When applying for consumer credit or personal loan, the bank must check your budget as well as your personal situation, and possibly the reality of your project. Even going through the Internet, you will have to send certain documents with your contract . Not all banks or financial institutions require the same documents, but there are some essentials.
The main documents to provide to obtain a loan are:
For certain financing, the bank can also ask you for supporting documents for your project :
It may happen that the banker asks for other documents in order to make a decision. This happens most often if he has a doubt about your file: that is to say that your declaration is incomplete or inconsistent. In this case your banker to check your situation may ask you, for example:
It is always possible not to give the requested papers, but in this case the credit is simply refused ! Do not forget that your banker has the obligation to check that you are solvent and that you will therefore be able to repay a new loan. You must therefore be able to justify your situation and your project .
The banks and credit institutions that require the fewest documents are also those that offer the highest rates ... In fact, the more the bank checks your situation and your budget, the more it can select the right customers with the least risk. . Conversely, a bank that does not check credit application files will therefore accept bad customers and will have to "catch up" with higher rates. So to pay the cheapest, avoid companies that advertise "credit without proof" because they are the most expensive!