Sooner
or later, every person is faced with the inevitability of repairs in
your home, and then for many a difficult question arises - where to get
the money? In fact, not many options - to save the amount required to borrow money from friends or go to the bank. Currently, many banks provide the public with a variety of lending services. The choice of the lending bank is totally dependent on the preference of the borrower. Those wishing to make repairs on credit can be given to two types of loans: the target or non-target consumer credit. Before you choose a particular type of loan needed to clarify for myself, what's the difference between them.
Untargeted consumer creditThis loan option is suitable persons start a repair in a standard apartment or small house. The average amount that the bank can allocate for such loan - 50 thousand rubles. The largest banks will provide up to 500 thousand rubles. The main advantage of misuse of consumer credit is the lack of accountability that would be needed to provide for the amount spent. Cash loans are issued with no collateral. Tangible disadvantages are high interest rates and short loan term.
Target consumer credit for repairsIn this case, the purpose of the loan in the contract the repairs. Funds are granted at a much lower rate for longer and in greater volumes than misusing credit. Credit agreement for Renovation implies that funds are spent only on those needs. Banks are required to provide records of the costs incurred.
In this connection, it is necessary to carefully collect all the documentation of the goods and services related to the repair. If necessary, the loan large sums of money, the borrower has to pledge any property that is in his possession. However, he has additional costs associated with the compulsory insurance of real estate, the additional services of the bank and the notary. If the borrower is going to do to repair the global credit involving official service company, the target loan for repairs - a profitable solution.
To obtain the target credit repair, most banks make similar demands. Set of documents, in general, also the same. Borrower will need: • a Russian passport; • Driver's license (or other identification document); • Verification of income for the last six months (for example, 2-PIT); • A certified copy of the employment contract, employment history or the contract (for the military) ; • Proof of ownership of the property; • Insurance documents, etc.
Untargeted consumer creditThis loan option is suitable persons start a repair in a standard apartment or small house. The average amount that the bank can allocate for such loan - 50 thousand rubles. The largest banks will provide up to 500 thousand rubles. The main advantage of misuse of consumer credit is the lack of accountability that would be needed to provide for the amount spent. Cash loans are issued with no collateral. Tangible disadvantages are high interest rates and short loan term.
Target consumer credit for repairsIn this case, the purpose of the loan in the contract the repairs. Funds are granted at a much lower rate for longer and in greater volumes than misusing credit. Credit agreement for Renovation implies that funds are spent only on those needs. Banks are required to provide records of the costs incurred.
In this connection, it is necessary to carefully collect all the documentation of the goods and services related to the repair. If necessary, the loan large sums of money, the borrower has to pledge any property that is in his possession. However, he has additional costs associated with the compulsory insurance of real estate, the additional services of the bank and the notary. If the borrower is going to do to repair the global credit involving official service company, the target loan for repairs - a profitable solution.
To obtain the target credit repair, most banks make similar demands. Set of documents, in general, also the same. Borrower will need: • a Russian passport; • Driver's license (or other identification document); • Verification of income for the last six months (for example, 2-PIT); • A certified copy of the employment contract, employment history or the contract (for the military) ; • Proof of ownership of the property; • Insurance documents, etc.
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