Which banks lend on the security of the apartment. In which bank to take a loan secured by property? On the security of the acquired property

Let's analyze the conditions and benefits of this type of lending to citizens.

Today, everyone can find themselves in an awkward position when a large amount of money is urgently needed. What to do in this situation? As a rule, a consumer loan is issued at a considerable interest. Consequently, there is a need to take a loan secured by real estate: the overpayment is much less, the property actually remains available, and the funds are issued within a few days. Is this really so, we suggest that you further understand.

Features of lending secured by real estate

Today, banking institutions provide loans secured by real estate to almost everyone who applies to them. The reason for this is the guarantee of repayment of debt and accrued interest. In the event that the borrower stops repaying the loan, then after the completion of legal proceedings, the mortgaged property becomes the direct property of the lender. Further, he has the right to use this property solely at his own discretion: rent it out, sell it, etc.

In accordance with the legislative framework of the Russian Federation, in order to obtain a loan in a banking institution, you can pledge the following objects:

• land plot;
• residential property (house or part thereof, apartment, room);
• objects that are used for commercial purposes;
• garden houses, garages, summer cottages, etc.

Property that is jointly owned can be mortgaged only with the consent of all owners. However, for example, a part of the property belonging to the borrower can be issued as collateral without the consent of other persons.

List of real estate objects that are not subject to registration as collateral:

• real estate in disrepair, as well as one that is subject to demolition in the future;
• residential premises in which children under the age of majority, persons in places of deprivation of liberty and in the army, elderly dependents are registered;
• real estate, in the process of privatization of which the rights of children were not taken into account;
• objects that have an encumbrance of a corresponding nature.

Conditions and requirements of banks for obtaining a loan secured by real estate

The main requirements for obtaining a bank loan secured by real estate are:

1. The solvency of a potential borrower.
2. Satisfactory physical condition of the property, the absence of any encumbrance on it.
3. Compulsory drawing up of a loan agreement.
4. Provision by the client of the following package of documentation:

• an application completed in the prescribed manner;
• passport of a citizen of the Russian Federation;
• a copy of the work book certified by the official employer, a certificate of income in the form of 2-NDFL;
• marriage/divorce certificate;
• a notarized document confirming the direct consent of the spouse to the loan;
• documentation for the property object of pledge (cadastral number, technical passport, extract from the Unified State Register, certificate of the State Registration Office).

A banking institution must take into account the liquidity of collateralized property through a special expert assessment. The bank may not accept a pledge, provided that the potential client provides the only housing in which his entire family and children who have not reached the age of majority live.

As you know, small loans, up to 100,000 rubles, are often issued by banking institutions without property security. However, whoever has a negative credit history cannot hope to get an unsecured loan. Therefore, if the client has a bad credit reputation, then providing real estate collateral is the only way to not only get a bank loan, but also significantly improve your credit rating.

It should be noted that not all potential borrowers have the opportunity to apply for a secured loan with a negative credit reputation. In this case, a positive decision directly depends on the rating score, that is, bank specialists consider the degree of violation of the loan agreement.

Borrowers who have systematically defaulted should not wait for approval from the bank. If the delay in loan repayment was of a one-time nature, the probability of issuing a new loan or refinancing an existing one is quite high. Banking institutions are interested in the timely return of loan funds, therefore, collateral refinancing options are given priority.

The quality of the collateral is important. So, initially the assessment of the liquidity of the collateral object is carried out. Of course, the higher it is, the more likely the borrower is to get a loan on favorable terms.

In addition, the client must be prepared for additional costs, since the bank has the right to require compulsory insurance of collateral. The purchase of an insurance policy is carried out annually, and its cost is calculated as a percentage of the total balance of credit debt.

Loan secured by real estate without a certificate of earnings

To date, there is a practice of issuing loans secured by real estate without providing a certificate of income. But, unfortunately, not all banking institutions are willing to take such a risk. First of all, this is due to the fact that banks do not want to bear considerable losses from the potential insolvency of the borrower. Usually, the issuance of such a loan is carried out for an amount not exceeding 50% of the total value of the collateral object.

After the client provides a complete package of documentation, the bank will be ready to make an appropriate decision. Further, a loan agreement and a pledge agreement are concluded. The borrower is advised to carefully study all the nuances of lending immediately before signing a formal agreement.

Particular attention should be paid to the following points of the loan agreement:

• loan interest;
• the amount of the monthly mandatory payment;
• the presence of an additional commission for processing a loan;
• additional payment for servicing the loan;
• grace period (its presence or absence);
• the amount of penalties for late payment of current payments;
• the nature of the sanctions that the bank can apply to the debtor in the event of its complete insolvency.

Additionally, the bank may require you to take out health and life insurance for the client. Of course, this will require certain financial costs.

Today, in the modern financial market, there is a huge number of credit and microfinance institutions that are ready to provide loans secured by real estate on convenient terms of service. Nevertheless, the borrower is obliged to competently approach the solution of this issue, having soberly analyzed his financial situation and comparing it with the possibility of repaying credit debt in the future.

Let's see which banks give loans secured by real estate. First of all, we note that immovable objects: apartments, houses and land - financial institutions willingly accept as collateral. Do you know why? Because transactions with their participation are beneficial to both participants. Both the borrower and the lender.

The benefit of the first is obvious. A loan secured by a highly liquid collateral is provided on more favorable terms than a regular consumer loan. Not to mention loans for one or two documents and express loans.

The second, accepting real estate as collateral, can be 99% sure that the debt, as well as accrued interest, will be paid in full, because the client mortgages his home. Therefore, he will treat the loan as responsibly and deliberately as possible.

Ownership of collateral

Contrary to popular belief, ownership of an apartment, house or land is retained by its owner, that is, the borrower. The imposition of an encumbrance on it is a consequence of the transfer of real estate as a pledge. In particular, a bank client who has provided his property as security has the opportunity to:

• make repairs in the apartment / house;
• rent out housing;
• register in the apartment / room / house of relatives.

The last action is possible only with the consent of the bank.

But it is impossible to sell or donate an apartment / house until the encumbrance is removed from her / him. This happens after the full payment of the loan taken.

How much and for what

The total amount of funds issued by banks secured by real estate can reach 80% of its appraised value. However, there are few such offers on the market. In most cases, we are talking about 50% -60% of the real market value of housing. The maximum loan term can be up to 20 years.

The following are accepted as collateral:

• residential buildings with land plots;
• apartments;
• townhouses with a plot of land;
• detached universal premises (commercial real estate);
• non-residential premises in high-rise buildings.

Security Requirements

Mortgaged real estate, first of all, must be liquid. That is, capable of quickly turning into money. This condition presupposes not only its [property's] ideal condition, but also the demand on the market. For example, a bank is more interested in an apartment for 2.5 million rubles than a luxury apartment for 15 million rubles. Apartments, houses and land located 50 or more kilometers from Moscow are considered illiquid. In addition, apartments in old high-rise buildings and old houses are low valued.

An object pledged to a financial institution must be free from any encumbrances. At least in the part that corresponds to the amount of the loan being issued (but the chances of getting money in this case are greatly reduced). The fact of encumbrance is revealed simply: by sending a request to the Unified State Register of Real Estate. In the extract received, all claims and encumbrances will be described and all owners of the apartment, house or land plot will be listed.

Comparative table of banking products

Here are the current bank offers for issuing loans secured by real estate (in alphabetical order):

Main disadvantage

Despite the lower interest rates on loans secured by real estate, they all have one serious drawback: the borrower, in case of difficulties with debt repayment, risks losing the mortgaged apartment, house or land.

To be interested in which banks give loans secured by real estate should be those who receive a consistently high income, and this circumstance will continue in the next few years. In this regard, it is necessary to carefully study the conditions of banks in the sense of drawing up an insurance contract. Some insurance companies offer to neutralize the risks of loss of work, health and even life of the borrower. On average, paying insurance premiums increases the interest rate on a product by 3 percentage points. And this again suggests that it is better to calculate your financial capabilities before applying for a loan.

May 28, 2016, 08:19 27733 0

If a person urgently needs money, and there is nowhere to get it from, then banks offer a service such as a loan secured by real estate, which provides the borrower with an opportunity to receive a large amount for a variety of purposes, from buying an apartment to the opportunity to make home repairs or relax. Such products are popular in the banking environment, since the bank will protect itself from risks by issuing money - if the loan secured by real estate ceases to be paid, then the property is simply torn away from the applicant.

What is a real estate loan

In connection with the expansion of the market for the construction of personal housing, banks have become more willing to lend money secured by real estate, offering it to their clients when they do not have the funds to buy a new home, or there is an uncovered difference between the price of old housing and new. Even if the goals of clients do not relate to mortgages, banks still go for loans if a person provides housing or any other product that is a priori in demand on the market as security.

Mortgages secured by existing housing

For the law, a targeted loan secured by real estate is equivalent to a mortgage, because it doesn’t matter whether you buy a new home, taking money for this purpose, or take funds for other purposes, mortgaging real estate - such a loan is considered targeted. There are options when a person, wanting to improve his living conditions, wants to borrow money from a credit institution by mortgaging the property that he already has. The contract specifically prescribes conditions that suggest that a person will spend the funds received exclusively on the purchase of housing.

Non-targeted loan secured by an apartment

Many large banks, such as Sberbank, offer a non-purpose loan secured by an apartment, which provides that the money provided to the applicant can be spent in any way, and he will not need to report on this. Such Sberbank products should be popular among customers, but the need to collect a lot of documents, one listing of which takes two sheets, and the likelihood of not receiving money, scares off potential applicants.

Loan secured by land

If a person does not have an apartment, which, according to the documents, is his property, then many banks, for example, Rosselkhozbank, offer to take a loan secured by a land plot if it belongs to a potential borrower. It is desirable that the site is located in a good area, there are some buildings on it, so that the bank has the opportunity, in case of delay in payments on borrowed funds, to easily and profitably sell it.

Lending companies can accept any property as security for a loan, issuing consumer loans against it - it can be cars, trucks, special-purpose vehicles, truck cranes, excavators, even antiques, although in this case banks are reluctant to consider such collateral, since antiques require independent evaluation, and then selling them is not so simple.

Credit benefits

Unlike other bank loan products, the advantages of a loan secured by real estate are obvious:

• consideration of the application takes a minimum of time;
• competition for customers encourages banks to lower interest rates;
• the loan term can be very long, up to 25 years;
• some organizations provide potential borrowers with the opportunity not to indicate the amount of their income;
• if a person is a client of a bank, then an agreement can be signed for him on more favorable terms of provision, which may relate to both the amount of interest and the period for obtaining a loan and its repayment;
• to calculate the interest rate on a loan, you can use the mortgage calculator, which is available on the website of any commercial lending company.

Minimum Interest

Each bank has its own interest rate for a loan secured by a house or apartment. There is one general unspoken condition - the fewer documents a client provides to a credit institution, the higher the interest on borrowed funds will be. So, in Sberbank it reaches 14% per annum in rubles, the capital branch of Alfa-Bank offers loan applicants in Moscow 12.5 - 12.9%, at Rosselkhozbank the rate depends on how long the client takes the money - the longer the repayment period the higher the payment amount.

Loan secured by an apartment without proof of income

Everyone wants to get borrowed funds as soon as possible without collecting a pile of certificates. You can take out a secured loan without references from Sberbank only by receiving wages regularly on the card of this bank, or exclusively for educational purposes, for which Sberbank has a special product "Educational". Sovcombank, Vostochny Express Bank and Rosselkhozbank can provide loans without salary certificates, offering the most suitable conditions for borrowers.

Real estate loan terms

Each bank has its own conditions for obtaining a loan secured by real estate, however, the most important requirement is to provide reliable information on the available housing that is supposed to be mortgaged. Its value is assessed by experts. Based on this, a decision is made to issue the required amount of money, which is a certain share - from 60 to 85% - of the market price of an apartment or house. Banks may impose other conditions regarding, for example, consent to the loan of people living with the loan applicant.

How to get a loan secured by an apartment

To simplify the issuance of funds and quickly take out a loan secured by real estate, you must first evaluate and insure your home so that bank employees do not have to carry out this procedure themselves. At the same time, it is necessary to use the services of reputable firms, whose documents will have weight for bank employees. When filling out a form for issuing a particular type of loan, you need to be aware that you will not be given an amount that will be more than stated in the assessment sheet.

All expenses are borne by the potential borrower and are not compensated in any way. The client submits an application for the type of credit encumbrance required by him in a single form, then waits for bank employees to check the documents provided by him for truth and correspondence to reality. All this takes some time - in some cases, consideration of the application takes several hours, sometimes - several days.

Documents for a loan

Turning to this or that organization, the client should know what documents he will need to apply for a loan secured by an apartment. In each individual case, the situation depends on the banking structure and what product the potential borrower wants to use. When mortgaging housing or any other liquid real estate, the following papers are required:

• documents confirming the applicant's right to housing;
• passport, personal account number of the applicant in the Pension Fund;
• a form confirming officially the applicant's income with tax deductions from them;
• the basis on which the applicant owns real estate (contract of donation, purchase, inheritance);
• certificate from the MFC that the applicant is registered in the house book;
• notarized consent of relatives registered in housing for the issuance of funds.

Bank requirements for the borrower

On the territory of Russia, there are almost the same bank requirements for a potential borrower who wants to receive money by mortgaging a house or apartment:

• age from 21 to 65-70 years (at Sovcombank, the age of the recipient of funds can reach 85 years);
• the applicant must be a Russian citizen;
• officially work for at least six months with the same employer;
• do not involve joint borrowers if they are individual entrepreneurs, owners of private farms or chief accountants of SE, and not individuals.

Obtaining and servicing a loan

After the banking structure has approved an application for a loan secured by real estate, the borrower is given the required amount in cash or by transfer to the account indicated by him. The applicant must carefully study all the clauses of the agreement relating to the repayment of the loan body and interest, because if he overdue at least three times or does not fully repay the current debt, the collateral property can be transferred to the lender without any legal proceedings.

Loan repayment procedure

For simplicity and convenience of tracking payments, banking structures provide for the repayment of a loan secured by an apartment in equal installments, calculating the monthly required amount for repayment and attaching this calculation to the main contract. The contract indicates the deadline for depositing the required amount, after which penalties for delay will be calculated. Sometimes it is possible to repay the entire debt in one payment at once, however, this method of quickly repaying the loan may be subject to a commission.

Which banks give loans secured by real estate

All credit and banking organizations are interested in their funds being in circulation and making a profit with the least risk. The most popular banks that provide secured loans are Sberbank, VTB 24, Alfa-Bank, Raffeisenbank, Rosselkhozbank (preferring to lend to farmers and owners of household plots), Sovcombank, Gazprombank, IIB, Vostochny Express Bank. Each of them has its own products that offer different options for lending with real estate collateral.

Pros and cons of a loan

Like any loan encumbrance, there are pros and cons of a loan secured by real estate. The pluses include the fact that credit companies quickly and positively respond to the applicant's application, if it is correctly executed and all the necessary documents are attached to it. The downside is that you have to collect and draw up a lot of paperwork, and then sometimes wait a whole week to see if the application is approved or not.

Video: Eastern Express Bank - a loan secured by real estate

• at the place of registration of the borrower/one of the co-borrowers;
• at the place of accreditation of the company-employer of the borrower/co-borrower.

Loan application processing time

Up to 6 business days.

The procedure for granting a loan

At the same time.

Loan repayment procedure

Monthly annuity (equal) payments.

Partial or full early repayment of the loan

It is carried out according to an application containing the date of early repayment, the amount and the account from which the funds will be transferred. The date of early repayment indicated in the application must fall exclusively on a business day.
The minimum amount of early repayment of the loan is unlimited.
There is no fee for early redemption.

Penalty for late loan repayment

Penalty* for late repayment of the loan corresponds to the key rate of the Bank of Russia, effective on the date of conclusion of the Agreement, from the amount of overdue payment for the period of delay from the date following the date of the fulfillment of the obligation established by the Agreement, to the date of repayment of the Overdue Debt under the Agreement (inclusive).

Lending secured by property begins to develop rapidly. During a crisis, it is most relevant. Many people have little or no official income for some reason. In this case, banks can issue a loan by accepting the client's property as collateral.

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Lending terms

The property that banks and financial organizations accept as collateral may consist of:

• real estate (house, apartment, land, garage, office, commercial property);
• movable property (car, freight transport, special equipment, river and motorcycle transport);
• valuables (antiques, stocks, securities, art objects, etc.);
• the right to claim third parties (bills);
• other property that is liquid on the market.

Large banks issue loans to individuals only secured by real estate and vehicles.

Most often, the pledge serves as additional security to the main income. Therefore, banks require the mandatory provision of income statements.

Microfinance organizations simplify the registration procedure and issue loans only against the security of property, and under such conditions that banks will never agree to - a bad credit history, lack of income, and others.

Secured loans can be targeted and non-targeted. If everything is clear with non-target, then the purposes for which a secured loan is issued may be different.

Basically, these are mortgage loans - for the purchase of housing. In this case, the purchased property is accepted as collateral.

Some banks issue loans for specific purposes, for example:

• Gazprombank - for gas wiring or for the purchase of gas equipment;
• Rosselkhozbank - to open an agricultural business or to purchase fertilizers and equipment.

The main condition for obtaining a loan secured by property is documentary evidence of the rights to this property.

Documents on state registration of ownership of an apartment or car, confirming papers on the presence of gold bars or antiques in the property, an extract from the Depo account on the ownership of shares.

If the client fails to repay the loan, the property, according to the pledge agreement, becomes the property of the bank, and it has the right to sell it on the market. Thus, covering the losses from the outstanding loan.

To obtain a loan secured by property, a credit institution must evaluate the collateral.

Most likely, the appraiser will name the minimum value of the property in order to maximize the income of the institution.

All credit organizations working with collateral issue such loans as a percentage of the assessed value of the collateral object.

The percentage of issuance can be from 40% to 90% of the property valuation.

Pawnshops can be singled out as a separate item. Here you can get money on the security of small personal property - TV, phone, fur coat, gold jewelry.

Where to get?

There are no problems where to get such a loan at the moment. Any major bank issues at least one such loan.

In addition, there are many offers from relatively small financial companies on the market.

They issue loans according to a very simple scheme, but you should carefully study all the nuances of their lending. Typically, interest rates are several times higher than in large banks.

Now there is a huge number of small credit organizations. Be careful before taking such a serious step as lending secured by property, find out everything about the institution where you plan to take a loan.

On websites, credit organizations do not seek to show information that is unprofitable for them, find out everything you are interested in by phone or from employees.

But do not rush to agree to a loan, even if you have a difficult life situation. Think and analyze!

Judging by the reviews and videos on the Internet and the media, fraudulent schemes come across in which you can lose property and not receive money.

Where can I get a loan secured by property?

Consider the proposals of several credit institutions secured by property.

Sberbank

Sberbank requires its borrowers to provide mandatory proof of income and employment.

For those who receive a salary to a bank account, the interest rate is reduced by 1%.

Rosselkhozbank

You can confirm your income with a bank statement. Unlimited early repayment. You can extinguish the differentiated payments (from the largest to the smallest).

Do you know that today there is an opportunity to take? If you want to know more, read the article.

And you can find out how to get a loan secured by a house in Sberbank. The proposed article contains the most up-to-date and complete information on this type of lending.

MSK-credit

It provides loans in two ways. Banking scheme in cooperation with one large bank, registration on the terms of the bank.

The non-banking scheme provides for simplified issuance and increased interest.

Vyborg Bank

Engaged in car loans. On the security of the title - this is when the client can use the car, and the original title is stored in the bank.

A car pawnshop is when the car remains in the parking lot of the bank. The loan amount and interest rate are about 1.5 times higher.

Let's take a look at this table for reference:

Design methods

Applying for a mortgage loan is very easy. Both banks and microfinance organizations have official websites where you can apply for a loan online in a few steps:

After obtaining a preliminary permit for issuing a loan, the client applies to the bank with a package of necessary documents.

In the event of a final positive decision, documents are drawn up, and this may take a few more days.

In microfinance organizations, everything is easier. They promise to issue a loan in 1 day.

The thing is that such organizations are interested in issuing as many loans as possible, because the percentage per client can reach 100% per annum. In such institutions, the issuance process is brought to automaticity.

Both property valuation and paperwork are very fast. If the client needs money very urgently and he is not embarrassed by a high percentage, then this option is quite good.

Kinds

Consider a few nuances of loans secured by property:

No proof of income

Such loans are usually issued by small financial institutions, where the risks of non-payment are offset by an increased percentage.

This is very convenient for those whose official income is low. This option is also suitable for those who do not have income or it is impossible to officially confirm it.

On the security of the acquired property

This option is used for mortgage lending. The purchased apartment is accepted as collateral.

The buyer can use the mortgaged apartment at his own discretion.

But you can sell mortgaged housing only with the permission of the bank, in the event that this was originally prescribed in the contract.

Cash

Usually, loans are issued either in cash at the cash desk of a credit institution, or transferred to a client's card. The transfer takes about a day and this must be borne in mind.

consumer credit

Consumer loans secured by property are one of the most popular types of lending in our country.

Even rich people use it to acquire even more expensive property.

With bad credit history

Anyone can be in this situation. Money is urgently needed, and banks refuse one after another.

In this case, you can contact the microfinance organization. The loan will be issued, but for this you will have to pay several times more interest.

Mortgage

The most popular target loan in large credit organizations. Acquired housing or other property owned by the client is accepted as collateral.

Other property and property of third parties may also be accepted as collateral.

non-purpose loan

The good thing is that it does not require the client to confirm the intended use of funds, as for a mortgage loan.

Money can be invested in buying a new car, traveling, renovating an apartment, developing your business. Or you can invest in another bank at a higher interest rate.

Requirements for borrowers

Requirements for potential borrowers vary somewhat depending on where the client plans to take a loan.

Banks usually require proof of income and a positive credit history from their customers. In any case, the presence of a permanent source of income is welcome.

The rest of the requirements are the same:

• citizenship of Russia with a residence permit in the region where the loan is issued;
• if there is a temporary registration, a loan can be issued only for the period of registration;
• age from 21 to 60-70 years;
• documentary substantiation of the right to mortgaged property;
• availability of contact phones, as well as phones of relatives;
• adequacy, lack of bad habits (determined by the employee visually).

In lending secured by property, certain requirements are imposed on the subject of collateral.

He should not be under a burden or be bound by any obligations (already be pledged, arrested, and so on).

The vehicle must be in good condition and not older than a certain age. One of the main criteria is the liquidity of this type of collateral in the market.

Required documents

The list of documents may vary depending on the credit institution. The main documents that are required everywhere are a citizen's passport and ownership of the subject of pledge.

The right to own real estate is confirmed by a certificate of registration of ownership. Additionally, extracts from the house book, BTI and USRN may be required.

The right to own a vehicle is confirmed by a vehicle passport and a vehicle registration certificate. It must also be insured.

Insurance can be issued right at the time of registration of the pledge.

The right to own a valuable asset depends on the type of asset. This may be an extract from a Depo account, or a certificate of ownership of a gold bar.

For luxury goods, art and antiques, the owner must also have documents confirming their ownership.

Banks require borrowers to confirm income with a certificate of forms 2 - personal income tax, 3 - personal income tax, a certificate in the form of a bank.

What amount to expect?

For loans secured by property, there is only one criterion for the maximum amount - the estimated value of the collateral.

Typically, such loans are issued at the rate of a certain percentage of this cost, in the range of 50-90%.

For example, a client has an apartment worth 5 700 000 rubles. The appraiser gave her a price of 4,500,000 rubles.

A credit institution gives a maximum loan amount of 60% of the appraised value.

That is, 4 500 000 multiply by 60%, we get the maximum loan amount in 2 700 000 rubles.

Interest rates

Interest rates on secured loans vary greatly. Large banks provide such loans, ranging from 11-12% for mortgages, from 15-20% for consumer loans.

But here you need to clarify the presence of additional interest and commissions. These can significantly increase the amount of the payment.

Small credit organizations ask several times more for their services.

The simplified issuance procedure will have to be paid out of pocket with increased interest. For example, you can lay out up to 20% per month on auto deposit.

And for complete and up-to-date information about a loan secured by TCP, we recommend that you go to.

Timing

The terms depend on the type of collateral. Large amounts of money are issued on the security of real estate and the terms here are just as long, up to 20-30 years.

On the security of a car, you can take a loan from 3 days to 3 years. Some microfinance organizations usually give such a loan for 1 year, but offer to extend it if the client does not have time to repay everything on time.

Repayment methods

The loan is repaid according to the standard scheme by annuity (equal) payments. Monthly payment = (loan amount + calculated interest for the entire loan term): number of months in the loan term.

When concluding a loan agreement, specify whether early repayment is possible. What is the procedure and is it free.

For example, in Sberbank, early repayment requires an additional visit to the bank office and paperwork.

The repayment process itself is not difficult. Lots of ways:

• Internet banking on the official website;
• mobile applications;
• ATMs with the function of depositing money;
• terminals of various systems;
• translations;
• write-off from the account;
• transfer from wages (by agreement with the employer);
• at the cash desk of a credit institution.

It is worth noting that some repayment methods are paid and a commission of 0.5 to 7% is taken for them.

Check with your lending institution which options are available to you.

Insurance

This item is very important when applying for a loan. Firstly, it is the protection of the borrower and his family from problems in case of loss of income, health or life.

You can also take out property loss insurance. Secondly, if you refuse to apply for insurance, the credit institution increases the interest on the loan by 1-20% per annum.

Pros and cons

The positive aspects of a loan secured by property can be called:

• lack of proof of income;
• ease of obtaining;
• the opportunity to receive money and at the same time use collateral (except for a pawnshop).

Negative sides:

• many supporting documents;
• risk of loss of property;
• high interest rates;
• underestimation of the estimated value of the property;
• opportunity to run into scammers.