How to find out if credit approved

By providing a private loan, the Bank assumes a certain risk associated with the non-payment of its obligations to the borrower. For the financial activities of the Bank, the Borrower's solvency is an important question requiring a serious approach. Therefore, to make a decision on lending to the bank, it is necessary to thoroughly examine information about the borrower.

To find out how quickly you know whether the loan is approved, you can place an online application. On the official websites of many banks there is a convenient form of an application, filling out, you can quickly get an answer on the issue of credit approval. It should be remembered that this application is only preliminary. For registration, the main must be driven into the office of the bank.

A preliminary loan application can be issued not only on the official website of the selected bank. There are sites collaborating with many banks. Submitting an application on such a site, you can get an answer directly from several banks presented on the resource. Thus, without receiving approval from one bank, there is a chance to get approval from others and consider the most profitable option for itself.

The process of consideration of the application filed in the Bank's office takes a certain number of days necessary to clarify all the details of your credit history and biography. Be prepared for the fact that the bank can call you several times to clarify some details.

After the decision is made, the Bank's staff must contact you via a phone call, SMS or email. Therefore, when filling out an application in a bank, check that all your contact details are correct. If no one has contacted with you, most likely, the decision was made not in your favor.

In the case of a long silence of the bank, call the office yourself. To do this, you can take a business card with all contacts in your credit manager in advance.

If you do not have a bank office contacts, use the telephone hotline. Be prepared to provide your passport details to the Call Center operator.

If you got a negative response from the bank, do not be discouraged. Each bank has its own requirements and wishes for borrowers. There is a possibility that in another bank the lending procedure will be much easier, and you can get a coveted loan.