Refusal of a loan before signing an agreement

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At this stage, no one owes anything to anyone. If the bank has approved the application, but the client has changed his mind, he can inform about his decision, or he may not do so. The credit institution has no right to apply any sanctions.

However, such a refusal may negatively affect the relationship with the bank in the future. And it is impossible to predict the reaction: the organization may put the client on an internal blacklist, or it may "forgive" by approving the loan again.

In order to give your relationship with the bank a chance, it is better not to ignore the organization's employees, but to inform them of the refusal by phone, indicating a valid reason.

This is what a man did who found himself in an unpleasant costa rica whatsapp phone number situation. He worked as a manager and took out a loan of 300 thousand at 19.5% per annum to go on a short vacation with his family. The client received approval for the application.

However, the next day, his close relative got into an accident and ended up in hospital. The man decided not to fly away, but to stay in Russia to take care of the victim. Consequently, the loan was no longer relevant.

The client called the bank and explained the situation, as he planned to contact this bank in the future. A year later, his loan was re-approved without any problems.



Is it possible to refuse a loan after signing the contract?
The borrower can refuse the loan even after signing the agreement. Yes, this is not the most pleasant and simple procedure, but it must be completed.

How to proceed :

Submit an application to the bank to refuse a consumer loan within 14 days of receiving it. Receive a positive response.
Transfer credit money, having first found out how this should be done (in cash or online).
You may be required to pay interest for using the credit funds. The bank has the right to do so.