The need for cash (especially in cash) is not always associated with the purchase of expensive movable (for example, a car, a snowmobile) or real estate (land, apartment), for which banks are happy to issue:
- A loan to pay for a technical facility at a designated official dealership.
- A mortgage for the purchase of residential property.
At the same time, even with the possible use of the purchase as personal property (operating a car, living in an apartment), it remains the property of the bank. The situation is completely different when the so-called consumer cash loan is needed, and we can talk about rather large amounts at the same time:
- Payment for repairs in the apartment and education of children in a prestigious university.
- Travel to an expensive resort or sanatorium as directed by a doctor.
- Purchase home appliances and electronics or a used car at a bargain price.
Credit organizations are reluctant to issue such (without collateral) loans, require a large package of documents from the applicant for their registration and, most importantly, limit demand by a high interest rate, motivating their actions with high risks of possible non-refund.
Cash loan at a favorable rate
And still, anyone can get a cash consumer loan at a currently real favorable rate (though not yet in all credit institutions) (we are talking about individuals). For this, there is a fairly reliable tool - the provision of guarantors by the borrower:
- Having a quite respectable social position (permanent place of work, family, movable and immovable property).
- Proven as accurate and reliable bank clients (having a bank account, timely or early repaid loans).
- Somewhat related to the borrower (direct or indirect).
In this case, take a loan in cash
