Advice 1: How to take a loan in Europe

Many have heard about the fact that interest rates on loans in Europe is much lower than in our country. However, few know that the citizens of Russia can apply for a loan in a foreign Bank, not living abroad. However, it is quite a laborious process, but it's worth it.
How to take a loan in Europe
Open a foreign Bank account where you are planning to take a loan. For this you need to go to a country in Europe and visit the Bank branch. Prepare a package of documents, proving the identity and your income. Also does not hurt the guarantee of a reputable company the natural person or the credit institution. The fact is that in Europe, with suspicious Russian citizens, so, with nothing except a passport, you are unlikely to progress beyond simple conversation. It must be remembered that most European banks are required to sign a contract in the Latin alphabet, so think carefully about this option.
Contact the consulting company if you are not able to visit the country of the Bank. They will help you to make a statement and fill out a questionnaire, and then act as an intermediary when opening an account. These services are quite expensive, so please check rate consulting firms.
We will start registration of a loan in Europe. Remember that you go to the Bank on this issue is pointless, with the exception of those who already have positive credit history in European credit institutions. Take your servicing Bank letter that will confirm that you have the ability to pay.
If you are going to borrow the estate, it is recommended to choose an intermediary real-estate firm, and in the case of consumer credit or a loan to buy a business, contact a foreign consulting company. To prove their income in this case, it is the mediator, because it issued the loan, and you are the payer.
Send a request for a loan in Europe, which is seen within weeks. After a positive decision you along with a facilitator will be invited to the Bank branch to sign the loan agreement. Also the loan can be registered in Russia. In this case it will be the Ministry of Finance or the Central Bank of the Russian Federation. It is worth noting that if you receive a loan in Europe without traveling abroad, it is likely that in the end the amount of costs and interest is comparable to the cost of Russian loans.

Advice 2: How to take a loan abroad

Recent years become popular to take loans in foreign banks. The main advantage – low interest rate, averaging 4-6% per annum. The process of providing loan for the border is the same as in our country. The Bank verifies the creditworthiness of a potential borrower, assessing the collateral, one of the conditions of contract is compulsory insurance of property, property is registered. The interest rate will slightly fluctuate depending on the financial condition of the client.
The Bank
You will need
  • Passport, birth certificate may need to collect additional required Bank documents, including a certificate of regular income, to fill the provided questionnaire.
The loan can be taken in any currency of your choice. Maturities vary from 10 to 30 years, place on smaller terms is not profitable, because mortgage payments are too high. The amount of monthly payments should not exceed 30% of the salary of the borrower.
To obtain a loan from a foreign Bank or through an intermediary, or independently. In Italy, lent is not so easy, the Italian banks can borrow at only half the value of the collateral and the client must have the residence permit. French banks are happy to lend to non-residents and the interest rates they have are quite attractive. Greek banks offer loans only to residents of the European Union, however, as German banks, Czech and Slovak. Cyprus banks to lend to everyone and loyal to be provided by the borrower documents.
Before checking the creditworthiness of the borrower was purely conditional, now the deadlines are slightly increased for a thorough study of the documents of the applicant for the loan.
For the Bank loan is the main source of income. Loan agreement the foreign Bank must contain a description of the procedures for the sale of collateral, the borrower has the full right to sell the property without any approvals from the Bank and the buyer himself to renew the loan. Banks prefer customers who are recommended by any of the local companies. The credit will be issued if the selected Bank determines that you will return with interest without complications the entire amount. Banks are not interested customers who may experience difficulty paying because then they have to resell the collateral.
The credit agreement
Required downpayment from 10% to 30% of the loan amount. You must have good credit history in the banks of their country. If our banks are not made to adapt to a client, an overseas Bank can make concessions. There may be additional costs of reviewing the application, evaluation of collateral, registration of the contract.
Useful advice
Foreign banks welcomed the presence of the employment contract in the country where the credit is issued.

Advice 3: How to get a loan to start a business

The modern situation in the market contributes little to the development of small and medium business. With the high tribune much has been said about his support, but in fact it turns out that to open the owl thing in Russia – the process is quite troublesome and costly. What need to a novice entrepreneur to open a business?
How to get a loan to start a business
Make a business plan of your future enterprise. Before the first generation conduct market analysis of possibilities to open your company. Describe in detail all the benefits of your business, make competent cost estimates for its opening. Possible attract professionals and experts to work on a plan to subsequently increase your chances of getting a loan.
Register SP or LLC at the local branch of the tax Inspectorate.
To register the IP, you will need the following documents and/or certified copies of:
- announcement on the issuance of the certificate of registration;
- passport and identification code;
- certificate of marriage;
- data on Bank account (if necessary).
On the basis of certificate your company will be assigned NACE codes. Register printing enterprise in MCI.
If you want to register the LLC, you will need to submit the following documents confirming your right to the registration:
- the statement;
- constituent documents of the enterprise (Charter, agreement on the establishment, information on officials);
- copies of passports, INN and income declarations of officials and copies of documents confirming their qualifications;
- information about the Bank account.
Will receive a certificate of registration. Get the codes OKPO and register print to MCI.
The Bank gave you the credit for opening of business, submit the following documents:
- the statement;
- certified copies of all documents (passport, TIN, certificate of sole proprietorship or LLC, an extract from egrip/the register);
- business plan of the enterprise.
In full compliance with the terms of the loan, imagine the Bank of reference and guarantee for securing the loan. This may be help 2-NDFL (if you work), an apartment or a car, the guarantee of physical persons. The guarantor will need to provide proof of income or certificate of ownership of any property. But when making a mortgage remember that you will have to pay interest not only on the loan for the business, but to pay for the use of the pledged property.
If you already have a business that makes a profit, it is easier for you to receive credit.
If the Bank is motivated, you refused to results loan, please contact your local business development Center or to private investors, presenting them all the necessary documents. But be ready that the interest rate in this case will be higher than a Bank.

Advice 4: How to take out a student loan

Another school year came to an end and many of yesterday's students will soon move into the category of students of higher educational institutions. However, now to have the opportunity to continue further study at University, it is necessary to have on hand a "tidy" amount of money, which have not all. Many parents of students forced to go to extremes, selling real estate, a car or making, for these purposes, huge loans. At the same time drawn mainly ordinary consumer loans. While some banks offer trust student loans with special conditions, to start to pay which can only be in a few years.
How to take out a student loan

Loan for education in Russia

Unfortunately, lending institutions that issued trust loans for education in our country, not so much. The fact that the Russian system of education on a commercial basis has not yet reached the European level, and among Bank clients, this service is not popular demand. Not contribute to the process and the banks themselves, setting quite a high fee for the use of educational loan of about 15-17%. After all, if you consider that the amount given on such loans is quite impressive, it becomes clear that to use this offer may not all. In addition, many financial institutions prefer to lend only to applicants to commercial colleges, where tuition is much higher than in state schools. For comparison, in the United States and Europe a student loan is a very common phenomenon, and the interest rate on such loans is 3-4 times lower.

You need to take out a student loan?

When you make an educational loan between the borrower and the lender, usually consists of two types of contract. One of them involves the loan is intended directly for payment of training. The second is the issue of funds for other, related needs (accommodation, food, etc.). Apply for the educational loan can any citizen of the Russian Federation who has reached 14 years of age and enrolled in any accredited Bank institution.

For the registration of education loan the borrower will need to provide the following documents:

  • the passport of the citizen of the Russian Federation;
  • a copy of the contract with the University to pay tuition;
  • the expense for tuition.

If the credit is issued to receive the second higher education, then we need to provide the lender with a certificate of average earnings. If the borrower is a minor citizen, then when obtaining a loan required to issue the guarantee or provide the Bank guarantee. In the role of guarantors are usually parents of the borrower, and the collateral could be a property or a car.

It is worth noting that in addition to the interest rate in the cost of education loans can also include the additional Bank commissions and fees. Student loans are issued for a period of 10-15 years, while the repayment of the principal amount of the debt will occur only after the borrower will receive a diploma. While training is paid only the interest for using credit funds.

The advantages and disadvantages of student loan

Because not all banks engage in the issuance of targeted loans to education, limited choice creates certain inconveniences. Quite often, the UNIVERSITY is working with only one particular Bank that the rights of the monopolist raises its own credit terms. The same principle is carried out and credit insurance – insurance is possible only in the accredited Bank insurance companies. Besides, the obligatory requirement of the Bank that issued the credit for training will be the successful completion of the session. If this clause is violated, the lender unilaterally terminates the loan agreement and stop payments.

Often there are situations when the Bank does not issue the amount sufficient for full payment of training. The reasons may be very different, for example, insufficient income of the guarantor or low value collateral. In this case you have to "desanimado" the remaining amount, making another loan.

The main advantage of education loan is the deferment of repayment. This means that when the time comes to pay the loan, the family has become on of the working person more and to repay the loan will be easier. However, those students who wish to study and work at the same time, banks are willing to go to the meeting and can include the part of principal in the monthly payments from the first payment.

The advantages of the trust student loans also can be attributed to the fact that the tuition takes place by means of transfer to the account of the institution, which means you do not face expulsion from the University for debt. In addition, when making educational loan borrower can expect to receive compensation from the state in the amount up to 50% of the loan amount.

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