Today, credit facilities are becoming more and more accessible to all segments of the population. As a financial instrument, the loan is successfully used in the corporate and private sectors. Banking institutions are expanding the range of loan products and simplifying the requirements for borrowers, thereby attracting new customers. At the same time, while remaining a profit-oriented commercial organization, the bank does not work to its detriment. For example, by pushing the age limit, he limits the term of the loan and increases its cost. Therefore, it is difficult to say how to get a loan at the age of 18 so that the transaction takes place and is beneficial for a young borrower. Banks have reason to believe that at such an early age, a person cannot consistently earn enough money on their own to fulfill loan obligations. Although some take a certain risk and make a positive decision about lending to eighteen-year-old borrowers.
The options under which the bank allows you to take out a loan at the age of 18
The younger generation attracts outside investments into their lives not only to buy a car and an apartment, but also to open or develop their own business. The purpose of the loan is discussed with the bank, in which the borrower applies to open a credit line. Each bank has its own requirements, but the generally accepted conditions remain:
The presence of a passport of a citizen of the Russian Federation with registration in the region of the bank's presence; A certificate of income from the place of work confirming solvency; In the case of a loan for entrepreneurship, a business plan that is accompanied by the risks described above, and even in large amounts, will need to be secured with collateral or surety for a long time.
Special attention should be paid to the business plan. The lender's financial analysts carefully study the calculations, assess the likelihood of assumptions and assumptions, verify the reliability of the costs included in the cost of products or services, as well as the project capitalization itself. Therefore, it may be easier and more effective for young people to immediately apply to business incubators, which are designed to promote the development of successful entrepreneurship and are likely to be lenient towards young people.
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