Consumer credit is provided to citizens for Web the purchase of household items, hence the name. Most often it is not taken to pay for serious large purchases, and for the purchase of household, minor purchases (appliances, phones, repairs, etc.). Sometimes a consumer loan is issued for direct purchase in the form of deferral of full payment of its value, the Bank assigns a certain percentage, resulting in the total amount paid by the citizen significantly exceeds the value of the purchased item; sometimes the Bank just issued a loan for a certain amount that the borrower spends on personal purposes, giving the Bank it also in parts, also at interest. In General, this is a very popular type of lending in recent years. In the case where there is no opportunity to pay a one-time purchase, or a citizen is experiencing temporary financial difficulties, this is an excellent solution. The disadvantage is that the interest of consumer credit is usually quite high, and therefore the overpayment is rather big. The borrower must sensibly assess their abilities and calculate the terms of payment and its size so that it does not exceed half a half of his monthly earnings, this is a very responsible decision. All banks issue loans of this kind, sometimes they cooperate with shops, and then the lending is made directly in the store by the Bank’s representatives. Since there are many organizations that are ready to provide such a loan, the citizen has the opportunity to independently study the terms of lending and choose those that are most suitable for his individual requirements. Usually, when issuing a consumer loan, the Bank requires a passport from a citizen and, perhaps, a second document — a foreign passport, a driver’s license, a military card, a certificate of education, a TIN and so on. If we are talking about a loan for urgent needs, sometimes you need an insurance certificate of life and / or performance. But in principle, to get a loan is not difficult. Some banks put age restrictions — from 21 years, others-no, but the interest rate in such banks is slightly higher.

Usually when granting consumer loan, the Bank requires from the citizen a passport and possibly a second document — a current passport, driver’s license, military ID, certificate of education, INN and so on. If we are talking about a loan for urgent needs, sometimes you need an insurance certificate of life and / or performance. But in principle, to get a loan is not difficult. Some banks put age restrictions — from 21 years, others-no, but the interest rate in such banks is slightly higher.