It’s not a secret for anyone that banks, when issuing loans, expect to get a big profit in the end. In the event that loans are issued on preferential terms, the bank will lose it. So it turns out that it is completely unprofitable for credit institutions to lend to those categories of citizens who should receive benefits.
In addition, the bank wants to hedge against the possible risk of non-payment of a loan and minimize it. In this regard, if the borrower provides the bank with a pledge or surety that will be able to pay the debt in the absence of such an opportunity from the borrower, the bank may agree to issue the loan on preferential terms. In the opposite case, if the borrower cannot guarantee a full repayment of the debt with all the current VA interest rate, then the bank will most likely not take such a big risk.
Almost all war veterans have disabilities. And to not quite healthy people the banks have their own, not very positive attitude. Banks almost always refuse to issue loans to people who are disabled. Legislation does not provide for this provision, but banks do not want to make loans to veterans.
For a long time it was decided whether it would be worthwhile to class veterans in the category of citizens who receive privileges in obtaining loans. Still, it was legalized the decision that veterans of military operations should be granted privileges when drawing up a loan. They are expressed in reduced current VA interest rate, if the borrower wants to take out a loan for the construction or purchase of housing, arrangement of the adjacent territory or the creation of a farm and so on.
The scheme for issuing such a loan is as follows: the bank issues a loan to the borrower, and the state provides benefits, repaying part of the loan payments. So the benefits are provided not by the bank, but by the state or private organizations that offer support and assistance to war veterans. Therefore, benefits should be calculated only from these sources.
To date, banks simply refuse to issue loans to veterans of military operations immediately after receiving their applications. Employees of the bank do not even report the reasons for the refusal. It is unfortunate that such an unfair situation has developed. After all, veterans served, fought in the name of peace and only thanks to them this bank is now flourishing and quietly working. But for some reason the bank does not want to help these people, thank them and offer preferential credit programs.