Is it possible to get a credit card with temporary registration?

Why borrower permanent registration details are needed

As is known, since 2004 in Russia, all banks and MFIs have been required to transfer data on loans and borrowers to the CHB. Credit card information with temporary registration is also displayed in the CHB, but it is necessary to clarify what permanent registration the borrower has in the CHB database.

The lack of permanent registration indicates that the borrower has property issues, and employment issues are also possible. However, if the borrower has a permanent job in another region of the country, they can get credit card application approval with temporary registration. Nevertheless, upon application approval, the bank takes into account the following:

1. What credit history the borrower has at their permanent registration address.
2. How long the credit card applicant has worked at the same place.
3. What the size of the applicant's regular income source is.
4. What information was provided to banks to obtain credit funds (bank-form certificate or 2-NDFL certificate).
5. What type of card is currently held – salary, pension, or other.
6. What registration mark is in the spouse's passport, if the latter are guarantors and co-borrowers.

Individual accounting parameters are presented for mortgage lending, affecting the credit institution's application approval result. Analyzing all available data, the bank makes a decision so that the borrower can take a credit card with temporary registration.

Special rules for getting credit cards with temporary residency

The credit institution accepts a borrower's application for a credit card with temporary registration. Priority will be given to those who have permanent residency and additional temporary stay under the Russian Ministry of Internal Affairs Migration Department form. Distinctive nuances of application review under this procedure:

• The bank increases the review time of the request up to 24-48 hours.
• It is necessary to have a permanent job at the temporary stay address for at least 3 months, unless otherwise provided by the terms of the credit institution's marketing program.
• Salary is confirmed using the 2-NDFL form.
• The bank sets an increased interest rate, but by no more than 3-5%.
• The bank has the right to request additional supporting information to approve the application.

Otherwise, all lending terms will not differ from general accepted rules. As additional supporting documentation requirements, the bank may request information on the ownership of a vehicle title (PTS), real estate, deposits in other banks, or other assets. The exact list of supporting document data can be obtained from your chosen bank.

Which banks work with borrowers having temporary registration

Today, several of Russia's largest credit institutions are presented where you can issue credit cards for pensioners with temporary registration or other categories of borrowers. Thus, the largest Russian bank represented by Sberbank conducts special marketing programs for individuals who have only temporary registration in one of the country's regions. This is due to the fact that the bank has an extensive branch network across the country, and thus applicant data can be verified.

General criteria for getting a credit card at Sberbank for this category of borrowers:

• Unsecured credit cards can be obtained in the amount of up to RUB 1.5 million, with an interest rate of 14.9% per annum.
• Having a guarantor increases the loan amount to RUB 3 million, with an interest rate of 13.9% per annum.
• You can get an education loan with state support terms.
• You can get a mortgage on the primary or secondary market.
• Visa credit cards with temporary registration are available for travel or shopping.

Other financial and credit institutions also positively consider the issues of borrowers who have temporary registration in one of the country's regions. Let's look at brief examples of how things stand to get a credit card with temporary registration at Sberbank, VTB, Russisch Standard, Citibank, Rosselkhozbank.

1. Sberbank. You can get a credit card for the entire duration of temporary registration in the region (that is, the credit card will be valid for the period while temporary stay registration is held). The credit limit is approved by the bank up to RUB 750,000. Interest rate up to 24% per annum. If you are applying for a mortgage, the applicant's temporary registration is also permitted.
2. VTB. Temporary registration is allowed only if an office or subdivision of the credit institution is located in your region. Registration must be for at least 6 months. The card can be issued with a limit of no more than RUB 300,000. The interest rate on the application starts from 25% per annum.
3. Russian Standard. There is no need for the borrower to have temporary or permanent stay. However, the interest rate will be charged starting from 36% per annum.
4. Citibank. You can get credit card approval with temporary registration for an amount up to RUB 300,000. Card maintenance is RUB 950, rate starting from 29.9% per annum.
5. Rosselkhozbank. The bank can consider the application only if the borrower has permanent or temporary registration in the region where the bank branch is located.

The list of credit institutions is endless. When applying, we recommend making sure to indicate the fact of temporary stay outside the place of permanent registration. However, do not forget to also indicate your place of permanent registration, as this simplifies the verification of information in the credit history bureau database.

General requirements for getting credit cards

Thus, having a temporary stay does not limit the right to obtain a credit card, but provides for individual conditions for reviewing the application. General requirements for obtaining credit cards in Russian banks:

• Russian citizenship.
• Having permanent or temporary registration, both in the region where the bank is located and without such requirements.
• Having official employment.
• Length of service at the last place of work is at least 3 months.
• Age at the time of application of at least 18 years, but not more than 65 years (each bank regulates the age limit independently, as well as the minimum age).
• Having information in the Credit History Bureau.
• Military ID, for borrowers under 27 years old.

Next, after the bank approves your application, you will be invited to visit the institution's office to receive the credit card. You must have with you a military ID (under 27 years old), a Russian citizen passport, a temporary stay slip according to the data of the migration department of the Ministry of Internal Affairs of the Russian Federation, a 2-NDFL certificate from the employer, and other information confirming your solvency. If the bank does not require a visit to the institution, the specified documents must be scanned and attached to the application form on the official website of the bank. If the bank does not have its own representative offices, the credit card is delivered by a courier service or through the Russian Post channel. Courier delivery takes up to 7 calendar days, and through Russian Post — up to 30 days. The card is issued at the office as it becomes ready — from instantly to 5 working days (Sberbank of Russia — up to 14 calendar days).