The bank can only check official income. Therefore, the higher the client's "white" salary, the better. If he receives cash "in an envelope", and officially he is transferred only the minimum wage, then the last creditor will consider it. A short work experience will also prevent the application from being approved - usually banks issue loans to clients who have worked at their last place of work for at least 6 months.
Important: The more often you change jobs, the worse. Banks prefer borrowers who strive for stability in everything.
He will be 100% approved for a loan: the ideal borrower according to the bank
If we take as a basis a set of all possible criteria, then this is a resident of a prosperous region aged 25-45, officially employed and receiving a "white" salary. Married, with additional income and a iceland mobile database low debt burden. At the same time, the employer pays him not the "minimum", but an amount sufficient to repay the loan and live comfortably. The ideal client is also ready to provide his own property as collateral, attract co-borrowers and guarantors.
But, according to rough estimates of statisticians, no more than 10% of the country's adult population fits this description. More than 50% receive loans. Therefore, it makes sense to consider not only the ideal borrower, but also one that meets the requirements of most banks.
Who is most likely to be approved for a loan:
men and women aged 20 to 60 years;
having an official income and more than 6 months of work experience at the last place of work;
with a low debt burden, not exceeding 15-20% of confirmed income;
owning property that can be provided as collateral;
ready to take out insurance;
with a positive credit history and no history of bankruptcy.
Much will depend on the size of the loan and the period of use of the money. Sometimes banks themselves offer the borrower to adjust the parameters: for example, they approve smaller amounts for a longer period. The client may also be offered alternative products - for example, a targeted loan or a credit card instead of a regular consumer loan. The bank's interest is of key importance here.