What do creditors pay attention to first of all:
Posted: Wed Feb 19, 2025 5:45 am
Therefore, it is important to take into account the key factors influencing the bank’s decision when considering an application.
Credit history
The credit history records all actions of the borrower in relation to any financial organizations - banks, microfinance organizations and even pawnshops. When you apply for a loan, use an installment plan or open a line on a credit card, bank employees transfer the relevant information to the credit history bureau. There are at least eight of the latter, the largest are NBKI, Equifax and OKB.
Credit bureaus receive all information about the relationship between a financial institution and a borrower: data on submitted applications, their approval or refusal to issue funds, the loan amount, compliance with the repayment schedule, etc. All this information is requested and analyzed by the bank - it is of decisive importance when making a decision.
Important: a good credit history means a measured iceland mobile database application for loans, their timely repayment and a low debt burden on current obligations.
Personal data
When applying for a loan, the client fills out a detailed questionnaire. This is not just a formality - the bank will check all the information provided in it.
Official income - priority is given to "white" salary under an employment contract. Banks also take into account the income of the self-employed, individual entrepreneurs and funds received under civil law contracts.
Work experience – in the eyes of the bank, the most stable clients are those who have worked in one place for a long time.
Marital status – can play both “for” and “against” the client. On the one hand, married clients are considered more trustworthy, on the other hand, they usually bear a greater financial burden.
Age – some banks consider clients aged 30-45 years to be the most stable and are less willing to issue loans to students and pensioners.
Profession – some positions are considered more respectable than others, but this is not a key factor.
The bank may also evaluate other personal data – region of residence, availability of additional income, age of children and other dependents, property owned, etc. The creditor will also definitely take into account the fact of bankruptcy proceedings, if any.
Credit history
The credit history records all actions of the borrower in relation to any financial organizations - banks, microfinance organizations and even pawnshops. When you apply for a loan, use an installment plan or open a line on a credit card, bank employees transfer the relevant information to the credit history bureau. There are at least eight of the latter, the largest are NBKI, Equifax and OKB.
Credit bureaus receive all information about the relationship between a financial institution and a borrower: data on submitted applications, their approval or refusal to issue funds, the loan amount, compliance with the repayment schedule, etc. All this information is requested and analyzed by the bank - it is of decisive importance when making a decision.
Important: a good credit history means a measured iceland mobile database application for loans, their timely repayment and a low debt burden on current obligations.
Personal data
When applying for a loan, the client fills out a detailed questionnaire. This is not just a formality - the bank will check all the information provided in it.
Official income - priority is given to "white" salary under an employment contract. Banks also take into account the income of the self-employed, individual entrepreneurs and funds received under civil law contracts.
Work experience – in the eyes of the bank, the most stable clients are those who have worked in one place for a long time.
Marital status – can play both “for” and “against” the client. On the one hand, married clients are considered more trustworthy, on the other hand, they usually bear a greater financial burden.
Age – some banks consider clients aged 30-45 years to be the most stable and are less willing to issue loans to students and pensioners.
Profession – some positions are considered more respectable than others, but this is not a key factor.
The bank may also evaluate other personal data – region of residence, availability of additional income, age of children and other dependents, property owned, etc. The creditor will also definitely take into account the fact of bankruptcy proceedings, if any.