The problem of lack of funds, which is urgent for young people, has recently been solved very simply. Previously, many banks issued loans only when the borrower reaches the age of 25 years. This level is now lowered and credit funds can be obtained in 18 years. Currently, various banks offer a loan for young people, which is characterized by a not too high amount, but just buy a new phone or a stylish blouse. Banks usually offer a variety of programs such as credit card loans. Almost all credit cards are unified by one important asset – they have a grace period in which previously spent funds can be deposited on the card without interest overpayment. Also, almost all cards have very low annual prizes.
Youth credit card
Lenders Bank of Russia became the first financial institution to undertake to secure the financial future of our young people. It was he who first understood the benefits of this business, in addition, he had all the conditions for granting such loans. Who can get credit cards? Lenders Bank from Russia will be happy to provide its services to all citizens of the Russian Federation. But every program has its pros and cons. All necessary information regarding institutions such as Lenders Bank of Russia (credit cards, terms etc.) can be found on all kinds of information sources. And you can go to the nearest branch where the bank staff will answer all your questions. In principle, however, the conditions for obtaining a loan are the same in many institutions. And still pay attention to some nuances.
How to get credit cards?
For such a loan the age of the borrower must be between 18 and 30 years. In addition, it is a prerequisite for the provision of income certificates that confirm the client’s solvency. Therefore, it is not necessary for young people to have an official job, just go to the dean’s office and issue a scholarship certificate for the required period. This will ensure that the loans are returned to the bank.
The card is valid for three years, during which it can also be discarded or ordered a new one. In the event of early repayment of debts, the bank may raise its credit limit or reward the debtor in any other way. Such promotion can be Lenders Bank Russia’s gold credit card with a high limit and low interest, issued after the expiry of normal payment cards. The card limit does not exceed 200,000 dollars, but usually initially provide a loan of 3,000 dollars. It all depends on the size of the scholarship – for students – and the amount of income – per person over 24 years of age. The annual interest rate is 24% plus 750 dollars per service card per year. However, there is a positive point – the grace period (50 days).
We make credit cards
This kind of program is especially good when you have to pay in boutiques and supermarkets because no commission is charged for such calculation. When withdrawing bank loans from ATMs, a commission of 3% is usually accompanied. The Youth Loan is a great helper for ever-poor students and the bank is in any case interested, even if it is low. Therefore, even after Lenders Bank, a number of commercial banking structures also launched a series of credit cards intended exclusively for young people. Thanks to today’s diversity, young people no longer have a connection with Lenders Bank. They can choose the best option and order a card at your favorite financial institution.