Krympress reports:
Loans for TCP — This is one of the ways to receive funds in which the owner remains with the owner, and only a vehicle passport (TCP) is transferred as a deposit. This is a convenient financial service, especially for those who urgently need money, but who does not want to part with the car. In recent years, this form of lending has become a popular alternative to bank loans and microfinance offers, due to its accessibility and minimal requirements for the borrower.
What is a loan for TCP and how it works
A loan for TCP is a type of auto -base, in which a vehicle is used as a deposit, but not the car itself is transferred, but only its passport. This means that:
- The borrower continues to use his car;
- The car becomes the subject of the pledge, which allows you to reduce the risks for the creditor;
- TCP is temporarily transferred to a credit institution as a guarantee of a refund.
The registration procedure usually takes 1 day. Assessment of a car, verification of documents, signing a contract and transferring TCP — all this goes quickly and often without checking a credit history.
Advantages of loans for TCP over other types of lending
Compare loans for TCP with other types of loan — bank loans, microloans, auto -zalogas with the transfer of the vehicle.
The owner remains the owner
This is a key difference from the classic auto -zero. You continue to use the car without losing mobility.
The minimum package of documents
Usually enough:
- passport of a citizen of the Russian Federation;
- TCP for a car;
- Car registration certificates.
Sometimes they require an insurance policy or a second identity document.
Fast design
Most MFIs and pawnshops give out money within 1-2 hours after applying.
Low credit history claims
Even with bad credit history, you can count on approval — unlike banks.
The possibility of early repayment
Many creditors allow you to return the amount ahead of schedule without fines and commissions.
When a loan under the TCP can be especially useful
In case of urgent need
For example:
- unexpected breakdown of technology;
- treatment;
- Urgent business payments.
Loans under the TCP often become a “financial pillow” in crisis situations.
For entrepreneurs
Small business often faces cash grooves. When there is not enough working capital, such a loan can solve the problem as soon as possible.
In case of banks refusal
If you have a damaged credit history or not official income, banks may refuse. A loan under the TCP is a more loyal alternative.
For temporary liquidity
In cases where there is an asset (car), but there is no “live” cash, the loan under the TCP helps to “free” money without selling a car.
Conditions for the provision of a loan
Conditions may differ depending on the organization, but on average they are as follows:
| Parameter | Average value |
|---|---|
| Loan amount | 30,000 — 3,000,000 rubles. |
| Loan term | from 1 month to 3 years |
| Interest rate | from 2% to 10% per month |
| Requirements for cars | Age up to 10-15 years, good condition |
| Place of registration | Often not necessary |
Cons and pitfalls
Despite convenience, a loan under the TCP has its drawbacks.
High interest rates
Compared to bank loans, the rate can be several times higher.
Risk of car loss
If the borrower does not fulfill the terms of the contract, the creditor has the right to pay a collection for the pledge — that is, sell a car.
Imposed services
Some MFIs include mandatory insurance, paid services of a lawyer, etc., increasing the total cost of a loan.
Unscrupulous creditors
There is a risk of getting to scammers or “black creditors” working without a license and in violation of the law.
How to choose a reliable company
Here are some tips:
- Check the license — conscientious MFIs should be registered in the register of the Central Bank of the Russian Federation.
- Read the contract — Pay attention to the effective interest rate, fines, and commission.
- Compare the sentences — Dozens of companies work on the market, rates and conditions are different.
- Study reviews — The opinions of customers on independent resources will help to make up the opinion of the company.
- Look at the transparency of the conditions — If the manager does not give clear answers, this is a reason to get warmer.
When you should not make a loan for TCP
There are situations in which it is better to refrain from this type of lending:
To buy consumer goods
Putting a car for a phone or household appliances is too risky.
If there is no confidence in income
If there is no stable source of income, delay is possible, which means that the risk of losing the car.
In the presence of other, less costly options
Sometimes it is better to use a credit card, take from relatives or arrange an installment plan.
If the contract has dubious conditions
Do not sign the documents without reading. Even a small font may contain key nuances: fines, commissions, the right to early recovery.
Alternative: a loan secured by a car
Another option — Bail loan bailin which the car itself is transferred to the creditor until the debt is fully repaid. This can be beneficial with a larger loan amount and the desire to get a lower percentage. But at the same time, you lose the right to use the machine during the contract. Such schemes are suitable if you do not need a car at the moment or if you want to take a large amount for a long time.
Pros and cons of loans for TCP: Summary table
| Pros | Cons |
|---|---|
| The car remains with the owner | High interest rate |
| Fast design | A car loss is possible for non -payment |
| Minimum requirements | The risk of unscrupulous creditors |
| Available with bad ki | Cracks are often imposed |
| Flexible conditions of early repayment |
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