Currently, consumer loan rates have begun to decline significantly. If previously money was issued at huge interest rates, today you can get a loan at a rate of fifteen percent per annum. So where can you get the cheapest consumer loan and what do you need for this?

What does the interest rate depend on?

Many people who have taken or are just planning to take a loan are interested in the question of which bank to get the cheapest consumer loan from. Before you start choosing a lender, you should analyze your own capabilities. Here it is important to consider your income level and whether you can leave property as collateral. The borrower's credit history is also very important. The better it is, the easier it is to get a loan at a favorable rate.

The level of reliability and solvency of the borrower has a very strong influence on the bank’s decision and attitude towards it as a whole.

Also an important role when the bank determines the loan rate is played by:

• Whether the borrower is a salary client of the bank.
• Does he have a deposit in the bank?
• Has he taken out loans before?

At the same time, the majority of potential borrowers consider the loan that will be issued at the lowest possible rate to be profitable, without taking into account its term and insurance payments.

The rate for each client is considered individually and depends on:

• Salary level.
• Social status of the borrower.
• Last position of work experience.
• Borrower's credit history.

Who can get a loan

Where to get the cheapest consumer loan? Which bank? It's not that easy to choose. But before doing this, you need to find out which category of citizens the bank can issue a loan to.

To receive a loan, the borrower must meet standard banking requirements. These include:

• A potential borrower must have Russian citizenship and permanent registration in any region of Russia.
• The client's age must not be less than eighteen years. A separate loan program is provided for retired people.
• The borrower must have a permanent, preferably confirmed, source of income.
• The length of service at the current place of work should not be less than three months, and the total length of service should not be less than six months.

If the borrower meets all the above conditions, then he can begin to search for a bank where he can take out the cheapest consumer loan.

What documents are required

To receive a loan, you must present a certain package of documents to any financial institution. It will help you study the borrower’s credit history and determine an individual loan rate.

Such documents are:

• A valid passport of the potential borrower.
• Certificate of state pension insurance of a citizen.
• Certificate confirming the client's income. For non-working pensioners, it will be replaced by a pension certificate.

In addition to these basic documents, the bank may require a work book, which will be certified by the seal and signature of the employer. A driver's license and vehicle license may also be useful. For individual entrepreneurs, a mandatory document is the TIN. If the loan is issued with the collateral of property, then you need to present to the bank a certificate of ownership of the property that is being pledged.

Who can take out a loan at a reduced rate?

The cheapest personal loan may be available to certain borrowers. The bank makes the most favorable offers to borrowers who are its salary clients. In this case, it is not necessary to provide certificates confirming income. The bank will be confident in the solvency of the potential borrower.

A borrower who has previously taken out a loan from a bank can count on more favorable conditions. Having a positive credit history also helps you get the cheapest personal loan.

The cheapest consumer loan in Rostov

Where can a borrower with a good credit history get a loan in Rostov and the region at the minimum rate? To do this, you can contact banks such as:

• "Sberbank";
• "VTB 24";
• "OTPbank";
• "Rosselkhozbank";
• "Alfa Bank";
• "Home Credit Bank";
• "Rosbank".

In addition, any borrower can receive the most favorable loan rate from the bank of which he is a salary client.

Pledge of movable and immovable property, as well as the presence of guarantors, will help reduce the loan rate.

The cheapest consumer loans in Moscow

Such a large city is rich in the presence of banks. There is a lot of competition among them. For this reason, every financial institution, trying to attract clients, offers increasingly favorable lending conditions.

So, for example, in Alfa-Bank you can get a loan at an interest rate of only 14.9 percent per annum. But for this you need to have an excellent credit history, and you will also need to confirm the source of your income.

Those clients who receive wages on cards from VTB24, Sberbank or Rosselkhoz Bank can also count on more favorable lending conditions.

If the borrower has previously applied to Bank of Moscow or Tinkoff, then upon repeated application the loan rate may be reduced. Home Credit Bank offers its former and current borrowers credit cards on favorable terms.

But it is worth considering that for all new credit clients the loan rate is set on average at 27-35%.

It’s difficult to say for sure where the cheapest consumer loan is. This is influenced by many factors, but you can always choose the appropriate conditions.

Unfortunately, the economic situation in our country has left much to be desired for a long time. Every person has needs. But the means to satisfy them are not always available. That’s why many people decide to take out a loan. However, this is a serious decision. So people have to carefully look for a financial institution that offers the most favorable loan conditions. Only after comparing several options can you understand which one to take out a loan from.

Clear leader

This financial institution offers several Take, for example, consumer. It can be issued at Sberbank even without collateral. The maximum amount is 1,500,000 rubles, the rate is from 16.9%, and the term can reach five years.

More favorable conditions are offered to people for whom an individual can vouch. Then the possible loan amount increases to 3,000,000 rubles, and the interest rate starts at 13.9%. Only the deadline remains unchanged.

Many people, wondering which bank is best to take out a loan from, like to make preliminary calculations so that the potential benefits can also be seen. Well, we can give an example. A person with an income of 60,000 rubles per month, receiving a salary on a Sberbank card, has the opportunity to take about 640,000 rubles for two years. For him, the interest rate will be 13.9% per annum. Every month you will need to pay about 30,550 rubles, and the amount of overpayment will ultimately be 95,000 rubles.

"VTB 24"

When talking about which bank is best to take out a loan from, one cannot help but mention VTB-24. After all, this organization takes second place in the ratings.

"VTB-24" offers several "Large" - from 400,000 to 3,000,000 rubles, for a period of 37-60 months, with a rate of 15.9-17.9% per annum. “Fast” - from 100 tr. up to 3 million. The period within which you will have to meet when paying off the debt ranges from 6 to 36 months. And the last type is a “Convenient” loan. You can use it for an amount starting from 100 thousand rubles. up to RUR 399,999 Term - from 37 to 60 months, rate - 16.9 - 25%.

By the way, many people, wondering which bank is better to take out a mortgage loan from, are advised to contact VTB-24. This organization has truly excellent conditions. Let’s say a person wants to buy a 1-room apartment for 4,000,000 rubles. An initial payment of 1,200,000 will be required. The amount for people who want to buy such housing is usually escalating. In this case, VTB-24 offers to issue a mortgage for 10 years. If a person receives about 65,000 rubles per month, then the rate for him will be only 11.4% per annum. And you will need to pay 39,000 rubles/m.

RosselkhozBank

This financial organization is in third place in the ranking. Many, having studied in detail the question of which bank is best to take out a loan from, make a choice in favor of Rosselkhoz. This solution is especially beneficial for those people who participate in the “salary project” program of this organization. For them, the interest on a consumer loan without guarantee starts at 15.5% per annum. If a person wants to take 750,000 rubles (this is the maximum amount) for 36 months, with a monthly income of 60,000 rubles, then he will have to pay only 26,000 rubles/m, at a rate of 16.9% per annum. It is not surprising that many people choose Rosselkhoz if they have a question regarding which bank is better to take out a loan from.

In addition, there are favorable mortgage offers here. For housing in the Tsaritsyno residential complex, for example, the minimum annual rate is set at 7.5%. There are also military mortgages, loans for the purchase of real estate with government support and many other offers. You can even apply using two documents! Only for this you will have to make an initial payment of 40%. A person’s ability to immediately give away such an amount is verbal confirmation of his income. If he wants, say, to take 1,000,000 rubles for 36 months, then the rate for him will be 14.4% per annum. Only monthly income should be 60 thousand rubles. Because every 30 days you will have to pay 40 thousand rubles. as payment.

"Alfa Bank"

In many ratings that clearly demonstrate which bank is better to take out a cash loan, this organization is included in the top three. The conditions are favorable. The maximum amount is 2,000,000 rubles. Duration - from one year to five years. There are no fees, no guarantor is required, APR starts at 13.99%, and issuance decisions are made within a day. And early repayment is possible, which can be negotiated even over the phone.

Also, good mortgage conditions are offered to salary clients of this organization. If a person wants to buy an apartment on the secondary market, then he can be given funds for 5-25 years with an initial payment of 30% and execution of only one document. The rate will be 17.3% per annum. If you want to purchase a residential building, you will have to contribute 40% of the total amount.

"Gazprombank"

Many people assure that it is better to make a choice in favor of this organization, since the question has already arisen regarding which bank is better to take out a loan. Many call it one of the best.

If you take out a loan for a period of up to a year, the rate will be 13% with collateral and 14% without it. Do you need a loan for a longer period? If it varies from one to three years, then the annual rate will increase to 13.5% with security and to 14.5% if there is none. And on a loan for a period of 36-60 months you will have to pay 14% and 15%, respectively. By the way, for Gazprombank clients the rate is 0.5% lower.

OTP

This organization is also not in last place in the ranking of verified financial organizations. Moreover, many people recommend it if a person is interested in which bank is better to take out a consumer loan.

OTP loans are issued in cash and for any purpose. Let’s say a person needs to borrow 500,000 rubles. for a period of 24 months. He may be offered a rate of 14.9% per annum and a monthly payment of 24,220 rubles.

A mortgage in OTP is also profitable, especially for “our” clients. The maximum term is 30 years. For mortgages with state support, rates start from 11.2%. For new buildings - from 12%, as well as for finished housing.

By the way, many companies cooperate with OTP, and when purchasing at their centers you can get an installment plan or a loan. These are DNS, Svyaznoy, Euroset, Media Markt, Techno-Sila, MegaFon, 585, Elena Furs and many other popular brands.

"BinBank"

This is also a fairly well-known commercial financial organization. Many people often advise turning there if a person is interested in which bank is best to take out a profitable loan.

The minimum amount is 100,000 rubles, the maximum is a million. Terms can vary from 24 to 84 months. The rate starts at 16.5%, and the decision on issuance is made within three working days.

If a person is a client of BinBank, then he can be given 1,000,000 rubles at 16.5% per annum, while the monthly payment will be 26 thousand rubles.

You can also get a mortgage here. The minimum annual rate is 11.25%, the term is 5-25 years. The down payment should be 15%. The maximum loan amount is not limited, but the minimum is 600 tr. (Moscow) and 300 tr. (other regions). The decision is made within five days. By the way, it is still possible to partially reduce the loan, the amount of payment or early repayment.

"Yugra"

This is a joint-stock commercial organization. When talking about which bank is best to take out a loan from (the list of names, as one can already understand, is very wide), one cannot help but mention Ugra. It issues four types of consumer loans. There are “Friendly”, “For any purpose”, “Loyal” and “Pension”. The peculiarity of this bank is that there are no universal conditions - here an offer is individually selected for each client, in accordance with his income and capabilities. So to apply, you need to fill out an application first.

The same goes for mortgages. But there are some standards here. The down payment must be 20% of the total amount. The mortgage term is from three to thirty years. The minimum amount is 300,000 rubles, the maximum is 10,000,000 rubles.

"Avtotorgbank"

This limited liability company is also worth noting when talking about which bank is better to take out a loan from. The rating mainly shows popular names of financial organizations. Few people have heard of Avtotorgbank. But it offers favorable conditions for car loans.

This organization has many partners, including famous foreign manufacturers. The bank issues money for a car loan in euros, dollars and rubles. The minimum amount is 300,000 rubles, the maximum is 5 million. The period can vary from 6 to 60 months. The down payment must be at least 20% of the cost of the car. A deposit is not required, since the purchased car becomes the deposit (you will need to transfer the title to the bank for safekeeping).

If a person takes an amount for a period of 6 to 12 months, then the annual rate will be 18%. From 13 to 36 - 19%. And from 37 to 60 - 19.5%, respectively. Many people take out a loan in euros or dollars, since in any case, no matter what term the client chooses, the rate will be 15%. But in this case, there is also a risk, and it lies in the unpredictable exchange rate.

"Sovcombank"

This organization is also worth noting with attention, talking about which bank is better to take mostly positive things about it. After all, Sovcombank makes favorable offers to its clients. True, the services of this organization are suitable for those people who need small amounts. So, for example, 100,000 rubles can be issued at a bank at 12% per annum. The requirements for borrowers are low - Russian citizenship, age from 20 to 85 years, 4 months of work experience at the last job and permanent registration in the region (also at least 120 days).

There is a consumer loan “Standard” with a maximum amount of 200,000 rubles, “Superplus” (600,000 rubles), “Pension”, “Express” and even the so-called loan “For those responsible”, provided upon presentation of a passport and a higher education diploma .

What do clients say?

Finally, we can talk a little about what kind of reviews about the work of banks are left by people who have used their services.

When using borrowed funds, bank clients always strive to choose the most advantageous offer. The main parameter that attracts the borrower is the low interest rate for using the loan.

Which bank should you contact first?

A low interest rate is often provided to salary clients, as well as employees of the bank’s partner enterprises. For example, Raiffeisenbank offers clients to take out a consumer loan at a rate of 16.9-23.5%. If the client receives his salary into an account with this bank, his rate will be only 14.9%. Therefore, first of all, you need to contact the bank to which your salary is transferred.

A bank from which you have already taken out a consumer loan and successfully repaid it may also offer a low rate. Many banks have created loyalty programs for regular customers, and the more often you apply, the more favorable the conditions become.

If you have an open deposit in any bank, be sure to find out under what conditions you can get a loan from it; depositors are often offered improved conditions.

Getting a consumer loan with a low interest rate is easy!

To take out a loan at a minimum interest rate, you must prove to the bank that you are a reliable and responsible borrower. To do this you need:

Provide a complete package of documents. The main rule of banks is “More documents, lower rate.” A passport of a citizen of the Russian Federation is a mandatory document; additional documents may include:

• Driver's license.
• Pensioner's ID.
• Certificate of assignment of TIN.
• International passport.
• SNILS.
• Military ID.
• Voluntary health insurance policy.

Confirm the availability and amount of permanent income. Income is confirmed by a 2-NDFL, 3-NDFL certificate, a certificate in a bank form or in free form, usually for the last 3-6 months.

Banks give preference to the 2-NDFL form: its provision confirms the stability of work in one place and the fact of having a reliable “white” income.

Find 1-2 guarantors. Guarantors must also comply with the recommendations described above (provide 2 documents and confirm income).

Provide collateral. Even without a stable income today, a borrower can convince the bank of his reliability by documenting that he owns liquid property (residential or commercial real estate, a car) and expressing a desire to secure the loan as collateral.

What else affects the loan rate?

The full cost of a consumer loan consists not only of the interest rate; its size may also be affected by the presence of additional fees or the repayment scheme.

Additional fees There are one-time and monthly payments; you can find out about their availability in the loan agreement. Employees should also provide you with a calculation of the full cost of the loan, after studying which you can find out about the presence of such commissions.

Negative influence repayment schemes the cost of a consumer loan is especially noticeable when the bank draws up a payment schedule in such a way that the bulk of the payment goes to repay interest, this significantly increases the final overpayment.

Therefore, before signing a loan agreement, be sure to make sure that there are no additional fees specified in it (for example, for obtaining or repaying a loan) and how your monthly payments will be distributed (how much will go towards paying off interest and how much will go towards the principal amount).

If you have planned to get a loan at least once in your life, then you must have asked where is the best place to get cash? Nowadays you can find a lot of advertisements offering to receive funds quickly and on favorable terms.

How to choose a bank for a loan?

To select a banking company and program, you need to carefully study and analyze the conditions under which they issue money. It is best to read the opinions and reviews of other borrowers who have already received loans from one or another organization and can give useful comments.

You just need to choose the offer that is most profitable for you, and that’s what you should focus on.

• Terms of the contract, requirements for the client.
• Interest rate and monthly payment amount;
• Possibility of early repayment.
• Methods of loan repayment and payment.
• Regularity of payments, penalties for delays.
• The prestige of the banking organization, the period of its activity.
• Availability of programs that are right for you.
• Availability of branches, terminals and ATMs in your locality.

And remember!!! Before taking out a loan, think 10 times and apply 1 time. If today you are offered a loan with a rate of over 17%, this is a clear robbery. Look for the best deals. They exist, we must look for them. And don’t forget to read this note before submitting applications, it will help you avoid making serious mistakes!

Bank	% per annum	Filing an application
Eastern has more chances	From 9.9%	Design
Renaissance Credit is the fastest	From 9.9%	Design
Home loan worth a try too	From 9.9%	Design
Alfa Bank credit card	0% for 60 days	Application
Svyaznoy: installment card Conscience credit card	from 10% per annum	Application
Home Credit: installment card Freedom credit card	from 12% per annum	Application
Sovcombank if everyone refused	From 12%	Design

Expert advice:

1. If you receive your salary into an account in a bank, then this is the company you should contact for a loan. Most organizations have options with reduced rates for participants in salary projects. Firstly, the rate is lower, and secondly, the documents are processed much faster. For example, Sberbank offers the lowest rates for participants in salary projects - from 11.5% per annum for consumer proposals, you can read more.
2. Pay attention to the availability of promotions - very often during promotions the percentage is reduced by 1-2%, of course, various additional conditions are added, but still! For example, now many banks cooperate with certain developers, and if you buy housing from an accredited company, you can count on a minimum interest of 4-5% per annum.
3. A car loan can be issued with a 10% discount on the cost of the car under the government subsidy program; its detailed conditions are described. The type of vehicle you want to purchase will be very important: new or used. There are even programs without a down payment, they are described in this review.

Consumer loan: where is the best place to get it?

Consumer loans are those loans that are issued to individuals for any personal purpose, for example, paying for repairs or treatment, educating a child, purchasing furniture, commercial equipment or electronics, etc. In other words, you can spend your money anywhere without having to report your purchases to the bank.

Where to contact? First, you need to find out which banks operate in your city or other locality; the easiest way to do this is through a corresponding request in the Yandex or Google search engine.

Having received this information, you need to look through the offers that they have. Read the terms and conditions carefully, because... banks often indicate minimum rates and maximum amounts that are available only to certain categories, for example, payroll clients.

The choice of program will depend on the purpose of your application, as well as on the conditions you are counting on:

1. If you have collateral in the form of real estate or a car, you will be offered the most favorable interest rates of 10-12% per year. Such programs are listed;
2. If you bring a guarantor, you will be approved for a large amount of up to 1 million rubles. at a reduced rate of 11-13%, more details in this article;
3. There are special programs for state employees, military personnel, owners, etc.
4. If you are a pensioner, then special programs will be offered for you;
5. If you need an urgent loan without certificates, you can find it

Which bank has the lowest interest rates?

Our readers often ask us about which company can find the lowest interest rates, rightly believing that the lower the percentage, the less the overpayment. And this is true, but you should remember that each application is considered individually, and if the loan advertisement says that the rate is from 11%, this does not mean that you will be approved for a loan at 11%. They can do it at 15% or 27% per year.

What do the conditions depend on:

• borrower category (salary client, pensioner, new borrower, etc.),
• selected program,
• availability of security,
• requested amount and period,
• number of documents provided.

In other words, even if you simply belong to different categories of borrowers, for example, one is a participant in a salary project, and the other person applies on a general basis, then even if you request the same amount for the same period, you will receive different rates.

Also, the % will depend on whether you agree to personal insurance. Although this service is voluntary, many banking institutions provide a premium for those who refuse the policy.

Where can you get a cash loan under favorable conditions:

Name of the bank	Amount, rub.	Interest rate
Bank "Let's go!"	Up to 275.000	From 7.77%
	Up to 100.000	From 8.9%
	Up to 1,000,000	From 9%
Asia-Pacific Bank	Up to 150.000	From 9%
	Up to 3,000,000	From 9.9%
Svyaz-Bank	Up to 1,000,000	From 9.9%
	Up to 3,000,000	From 9.9%

Where will a loan with bad credit be approved?

If your CI is damaged, then, unfortunately, the path to large banks is closed to you. You will have several options to obtain the required amount of money:

1. Apply to a microfinance organization for a microloan in the amount of 10-40 thousand rubles at a high rate of up to 2% per day,
2. Find a private lender who will give you money from their savings,
3. Contact pawnshops, where you can get a loan even with a bad credit card secured by a car (PTS) or other property,
4. Try to get a credit card online with home delivery; you can read about such a service in this review.

With the existing arrears, you will practically not be able to get money anywhere, even if you have an official job, only in a microfinance organization. You need, first of all, to pay off all your debts and improve your credit history.

You can do this yourself, or using the special “Credit Doctor” program, you will find the details.

Where is the best mortgage?

A mortgage is a special type of lending that is provided for the purpose of purchasing or constructing one or another type of real estate (house, apartment, townhouse, land, country real estate, commercial, etc.). When choosing, you should pay special attention to the following nuances:

• What is the size that needs to be made?
• what is the maximum duration of the contract?
• Are there any fees for processing or issuing a loan?
• Is it allowed, under what conditions?
• Are state and municipal subsidies accepted?
• What is the amount of insurance that must be paid annually?

If you want to get a mortgage loan, then first of all find out whether you or your family are eligible for special housing programs? Eg:

1. young family ,
2. for teachers, doctors and housing and communal services workers,
3. military mortgage, loans for employees of the Ministry of Internal Affairs and police,
4. lending for Russian Railways employees, etc.

For all these categories of citizens, special targeted government programs have been developed, which provide not only preferential conditions, but also partial subsidies of interest rates. Also in various regions there are cash subsidies for them, which allow them to pay off part of the debt or the down payment.

The cheapest cash loan - which bank to get the cheapest consumer loan in 2019

Only borrowers with a good credit history have the opportunity to take out a cheap loan in cash or on a bank card - this is an important condition, this is how the lending system in banks works. If you have never had large overdue loans or at least no current overdue loans in other banks, then you can significantly save on loan interest, by registering it in one of the banks from this rating.

Conclusion

Each of the banks indicated in this rating issues loans only for citizens of the Russian Federation with a civil passport. In addition, any bank may request from the borrower any additional documents that are not on the list. This is necessary for the bank to assess the risks taken, and for the borrower to receive a loan at the cheapest rate. The more documents, the lower the rate.

Don’t stop at just one bank, submit an online application to as many banks as possible (click on the button or bank name to go to it official site) . The interest rate in most cases is calculated individually, and then you will certainly be able to choose the bank that offers the cheapest loan.

Important! Beware of various offers to get a cheap loan from a bank through third parties (bank employees, banker friends, brokers, etc.) - these are scammers! Take care of your money - apply for loans only on official websites or in bank offices.