Not being on a list of defaulters. No bank will provide us with access to credit if our name appears on a list of defaulters, regardless of why we are included. The most used are Financial credit institution and RAI. However, there are financial companies that trade fast loans with Financial credit institution, such as Best bank level. In the risk analysis departments of the main financial institutions, account is taken of the previous indebtedness of the person or company to whom financing is to be provided. The amount requested cannot exceed 40% of the income.
Job stability by filing the employment contract
One of the most important conditions is job stability by filing the employment contract. In some cases, the banks also check that there has been no work stoppage in recent years, either due to dismissal or voluntary resignation. And they can even check the solvency and liquidity of the company and the evolution of the sector in which they are located. All this means that people like immigrants cannot access personal payday loans under the same conditions due to their job instability.
Solvency and saving capacity
Banks will also review that we do not overspend and what our savings capacity is. The vital trajectory of our finances will be very important and will therefore play a decisive role. The first thing to check will be that the applicant does not have loans requested by other means or by other banks. For this, the entity usually requests the last three payrolls and income statements is a very common practice.
Trust before the client
It is an argument that increasingly loses more weight. The seniority of the client in the entity, although a good relationship with the bank and an impeccable track record can put fewer obstacles when granting financing.
Purpose – the reason why we do it
When we request a loan from the bank, we will have to explain the reason why we do it, as opposed to other entities that make “large” amounts of money available without asking for an explanation (fast credit entities) and have high interests.