Personal Crediting Of Legal Entities And Private Persons

Modern banks offer many options of banking products, and conditions of their obtaining are quite acceptable.

Banks subdivide clients on private and legal entities (companies, entities, and so forth). Difference of personal crediting of these categories is in the following: the private person is the most ordinary citizen of the state who applied to the bank for money for purchase of goods necessary for him. Formerly banks granted funds to such borrowers very reluctantly because such loans were not so big, therefore, made a small profit. Besides, the risk of the bank not to return invested funds increased in case of not loan repayment.

Now everything became much easier. Everyone may obtain a personal credit at the bank having confirmed the solvency. At that, the bank is able not to charge the accompanying fees from the client. Of course, those borrowers, who will bring the additional documents confirming the fixed income, valuable property existence or will bring the guarantor, receive more preferential credit terms, than those who obtains a loan having submitted just a passport.

Banks always worked willingly with legal entities as the profit on such cooperation is much higher. Rules such personal credit granting are more strict (accounting certificates of company’s income, tax declarations, and so forth), but when using a pledge, granting of a personal credit is resolved in a short period of time.

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