deposit for the car will need to be added to the initial payment (given to the manager of the car dealership, it is a guarantee that you are really going to buy this car), as well as the costs of issuing CASCO and OSAGO policies. Suppose you buy a Nissan Juke for 650,000 rubles, the deposit for which in a car dealership was 30,000 rubles, and CASCO and OSAGO - 60,000 rubles. The initial payment at the lending bank is 15%, which will amount to 98,000 rubles. As a result, you will have to have on hand about 190,000 rubles in cash. To this we will add the salon service for registering a car with the MREO of the State Traffic Safety Inspectorate and making numbers - 15,000 rubles. Total - 205,000 rubles. Do you have that amount? If yes, then we are preparing the money and collecting the necessary funds to open line of credit the documents.
The following documents are usually submitted to the bank:
Borrower questionnaire (issued at the bank);
Passport;
The second document confirming the identity of the borrower (or passport);
Certificate from the place of work about income for the last six months;
Car sale and purchase agreement (taken at a car dealership);
A payment document of a car dealership to pay for the purchased car;
A copy of the vehicle passport (PTS);
CASCO insurance policy with a receipt for payment of the insurance premium;
MTPL insurance policy with a receipt for payment of the insurance premium;
Payment document confirming the payment of the initial installment (bank receipt).
If you have a guarantor, then he will need a passport and a certificate from the place of work on income, on the basis of which the bank will make sure that the guarantor can, if something happens, insure you and pay off the loan debt.
Step 3. Execution of the loan agreement.
Perhaps no less important step than the first two. In the process of obtaining a loan, many nuances may arise that the borrower did not foresee. For example, the fact that some banks charge a commission for reviewing a loan application. Or they provide for penalties for any seemingly insignificant things. For example, the borrower changed the phone number, changed his place of residence, switched to another job, did not deliver the car within the agreed time to the bank branch for reconciliation - if you please pay 1% of the loan agreement amount.
It should also be borne in mind that when applying for a car loan, you are the owner of the car, and the bank is the mortgagee. And in addition to the loan agreement, you will have to draw up a pledge agreement, which must be certified by a notary. Naturally, this operation is not free and it is better to find out its prices in advance.
Read carefully loan agreement to find out if the bank charges a fee for early repayment credit. Most Russian banks have abandoned this measure, but there are exceptions. It will not be superfluous to learn about the possibility of refinancing a loan and transferring it from one currency to another. After all, it may happen that you will begin to be weighed down by the foreign currency loan, they will no longer be satisfied with the terms of the loan, and they just want to change the car before the loan expires. If the bank provides such opportunities, then ask - under what conditions and what is needed for this.
In general, before you sign the agreement, find out all the possible sanctions that a credit institution may apply to you. And only after understanding all the positive and negative aspects, you can conclude an agreement.
