For physical persons many banks offer different categories of credit: consumer credit, the express credit, the car credit and mortgage. Also the bank structure gives for the borrowers plastic credit cards MasterCard and Visa.
Citizens who aren’t younger 21 years can arrange credit cards and those who aren’t more senior 60 years can arrange the credit too, and also have constant registration in region of presence of bank branch. During time work uninterrupted length of service should be not less than 1 year. The mandatory condition at credit card reception is availability of negative credit history.
The potential borrower for reception of credit card should fill with the data the questionnaire and give to bank structure a packet of documents which consists of the id data, the inquiry form, account statements, the reference (free form) and a copy of one more document confirming the person id.
Credit cards give the borrower possibility to obtain the credit, at the rate to 300 % of the monthly income, but it is no more 10 thousand dollars or an equivalent of this sum in other currencies. Term, on which the loan is granted, constitutes 2 years, for diligent borrowers automatic prolongation is possible.
The borrower can prefer one of three kinds of credit cards:
* the card which gives a grace period of payment of percent;
* the payment card providing the permitted overdraft;
* the filled up card which gives a grace period of payment of percent.
On a credit card with a grace period of payment of percent, the client is obliged to pay indebtedness for the last month with 1 on 20 number of next month. At timely payment the bank doesn’t take a payment for using the credit from the client. The client has possibility till 50 days to use proceeds of credit on favourable terms. To pay a credit amount on the credit card giving the permitted overdraft, the borrower is obliged not later than 20 numbers of next month (in the sum which constitutes not less than 10 % from a credit body and also obligatory percent for payment under the credit).
Card holders with a grace period of payment of percent (renewed) also within 50 days can use bank money funds on enough favourable soft terms. However in this case (at debt settlement) the credit limit constantly renews. It means that the client cannot pay completely a credit amount again to use a credit limit. The bank structure brings money funds on account of repayment of credit indebtedness at receipt of money funds into the account; the borrower doesn’t need to wait for the caused date of write-off.
Can you remember those good times when practically anybody could take a loan if one required money? And just imagine the condition of those who must bear that load nowadays when the world economy is facing tough times. And for those people having loans the issue of credit monitoring is as crucial now as never before. It is not only about credit control, this also helps save money, time, and nerves and be quick in solving loan related problems. Those who are searching for a spot where to learn about credit monitoring, are welcomed to check out this credit report monitoring site – there is lots of information about credit monitoring and how to order that service.
Also we haven’t forget about possibilities provided to us by digital technologies. The Web network gives a truly unique chance to learn what we require or to obtain anything on the best terms which are available on the market.Credit, credit monitoring, credit report, Loan