In order to survive almost everyday life in expensive living conditions, credit withdrawal is required. There are of course the conditions you need to carry in order to get credit. Banks do not provide credit outflows without guaranteeing in any way. So, who can apply for a loan?
Conditions To Be Carried To Take A Loan
In order to request credit, you must have a fixed income and a job to payroll. Payroll is a proof of your salary here. If you cannot document that you have a salary and a permanent job, you cannot get a loan.
The list of movable and immovable items on you is also very important. If you prefer the bank from which you receive a salary to take credit, this means starting one step ahead for you. Even if there is a problem in payments, the bank will not doubt whether it will be charged over your salary.
Banks Pay Attention When Taking Credits
When requesting a loan, the bank will surely check your historical payment scheme. It is important whether or not you have taken credit before. If you haven’t, the usage status and payment table of your credit card is created. It is also very difficult to get credit if you have received a delay or red line in payments.
In this case, you will most likely get the answer “rejection”. However, if your credit card payment scheme is healthy, there is also the possibility of taking small amounts of credit if your salary is low.
Guarantor Status in Loan
When taking a loan, the bank will definitely ask for a guarantee from you. If you have an immovable property, you can request a loan by showing a mortgage. If you do not have any real estate on you, a guarantor is requested. The guarantor is the guarantee you offer to the bank.
If you do not pay your debt, it will be collected from the guarantor. For this reason, usually the guarantor’s payroll job or the condition of retirement is sought. Being a guarantor for a retired person means the bank guarantees itself and regular payment.
If the Guarantor does not pay the debt, what will be the result?
Your guarantor is the one who stands behind your word. When your debt is not paid, the surety is collected. In rare cases, the surety can also avoid payment. In such a case, first-degree relatives of the guarantor are at least as responsible as the guarantor.
If the retired person became a guarantor or in case of any death, the guarantor’s obligation to pay has fallen and the spouse, children and siblings, who are first-degree relatives, are held responsible first. In this case, only the relatives of the guarantor can only get rid of the debt burden when he denies the rejection.
How Much Loan Can Be Requested?
In order to request a loan, your salary and, if any, another additional income will be taken into account. The return of your spouse or those who contribute to the household income is definitely questioned. But the primary factor is your salary since you apply for the loan. The reason you request credit is also important. If you are applying for housing, vehicles, needs or real estate, the result changes in the loan withdrawal. If it is for housing, the house you want to buy is evaluated by expertiz.
As a result of the expert’s value, you can use it either for the whole house or with a credit of one third. Necessary loan, on the other hand, can take out a loan by paying one-third of your salary depending on the number of installments. Since there is an evaluation of immovable property, there is no direct credit approval.
The calculations are made by the banks based on your payment power. Whether you have credit or payments to another bank is among the determining reasons. After your credit is issued, you are asked for some documents. Afterwards, credit files are signed and the fee is deposited to you after necessary file cuts are made. For this reason, you should determine your loan withdrawal amount considering the deductions.