Are you going to borrow some money from the bank, but it refused you faster than you expected? Although at first glance it may seem that getting a loan is getting easier, the fact is the opposite, the conditions for granting loans have become stricter. The lending company will tell you how to get money and where to find the loan with the highest percentage of approvals.
Basic conditions for obtaining a loan in a bank
All banks have very similar conditions and each client must meet certain criteria in order to receive the loan. Of course there is a minimum age of 18 years. You will need to prove that you have a steady income in the form of a bank statement for the last 3 months or via payroll.
Self-employed persons must submit a tax return. If you are only employed for a limited period, it is likely that you will not receive the loan. The problem also arises when you’re in the trial period. People are also in difficulty asking for a larger sum, but their cost of living is too high.
Basic conditions for earning a non-bank loan
It is common knowledge that the chance of approving a loan outside the bank is not as difficult as with banking institutions. You will need a mobile phone, internet connection, email, valid ID and bank account for your online non-bank loan. Previously, you may have been accustomed to not having to submit any income, but that is the past in 2019.
Loan with the highest percentage of approval, will it loan me when I’m in the registry?
The client’s bad payment history is often a stumbling block. What we are going to talk about is just to forget to pay the phone bill and the problem is in the world. Do I get a loan when I’m in the registry? Simply put, you are definitely reducing the chance of getting a loan, but it does not automatically reject your application. Do you want to increase the probability of success?
Where I have the best chance of lending me
You have the best prospects for short-term loans outside the bank whose value does not exceed USD 20,000. Of course, your income and expenses also play a role.