Getting a car loan in just two documents
Among all banking services, the most developed area is lending. Today, getting a car loan from a bank, for example, a loan for a car. Several transport lending programs that differ in terms and requirements may operate simultaneously in a single bank. There are some banks and special offers for car loans for people who do not want to collect a large number of documents. These programs allow you to get the desired loan for just two documents.
Requirements for the borrower
This bank offer can be used by persons who have the opportunity to present a passport to the lender. One passport will not be enough for the transaction. For insurance, the credit and financial organization allow a person to choose to submit a second document: employer’s certificate on the official form, driver’s license. If the loan is issued by a man aged 21-55 years, then as a second document, he will be able to submit a military ticket.
Getting a car loan with a couple of documents can only be obtained by a person who has been working in one place for more than six months and whose employment is official. If an individual entrepreneur applies to the bank, they can only get a positive response if their registration period is at least 12 months. You should apply for a loan in the region where the borrower is registered, otherwise, they will be refused a car loan.
Requirements for getting a car loan
In most cases, banks that offer their clients a loan for the purchase of a car with only two documents, agree to the transaction if the client wants to purchase a foreign car through an official dealer. At the same time, there are financial organizations that agree to conduct credit transactions in the case of buying a car from a domestic manufacturer. Today, two documents allow you to take a loan to buy a car with mileage, the main thing is that the selected transport at the end of the loan agreement was no more than eight years, and the technical passport indicated no more than three people as former owners of the car.
Features of a car loan for two documents
Offering car loans under two documents, credit and financial organizations run a lot of risks, since they can not even check the amount of the borrower’s income on official papers. That is why it is mandatory to sign a pledge agreement, under which the purchased car acts as the security. If the borrower does not want to pledge the car, he can offer the bank other liquid, valuable property. Loans are not issued for more than 60 months.
Often, to participate in a car loan program for just two documents, the borrower immediately has to pay a large fee of up to 50%. In this way, the financial institution is able to check the seriousness of the financial organization. The collateral object will need to be insured, and its borrower will have to buy a personal insurance policy during the entire term of the car loan agreement.