What are the criteria for obtaining a personal loan?  - Comptano

What are the criteria for obtaining a personal loan? – Comptano

Do you want to obtain a bank loan without making sure that the conditions for obtaining it that the banks require? We invite you to discover the criteria for granting a bank loan to know your chances of getting it.

What are the factors to consider when granting a personal loan?

Before deciding to give you a bank loan, your bank considers several factors.

your income

These should be constant and regular. This is in order to ensure the financial stability of the bank before giving you a loan.

Preferred profiles are those that justify a permanent contract or a job in public service. If you are self-employed, a business manager, or if you are self-employed, your seniority will be taken into account.

Your debt ratio

This is the ratio between your household’s net income and your total monthly loan payments.

In France, the proportion of debt set by credit institutions is 33%. A simple calculation will let you know your current debt ratio: multiply all your current monthly loan payments by 100 and divide the result by your net monthly salary.

Your comfort to live

Remaining to live refers to how much you have left each month after paying the fixed fee plus your monthly loan payments. Here, each bank has its own rules, but the rest is calculated by deducting flat fees and total credits from your total resources. There are sites that allow you to simulate a loan and thus determine your monthly payments.

Among the most important criteria for banks, the minimum living allowance for an individual is generally set around 700 euros. Calculate 900 euros for a married couple and add 150 euros for each dependent child.

Your age

If it is now possible to borrow after 65 years, the conditions are much stricter. Then the loan security amount will be much higher, which could result in exceeding the applicable wear rate and lead to your application for bank financing being rejected.

For those under 25, getting credit, including consumer credit, can also be complicated.

Your personal contribution

This factor weighs less in the scale when examining your loan offer. However, with respect to a mortgage, it often asks for a 10% contribution.

However, banks can give a loan without any contribution if the rest to live is important.

your financial situation

Persons on file with the Bank of France cannot claim bank credit. Banks systematically consult this institution to ensure that you are not the subject of any registration. Various files can be used, including:

  • FICP or the national file for credit reimbursement incidents for individuals
  • FCC examination file or central examination file.

Note that the main reason for the banks’ refusal to fund remains to be registered in the file of the Banque de France. It is therefore necessary to demonstrate a sound financial position in order to be able to claim a bank loan, whatever it may be.

Do you want to apply for a bank loan without making sure that you meet the conditions for obtaining it that the banks require? We invite you to discover the criteria for granting a bank loan to know your chances of getting it.

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