Getting Loan From Bank
Getting Loan From Bank – Each regulation contains stop factors that can devalue even an ideal profile. Bad credit history can be corrected with the help of registration and timely repayment of a microloan, for example, in an E loan. Read below for information on how to increase your chances of loan approval and what are the reasons for refusal.
The funding decision is made based on:
- conclusions of the security service.
- total score for scoring.
- the institution’s credit policy.
- the views of the risk manager.
What factors increase the chances of the application being approved
Before making a verdict, experts are looking for an answer to two key questions:
- Will the borrower be able to handle the monthly payments within the term of the agreement?
- How responsibly does the client treat their obligations?
For banks, the portrait of an attractive job seeker looks like this:
- citizen of the Russian Federation.
- age from 24 to 55 years.
- being in the last job from 6 months with a total work experience of two years.
- positive credit history.
- monthly income at least three times the periodic payment.
- acceptable financial burden for other obligations.
The final decision on the loan always remains with the bank employees: SB and financial analyst.
What factors negatively affect the approval of the application
Common reasons for rejection are listed below:
- negative credit history, especially the existing delays on the last loan, as well as the presence of current violations will lead to refusal in 99% of cases.
- knowingly providing false information.
- debt load.
- low income in relation to the requested amount.
- debts to the FSSP.
- lack of permanent work and other sources of income.
The absolute stop factor is convictions for fraud and other serious charges.
How to increase your chances of approval
How to get a loan on favorable terms? To convince the bank of its solvency and reliability, you should act progressively, adhering to the advice of experts.
- Check your credit history. This can be done free of charge 2 times a year. On the “Gosuslugi” portal, in the “finance” section, get a list of BCHs, then register on the bureau’s websites and order reports. Study the offers of banks in which financing is possible in the current situation. As a rule, they are available on the BCI websites.
- If the salary comes to a bank card, contact the organization that issued the plastic. Participants of salary projects are more likely to approve financing.
- If there is additional income – indicate the amounts and sources.
- For a phone or face-to-face interview, keep the conversation calm, polite, and answer honestly when asked. If there were delays in the past, formulate in advance an adequate answer about the causes of violations.
- Most Russian banks ask for the contact details of at least one close person. Give the phone number of a reliable person who will answer the call and confirm your personal information.
- In case of negative CI and the impossibility of proving income, the bank will give a chance with a liquid collateral or a surety of a reliable and solvent guarantor.
Investment: what it is and how to use it
An investment is an investment of financial capital in objects in order to further profit from this. They can take different shapes. In any case, before you invest somewhere capital, you need to carefully analyze everything.
Types of investments
There are many classifications of investments according to various characteristics and criteria.
- direct investment . This is the purchase of materials, equipment and other things for production.
- portfolio investments . They concern the purchase of securities, which then form an investment portfolio. In the future, the owner of the securities will be able to influence decision-making in the company.
- real. This group includes all funds that are allocated for material production.
- non-financial. In this case, there may be patents, a brand.
- intellectual. These are various inventions, know-how, patents.
Depending on the ownership of capital, investments are:
- private. This is the property of individuals and legal entities.
- foreign investment . These are capitals from foreign business entities.
- state. In this case, they belong to the state. This can be the property of funds, state enterprises, banks (for example, Sberbank investments );
- mixed. In this case, several options are combined at the same time.