A cash loan, which can be obtained using two documents without certificates and guarantors, looks quite attractive solely due to the minimum requirements for the borrower, compared to other loans.
Issue the necessary amount, for example, for a purchase the kitchen, in the presence of two documents is easy. Many financial and credit organizations, in order to attract new customers, are ready to take increased risks and provide loans when checking the minimum set of information about a potential borrower.
A loan with a minimum package of documents is in demand for several reasons: the desire to save your own time and not spend it on collecting the necessary certificates, the lack of official employment and a sufficient amount of confirmed income.
What documents are needed?
The main document without which it is impossible to submit an appeal to the bank is the passport of a citizen of the Russian Federation. When applying for a loan in the passport should be marked on the permanent registration, and the address must coincide with the region of application for a loan.
In addition to a passport, the bank is ready to consider as a second document documents proving the identity of the borrower, confirm employment and solvency, and prove reliability. Depending on the bank, the requirements for the list of possible additional documents vary. The second document is:
- Foreign passport (a note on a recent visit to a non-CIS country at some banks will confirm solvency);
- Driving license (allows the bank to hope that the borrower has the vehicle itself);
- Pension certificate (serves as confirmation of regular official income in the form of pension payments);
- Certificate of TIN assignment or certificate compulsory pension insurance;
- Military ID (presentation required for men under 27 years old);
- Certificate of income (increases the chances of approving a loan);
- Copy certified by the employer of the employment book;
- Nominal a plastic card or an extract with turnover on it (the best option would be a salary card of the bank where you plan to get a loan);
- A policy of voluntary health insurance or property insurance, for example, CASCO for a full package of risks;
- Documents confirming the borrower's ownership of immovable or movable property, including TCP for a personal car.
A detailed list of documents can be found on the bank's website. Be sure to fill out an application form for a loan, which indicates information of interest to the bank. The questionnaire contains a clause allowing the bank access to the applicant’s credit dossier. The borrower is obliged to provide personal and contact information, so it is easy for a bank employee to verify the consistency of the information in the questionnaire and reality. By calling to work, credit specialist can clarify, if not the size of the salary, but at least the position of the borrower.
What to count on when applying for a loan with two documents
Loans under two documents are issued quickly, so the bank does not have time to get to know the future client better, having evaluated it superficially using the scoring system. This leads to a high risk of default on loans in this category. To compensate for the risks, the bank sets a high interest rate on express loans and a bona fide borrower pays for himself and “for that guy”. Even if you took the funds to buy bathtubs or small household appliances, in some cases the overpayment will be colossal.
Refusal of paperwork is beneficial when you can get a loan almost instantly on your passport on favorable terms with banks such as Sberbank of Russia, VTB 24, BINBank, Alfa-Bank, Bank of Moscow and many others. These loans are available to those who, along with a passport, present a salary card opened with the appropriate bank. Existing customers can fill out an application without leaving home and get a loan without unnecessary expectations.
Other potential borrowers “from the street” must choose - either use a loan with a large overpayment, but with a minimum of documents, or take an acceptable debt burden, but spend more time collecting a package of documents. As for me, advice is not needed, the choice is obvious.
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