Bank Loans

Bank loans procedure for granting The following are the general steps for granting the loans, and general say, because these vary from bank to bank, depending on the country and also: General procedure for the granting of bank loans. To determine the destination of credit: This step is very important, because depending on the destination that you fence to give the money the bank will lend, then the procedure and the bank interest charged by money varies slightly. To determine the bank that you want to make the loan: this is important because it depending on the procedure to access to credit can be easier or not, you should consult several financial institutions to find out which is what gives you more security. Fill out the form: After selecting the bank that you wish to access to credit is important for correct application form or credit. This form must be filled with real data, but at the same time trying to prove their financial capacity to pay. Study Credit in all bank loans are always going to do a study of credit.

The study for bank loans is rigorous, and do right people, through pre-established procedure by the bank, the study of credit plays an important role in the following aspects: A. Monthly income of the applicant, duly certified, this is important because, although the application form for access to any of the bank loans available economic information is entered lush as they can in principle be assumed from the actual ability to pay the applicant, all this information should be supported and tested by those who make the study of credit. There are various ways to prove the amount of monthly income, these different forms vary according to their profession or trade, between these forms are: Certified public accountant or a job letter endorsed by the certificate of affiliation to social security. B. Expenditures of applicant, ie the amount of expenses for the applicant. Among the most common we have family, personal debts to third parties, bank debt – which always corroborate -. To determine the amount of household expenditure banks, tend to make a balance between the number of family members and socioeconomic status.

This is done because the applicant may use misinformation to make the granting of some bank loans. C. Assets of the applicant. It features the number of movable or immovable property owned by the applicant at the time of the request, they should attach to the form that any evidence that the applicant is indeed the owner of the property. Granting of credit, happens after achieving a satisfactory credit study. Withdrawal of money. After the granting of any of the loans, the person can go to get the money, at which time he again explained the nature, time and form of payment. This rigorous process makes the granting of bank loans is safe, but also a tedious practice for any merchant.

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