Not every bank is able to agree to issue a loan to a person under the age of 18. This is due to the fact that mostly people at this age do not have a regular income. However, many people want to get a loan from the age of 18 without refusal. We will find out further which banks are ready to offer favorable credit conditions for a client at the age of 18.
Peculiarities of issuing loans to eighteen-year-olds
Basically, a loan from the age of 18 is issued at an increased interest rate and not at a high amount. Banks may request a certificate of income, but there is an option to obtain a loan without it. Loan terms may vary. The bank may require the involvement of guarantors or a loan secured by real estate. It is advisable to provide the maximum of documents that are available: passport, student card, SNILS, driver's license. If an eighteen-year-old student has a permanent job, then the chances of getting a loan increase.
Why can a bank refuse to provide a loan?
There are a lot of reasons for refusing a loan. One of the main ones is the low level of monthly income or the complete absence of work. Also, the reasons for refusal include a bad credit history and the presence of active loans in other banks.
You can increase the chance of obtaining a loan in different ways. For example, you can apply to several banking organizations at once. You should not take a large amount at once. You need to prove yourself as a reliable payer. You can get guarantors. Then the chances really increase.
How to apply for a loan?
The application is submitted online. To do this, you need to go to the official website of the desired bank and fill out a questionnaire. It is important to provide valid personal information. On the Bankiros website, you can use the online selection of a bank for obtaining a loan at the age of 18. The list of banks is quite diverse. Each offers its own conditions. From the list of organizations presented, you can choose the most suitable offer. It is possible to get acquainted with the terms of the loan online. First of all, you need to pay attention to the terms of the loan, the amount and the interest rate. If the conditions are loyal, you can proceed to the registration of the application.
Basically, banks respond quickly enough to applications. In most cases, they make a favorable decision on the loan. For more information, you can refer to the website.
