Express loan for a car

Express loan for a car
As a rule, apart from the usual programs for car loans banks provide service Express credit. This service is suitable for someone who wants to complete a purchase of the machine in a few days. Application for the grant of such an express loan the bank considers as soon as possible (from an hour to two hours) and on the same day the bank enters into a contract with a client.





Positive moments in Express Credit is the minimum amount of documents that the client must provide the bank. Usually sufficient passport and one additional document, such as a driver's license, insurance pension certificate, passport, or TIN. This additional document is required in order to fully ensure that the identity of a client who wants to get express credit. Remarkably, the bank does not require the client statement of earnings, which is very convenient for customers undocumented income. But there are also negative aspects to obtain the express credit. The time saved in preparation of documents costs the borrower to pay additional money because Express credit goes to higher interest rates. For example, in the Credit Bank of Moscow - only 1-2 points, and the bank "Russian Standard" interest rates on the loan for the 5-6-7 express points higher than rates on conventional loans for cars. But that's not all. Some banks in addition to the rate increase is still tightening credit conditions and other (limiting the size of the loan, increased maintenance fee loan account, dr.komissii). The remaining tariff parameters express credit does not differ from normal. Some banks engage in express loans even without a down payment, but interest rates are higher at 1.4 per cent as opposed to loans with an initial contribution.

Customers who want to buy a car in the profitable Express credit, you must follow the joint stock banks and dealers. During such shares may be purchased certain model, paying a reduced percentage of the loan or no interest. During the campaign for the rapid loan can save on fees for loan processing, or not to pay for maintenance of loan accounts.

If the customer has the opportunity to pay about half the cost of the machine, sometimes Motor Show draws up a contract of sale by installments, and he draws up a contract of pledge. After registration of the contract transferred to the bank for further work with them in the usual way express credit.

Currently, you can take credit for the purchase of a used car, but only one of those that are sold in shops, not with it. Another point: the car should not be older than 5 years.