What the credits are?
If you did not get lost in variety of credit products which offer the Russian banks today, then can quietly pass this material. But if to you independently to try to discover laziness in textbooks and on open spaces of the Internet of an explanation of special terms and descriptions of the exotic processes connected with crediting of the population, then we will try to make it for you.
On the purpose the loans granted to natural persons surely are divided into the following categories:
The credits for acquisition of real estate - here belong the credits for purchase and construction of the apartment, at home, of giving, garage. Separate banks grant the loans for purchase of rooms and the land plots.
The credits for acquisition of the car - here everything is clear. Some banks grant the loans for purchase of both new, and second-hand cars. Conditions in these two cases will be different.
Consumer loans - can refer all credits to this category, except listed. However many Russian banks detail this concept from where appear:
The credits for education - as a rule, it is the credit with the validity period equal to training term. Usually it is provided to students of higher educational institutions, in some cases - averages special.
The credits for acquisition of household appliances - very widespread type of loan differing in speed of registration and a minimum of necessary documents.
The credits for acquisition of yachts and boats - as if exotically it did not sound, but there are also such credit products. They are demanded, as a rule, in the cities having an outlet to the sea or located near a large reservoir.
The credits for urgent needs - such formulation is used when the client can independently choose the credit purpose (except for for what there are special products).
By the form providing the credits are subdivided on:
Provided with pledge - in this case the bank takes in pledge from the borrower or other person called by the Depositor, some property - real estate, the car, securities, precious metals and another. This procedure is made out by the special contract where property parameters, including the cost, the place of its stay, term of transfer to pledge and other essential conditions are fixed. In case of nonpayment of the credit pledge has to provide to bank an opportunity to pay damages - by its sale, leasing, etc.
Provided with the guarantee are the credits on which, besides the borrower, there are responsible also other persons or the organizations called by guarantors. While the borrower in due time pays the credit, guarantors can sleep peacefully. But as soon as the bank has doubts on the fact that the credit will be returned in time, he begins to glance quite definitely towards guarantors.
As a rule, at the considerable sums of the credits both types of providing are used. All banks willingly accept pledge as providing, the guarantee is exacting to reputation of the guarantor - mainly, the financial reputation means.
On a way of repayment can allocate the following types of loan:
The credits with single full repayment - usually it is carried out at the end of crediting term. The principal debt and percent on it is satisfied.
The credits with repayment with the differentiated payments - a vety case payment on the credit includes the fixed part received by division of an amount of debt for the term of crediting in months (if payment monthly) and variable part which decreases in process of repayment of a principal debt.
The credits with repayment with equal payments - in this case the amount of payment is invariable during all repayment period and includes calculated on a cunning formula which we will not give here, the sums of repayment of a principal debt and percent.
As charge of percent differ:
The credits with the fixed interest rate - it means that the rate does not change during all term of crediting.
The credits with a floating interest rate - in this case the rate depends on global macroeconomic indicators (how exactly, registers in the credit agreement) and can change in the course of repayment.