Each bank has its own method of checking borrowers. The thoroughness of the analysis of the information provided by the borrower largely depends on the type and amount of the loan.
It is necessary
- - application form for a loan;
- - a package of documents for granting a loan.
Instructions
Step 1
In express lending or consumer lending, banks, as a rule, use automatic borrower analysis systems, which are called scoring programs. This type of loans usually differs in small amounts of lending (up to 100 thousand rubles), so the risks of banks in this case are lower. On the basis of scoring, car loans are also often issued, involving the registration of a car as a pledge. The borrower assessment model, which underlies the scoring, is different for each bank. But in any case, the system is a test for which certain points are awarded depending on the information that was specified in the loan application form.
Step 2
For example, borrowers with regular earnings who have a car or an apartment will receive a higher score. Also, the program has the ability to check the internal databases for the absence of overdue debts. The amount received determines the decision of the bank to issue or refuse to credit. Please note that loans issued based on the scoring program verdict always have higher interest rates.
Step 3
An even more loyal check is provided for citizens who are salary clients of the bank or have a deposit there. Also, those who previously took out a loan from this bank and paid it off without delays can count on a simplified verification procedure. Banks often approve a certain loan amount in advance for them, and they just need to show their passport and receive the required amount.
Step 4
When receiving large amounts of credit, the borrower verification procedure is more time consuming. Such loans involve the provision of a full package of documents, including a passport, a 2-NDFL certificate, a copy of a work book, and sometimes documents for property. All of them are checked for forgery and for compliance with the information specified in the questionnaire. Under the standard verification procedure, banks will initially make a request to the BCH. If your credit history is bad, the loan is likely to be denied. The presence of convictions and open enforcement proceedings is also checked. Further, the borrower's compliance with the requirements for issuing a loan is analyzed (by age, work experience, registration). Very often they call the accounting department and check the borrower's place of work. Finally, calculations are made on loan calculators in order to determine the maximum loan amount. In this case, the confirmed level of income and monthly obligations (loan payments and other expenses) are taken into account.
Step 5
If the loan involves the attraction of guarantors and their income is taken into account when approving the loan amount, then they are checked in a similar way with borrowers. In case of collateralized lending, banks analyze the subject of the collateral, its market value and liquidity.
