Prerequisite credit – instant loan online
The direct banks usually offer a fast loan on the Internet. This can be remedied by a personal loan from a bank or a financial service provider. However, depending on the amount, certain conditions generally have to be fulfilled or evidence has to be provided to obtain such a loan. The criteria and guidelines for lending in Switzerland: The lenders are usually credit institutions whose legal capacity has been proven by entry in the commercial register. A summay is on confusers.cz
Requirements for microcredit
Although a small loan is a relatively small amount of money, the National Bank establishes certain conditions for granting a loan. In principle, every person wishing to take out a loan from a renowned house bank in the Federal Republic must be of age and be resident in the Federal Republic. In addition, a German bank account is required by most financial institutions for the proper settlement of a small loan.
A precondition for granting a small loan in the Federal Republic is also that the client no longer works on a probationary basis and, if possible, has a fixed-term employment contract. Thus, the house bank wants to ensure that the bank customer also receives a regular fee during the entire repayment phase and can pay his monthly installments to the house bank.
The potential buyer must present the sum of his earnings together with the loan application. Proof of income varies from house to house and depends on the job of the applicant: For workers and employees it is usually enough to show the house bank several pay slips as proof of a regular income.
Parallel to the application for a microcredit, the house bank inquires of an information agency such as the Vibank on the solvency of the consumer. For negative entries or an incorrect credit bureau score in the credit bureau file, the loan application is most likely rejected. Even when granting microloans, credit institutions demand that the borrower act on their own.
In this way, the financial institution wants to avoid the transfer of the borrowed money to a third party who may not be able to borrow and who can not pay off the loan volume.
And who gets a loan and who does not?
And who gets a loan and who does not? Before the loan is granted by the bank, the creditworthiness of the borrower must be checked. The review is based on the loan application and the internal institutional requirements. In order to assess whether and to what extent a possible loan installment is to be borne, institutions require information on monthly revenues and existing commitments.
Recurring monthly costs such as rent, utilities and livelihoods must also be included. From this information, a budget account is created, which allows the comparison of income and expenditure. Livelihood costs may vary from client to client, which is why the Bank often uses lump sums of $ 450-650 for the first and $ 50-250 for each additional household person.
After deduction of all monthly costs and living expenses, funds must now be deducted from the income in order to pay the loan rate. The larger the budget surplus, the more substantiated the borrower is assessed by his or her house bank and the faster a loan can be applied for. The loan approval reviews show that a loan can only be granted if a corresponding monthly fee is available.
A prerequisite for revenue recognition is that it involves regular and recurring revenues. Proof of income is required in any case through pay slips, pay slips or pension notices. Most credit institutions also do not consider pay as income because it is also paid only for a limited period of time. After this period, those affected will only receive the ALGII as a basic benefit that can not be used to repay the loan.
Income of the self-employed and freelancers can also be included in the granting of loans. However, some banks do not disclose such a result until they have been self-employed for more than three years. The income of the self-employed and the self-employed can be verified by means of balance sheets, company analyzes or tax assessments. In the case of a positive revenue and expenditure account, the banks also request information from the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, credit bureau) on credit checks.
If this is the case, loans can be granted. However, if, due to the credit bureau data, negative features already terminated, such as a loan that has already been terminated, are identifiable, this is a knock-out feature, so that a loan application is usually rejected.