The reason for refusal in the application for a loan can be a low level of credit rating, which is the Bank on the basis of information on your financial situation and solvency. Sberbank has its own rating, where each client is awarded its level.
The formation of the score is due to the analysis of a large number of factors. So when drawing up a rating, the lender looks at the following criteria:
This rating possess ideal borrowers who have a good credit history, there is no overdue and arrests in the past, a high level of wages, there is a property that might go on a deposit. Such customers often receive favorable personal conditions.
A sufficient number of points forms a fourth rating level, which allows the client to issue a mortgage loan or a large loan in the bank. Here, as with the highest level, the borrower has a wonderful credit history and a good level of earnings.
Customers with this level of rating should be calculated only on small loan amounts, as well as a big percentage. Confidence from the bank borrowers do not cause them, so they are often asked to provide mortgaged property or guarantor. Make a mortgage with the third level is possible only at a high level of income at the time of submission of the application.
Low income, bad story forms a second level of rating from the client, which does not allow you to take a loan in Sberbank. The only feature that the borrower possesses is to issue a small loan with a high interest rate.
The lowest level of rating people have people who previously broken the terms of the loan agreement. They will be denied loan. Most likely, they are even in the bank’s black list.
You can even increase the rating. You can do this in the following ways:
The credit rating allows bank employees to quickly respond to the loan application. It is important to have a good level of rating that the loan design is carried out on favorable conditions. To improve the rating, use how much ways we have listed above.