Bank loans

Bank loans

BANK LOANS

To give you a loan, banks need to understand your financial solvency. But it happens that a sudden you are denied credit, although you do not even doubt its viability. What is the reason? It turns out that this is not the only measure that is taken into account when drawing up a portrait of the borrower.

If you are filling out forms and provide documents you consider all the factors discussed in this article, you can greatly improve your chances of getting a loan.

Age - this is one of the most important criteria that influence the decision to grant a bank loan. If you are 25-45 years old, you think just by age group, which banks usually prefer to give out. In this age of supposedly paying customer does not cause problems.

With regard to marital status, the borrower is better to be married or single. A person who has a family and children, is unlikely to take out a loan, which will not be able to repay. Although, if the spouse does not work, and children in the family for more than two, then this situation will affect, most likely negatively on the decision to grant a loan.

Higher education is useful for the loan. From the standpoint of the bank's prestigious high school diploma with a demand on the labor market specialization can be a significant plus.

Banks are interested in your career, and employment history. If you frequently change jobs, you do not trust the bank vyzyvete. But even if you consistently work at one company, but do not aspire to a career, a bank may become a reason for refusal, as sleepy people are unlikely to restore its solvency in the event of job loss.

The main factor influencing the decision to grant credit, of course, are your profits. Help from your employer in the prescribed form to the bank gives a guarantee that you have a stable income. If you have additional sources of income, in any way try to confirm their availability and size.

No more than it would have in their real estate property, car or marketable securities.

If you have a positive credit history, which means you have successfully paid the previous loans, it is also a plus for you.

Each bank has its own system for evaluating the creditworthiness of potential borrowers, and the importance of these factors, it may be different. So do not despair, having been refused in one bank - to another bank, you can find just the borrower, which is to give credit.