A decent official income, a stable job and a good position do not guarantee the issuance of a loan. Even responsible borrowers are not insured against rejection, and it is difficult to understand the reasons for this reluctance. Banks have the right not to disclose why this or that candidate did not suit the lender. Unsuccessful borrower remains to guess about the reasons that led the bank to refuse.
The times of easy loans are over. The debt load and lack of stability in earnings only complicate the coordination of new loans. In the banking sector, there are also problems associated primarily with liquidity. Lenders do not have enough free sums to provide financing for everyone. As a result, it became difficult to get a loan, and the programs themselves contain a lot of limiting parameters.
First failures – scoring results
The difficult situation forces banks to take increased security measures, taking care of the safe return of the loan amount along with interest.
Candidate verification takes place in two stages:
- Scoring test analyzing the parameters of the borrower on the basis of credit history and personal information.
- Interview with a representative of the bank authorized to analyze the position of a potential borrower and its reliability.
In the scoring test, a scoring scheme is applied, and each parameter is evaluated by points. High points give a chance to agree on a credit line if the client has the following characteristics:
- the presence of legal relations;
- belonging to the female sex;
- age 25-35 years;
- no more than 1 dependent is raised in the family;
- permanent registration in the apartment owned by the borrower;
- positive experience in the past;
- availability of employment with official earnings above average.
By evaluating each indicator, the system determines the number of points, based on which it is concluded whether it is possible to give a loan. At the second stage, representatives of the bank are connected to find out (from communication with the client and his family) the reliability and safety of upcoming cooperation. Only those who have successfully passed the CI check are allowed to the second stage of verification.
Doomed to failure
For refusal of crediting it is enough not to meet one of the lender’s requirements. For example, the inconsistency of age will be sufficient to reject a person’s application. It is impossible to get a loan to persons under the age of 18, and in the period from 18 to 21 the probability of processing is extremely low. The lack of official employment and certificates from the accounting department is a serious reason to consider the borrower unreliable. Consider the whole range of parameters that sets the bank for a prosperous borrower.
What else prevents banks
When the scoring results are successful, it is the turn of communication with a representative of the bank. Despite the widespread opinion about the ease of processing a loan, many clients are rejected at this stage. If the scoring is assessed by objective parameters and often digitized, then at the second stage it is difficult to predict the results. The reasons for the rejection of the borrower’s candidacy may affect various spheres of life and are not always objective.
Having a negative experience of working with banks, it is easy to get a “black mark” if the name is on the list of unwanted customers. Such a list includes citizens who were brought to justice in criminal cases, as well as those whose biography contains unpleasant facts. It is easy to get a “black mark” if in the past there were litigations with creditors or the bank became aware of other facts of unfair behavior.
Exorbitant appetites of the borrower
Financial illiteracy and irresponsibility of a person force the bank to analyze the validity of requests independently. Having several outstanding liabilities and problems with timely payments, it would be illogical to expect the bank to happily agree to issue a new amount to the customer.
When submitting an application, it is important to correctly evaluate your payment ability, taking into account the monthly payments available.
Suspicions will cause and requests to provide an amount of up to 5-10 thousand rubles, when the earnings declared by the client, exceeds 50 thousand rubles. Too small amounts are unprofitable to issue, as the total profit of the bank is minimal.
More often, a client asks for a loan that is not commensurate with the salary received. If all payments in aggregate have exceeded 60% of the labor income, there is no chance of financing.