Creditworthiness and elsewhere in Poland is nothing more than the ability (ability) to repay the debt incurred with the bank along with interest within a specified period. The bank assesses the capacity in order to be sure that the installments will be repaid in time. After the last article devoted to the issue of creditworthiness , we received questions and information about the fact that these procedures look different in different banks. It’s possible – you don’t have to be afraid that the advisor has deceived you. There is simply no universal formula for calculating creditworthiness in Poland – no specific law sets the law.
Two categories of creditworthiness
Financial institutions divide creditworthiness into two categories. First of all, formal and legal capacity is important – that is, the legal possibility to conclude a legal contract. For this purpose, the person interested in the loan must present a document with a photo to the bank (to confirm their identity). He must also provide a completed loan application, employment certificate and other documents required by the particular institution.
It should be noted that the second category is closely related to the substantive ability, which includes personal and economic aspects. The bank analyzes the client’s family and property status, qualifications and professional experience. Analyzes the economic and financial situation and the quality of loan collateral. It is generally accepted that the installment cannot exceed half of the monthly income of the applicant.
Creditworthiness and the type of loan
Although the term creditworthiness is primarily associated with a mortgage, the bank also analyzes it with other types of loans – for example, car loans. However, everything depends primarily on the amount you want to borrow from the bank. It should also be emphasized that the mortgage requires a more complex analysis of creditworthiness due to the long repayment period and the value of the property.
Loan? Only here!
Are you afraid of complicated procedures, formalities, long waiting times in banks? Are additional repayment costs charged by branches unacceptable? Take a mortgage or in another location (for other purposes as well) in our company. We guarantee a minimum of documentation and fields to be completed. We trust our clients, hence the number of certificates is very limited. What does it mean? In the case of loans granted to persons who do not run a business, we do not need PITs. All you need is a certificate from the place of employment, which, at your request, we can obtain by ourselves. In so-called liberal professions (lawyer, architect, tax adviser, bailiff, doctor with specialization, dentist, veterinarian, legal adviser, nurse, etc.) we honor declarations and show ID or the right to practice a profession.
Cash loan for you!
It’s up to you what you spend the money borrowed from us. Importantly – we serve clients from all over Poland, not only from Podkarpacie. Thanks to us your wallet will like challenges – new apartments, cars or long journeys.