Why do banks refuse?

The bank has the right to refuse a loan without giving a reason. This condition is usually specified in the loan application (offer). Based on the results of the borrower’s assessment, the bank can provide a small amount of credit. Next, let’s find out which banks offer loans to the unemployed.Low income. Each bank evaluates it differently. Bad credit history (for example: overdue debt more than 29 days old). Providing incorrect and/or incorrect data about iran whatsapp number data yourself in the survey. Be careful when filling it.The borrower is unemployed.ack of official confirmation of current income (2 personal income tax, bank certificate).The length of service at the last workplace is not less than 6 months, and the total is less than one year.

Change jobs often

The workplace belongs to the category of increased danger to the borrower’s life (refusal often comes to ordinary employees of the Ministry of Emergency Situations, the Ministry of Internal Affairs, the Ministry of Defense, etc.

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The borrower’s profession is not in demand in the labor market.  Age of the borrower. Banks prefer to give loans to middle-aged people aged 25-50. Also, financial institutions try to ensure that the final repayment period of the given loan comes before the retirement age of the borrower.

What are the reasons for rejection

Lack of higher education. This is not the main factor in rejection, but a number of banks consider its presence as confirmation of a certain social and material level. Lack of landline phone at home.Non-working spouse and three or more young children. A close relative of the borrower has a bad credit history.Absence of a military ID card or a registration other methods to calculate the advertising budget certificate with a sign of postponement of military service for men.Absence of any property (cottage, apartment, plot of land, car).Registered in a region where a partner bank or collection agency does not operate. In case of non-payment or late payment, it will be difficult for the bank to find such a person. Insecurity. The potential borrower has previously been brought to criminal responsibility and has a criminal record. Regular non-payment of fines, alimony, etc.

What can affect the bank’s decision?

High level of debt burden. For example, a potential borrower already has several loans. Or the total limits of credit cards will be large, regardless of whether the borrower spends them in full or not. After all, many banks rely on the fact that all credit card limits can be used by the borrower at once. Banks often refuse to provide microcredit to people deb directory with high incomes.Very frequent applications for loans or sending many applications to different banks. Regular Early Redemption.These factors can affect the negative decision of the bank during the granting of credit, both individually and collectively. For example, the borrower has a positive credit history and the income level meets the bank’s requirements, but the borrower has a high debt burden: has credit cards or an outstanding loan.

Important

The swap currency determines the price index used to calculate the inflation rate. For example, swaps denominated in US dollars are based on the Consumer Price Index (CPI), which is an inflation measure that measures price changes for a basket of goods and services in the United States. Pound swaps are usually based on the UK Retail Price Index (RPI). Like any debt contract, zero-inflation coupon swaps are subject to the risk of default by either party due to temporary liquidity problems or structural problems such as bankruptcy. To mitigate this risk, the parties may agree to post collateral for the amount payable. Other financial instruments that can be used to hedge inflation risk include actual inflation swaps, price index swaps, Treasury inflation-protected securities (TIPS), municipal and corporate inflation-linked securities, inflation-linked certificates of deposit, and inflation-linked bonds.

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