How do I know if a loan is approved or not? Options and methods

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, many external factors encourage people to take loans from banks. Before borrowing such an amount, each person wonders if the bank will refuse him this service. How do I know if a loan is approved or not?

In practice, it happens like this. Often, after leaving an application at a bank branch or on an online website, employees contact the client or send SMS about whether the loan is approved or not. Sometimes situations happen that the deadlines for obtaining approval expire, and the information has not been received. This article discusses options for how to act in such situations. How do I know if my loan will be approved?

What action should be taken

You need to take into account the human factor. When the terms for loan approval have already passed, a potential client can use the following recommendations:

• On your own, ask the manager directly at the bank branch.
• You may have made a mistake when you indicated the phone number in the application, or the manager forgotcall you back. Questionnaires are constantly updated in the database, and a bank employee uses this database only when viewing phone numbers.

In the office you can study all the information in more detail and bring the missing documents.

Call the call center

This is one of the good ways to find out if the bank approved the loan or not. This option is suitable for people who, due to certain circumstances, cannot visit a bank branch. In the call center you can find out all the information you are interested in, as well as find out the contacts of the manager who accepted your application.

In addition to the call center, you can directly call the bank branch. This is the best way to find out if a loan is approved at Sberbank.

Chat with a consultant online

In your personal account you can find out information about account balances, loans and deposits. In order to use Internet banking, and in particular your personal account, you first need to register on the site, go through authorization and receive a key from the bank.

PJSC "Sberbank of Russia", for example, provides customers with keys using ATM services or over the phone. When a client logs in to the site, he must independently come up with a unique password.

Online customer support chat

Almost all bank websites are equipped with the function of online forms for conducting correspondence with an employee of the organization in real time. This service does not require additional registrations and authorizations.

Information for those whowants to take a loan in the store for equipment

Many are interested in: “How do I know if I will be approved for a loan to buy household appliances?” There is a special form on the website of each retail facility, filling it out and indicating your phone number in it, you need to wait for the operator's response. This procedure takes no more than fifteen minutes. You need to find out about the availability of this service in advance, since not all hypermarkets provide such an online consultation on their websites.

If it is present, you will be able to get all the information you need. This will not only help you find out which bank will approve the loan for the purchase, but also make it possible to find out all the conditions of the loan.

Potential loan recipients

Priority approved loan recipients are public sector employees with a stable monthly income, whose age ranges from 27 to 45 years. A loan can be approved for owners and directors of large companies that have a consistently high income.

There are a number of criteria that you should follow to get a positive decision. How do you know if a bank will approve a loan? To do this, it is better to adhere to certain limits when you apply to a financial institution to receive funds:

• Neat appearance. It is worth paying attention to what hairstyle, shoes and suit you will choose for an interview with a manager. Keep your attire business-like.
• Speech. Before going to the bank, it is worth rehearsing how and what you willspeak to the manager. Do not give a lot of unnecessary information, you should speak in fact. Try to avoid parasitic words and slang in speech.

• Documentation. Take with you all documentation that might be useful in obtaining a loan. Do not forget to make a copy of the work book and take a certificate from work in the form 2-NDFL (it is ordered in advance). Try to fill out the application legibly, without errors. If you do not understand something, be sure to ask the manager about it. Do not forget to warn loved ones that they will be called from the bank to clarify information.
• Information. Ask the manager about all the intricacies of the loan (pen alty, delay periods, fines). This is required before you can know how many will approve your loan application.

What is very important?

Before you take a loan, study the lending conditions of all banks. Remember that the first impression always plays an important role in any transaction. Try to please the manager, and in this case, he will definitely not forget to notify you of the decision made by the bank.

Who is being denied credit?

How do I know if a loan is approved or not? There are situations when the bank refuses to receive a loan. Unfortunately, it is not always possible to find out the reason, since the financial institution reserves the right not to explain the reasons for the refusal. How to find out which banks will approve a loan? Below are the most common reasons for negative decisions:

• Personal criteria of the bank. Some banks work withclients from 21 years old, others - only over 28 years old. Many banks refuse to lend to customers over 65.
• High load of loans. If your monthly payments on any type of loans are about 50%, then be prepared to be rejected.
• Lack of citizenship or registration.
• Bad credit history. It is kept in BKI for 10 years. The manager may be afraid to approve a new loan for you.
• Informal employment. Your income must be documented.
• Low wages. If your monthly income is less than 15,000 rubles, then you will be denied a loan.
• Follow the rules in this article and chances are your bank will approve your loan application.

Which organizations provide loans in most cases?

If there are no comments to you from the bank, and at the same time you receive a stable salary, you can apply to Renaissance Bank. This institution issues loans in the form of cash, and applications are processed online. Failures here are less than thirty percent. The amount you can count on is from 30 thousand to half a million rubles. In some cases, interest rates may be flexible.

Almost everyone who wants loans is also provided by Home Credit, however, at high rates - up to 34.4 percent. However, you can get up to 850 thousand rubles, and the application is considered for only an hour and a half. A nice bonus is the ability to choose the date of making payments.

Tinkoff Bank also has a high probability of loan approval. It offers several types of loans to choose from, along with some bonuses. They can be used to pay for certain goods and services. Usually the interest rate is 24.5%, but holders of a "platinum" credit card are offered more favorable conditions - 300 thousand rubles are provided without interest for a month and a half.

The most famous of all banks - Sberbank - usually refuses no more than 30 percent of applicants. If you are a payroll card holder, you can apply for a loan online. The rate will be only 17.5%, and the approval process will take no more than two days.

Term for obtaining a loan and the possibility of applying to a bank

Before contacting Sberbank or another institution to clarify the issue of loan approval, it is necessary to remember the information given by the employee about the timing of consideration of the issue of lending. To obtain a consumer loan, it takes from 2 to 7 days, a mortgage loan - one to two weeks. If there is a large amount of analyzed information or the situation is ambiguous, these terms may change.

How do I know if a loan is approved or not? Starting from the moment of submitting an application and providing the necessary documents, a bank specialist, as a rule, will already be able to indicate the approximate time frame during which the issue of lending will be resolved. If the deadline that was indicated by the employee has not yet expired, then you should wait until it ends. For any decision in the case of a standard situationCommunication with the client is carried out by phone. Most often, the notification comes via SMS.

Options for obtaining approval information

If the deadlines have passed, and the bank employees have not contacted, it is possible to obtain the necessary information during a personal visit, by calling the call center or using the online bank.

Practice shows that the most productive choice will be the first option to solve the problem. You can immediately find out the reason for the delay and all the necessary information. The reason may be a rare update of the database, an incorrectly specified number, or the workload of bank employees.

In person, you can submit the missing documents or bring them later, as well as enter clarifying data that may affect the receipt of a loan. That is why a personal appeal to the bank will be as expedient and effective as possible.

In the event that the client for some reason cannot be personally present at the bank, he can get all the information by phone. To do this, you should use the call center phone or, if you have such information, call directly to the bank branch. If there is no such information, then a call to the center will be able to solve this problem, as well as provide information about the loan. Making a call is possible at any time, and it does not require financial and time costs.

This also works in the case of non-state credit institutions. You can often come across the question: how to find out if a loan was approved by Russian Standard orNo? The answer to it will be a simple call to the institution.

Online information

Recently, most customers choose to receive information via the Internet. Making a request is quite simple: the client needs to fill out a short application using the bank's online service. However, only registered customers will be able to use this service, so this imposes restrictions on those who have not previously interacted with the organization. However, this is the fastest way to find out if a loan is approved or not.

To register on the site, you need to get a login, which is provided by a bank employee by phone. Another possibility to obtain a username is to request it at an ATM. But keep in mind that in this case, the codes that the client will receive will only be valid for one operation.

Using online banking makes it possible not only to receive information about the loan in the "Personal Account", but also to apply for it. If the client uses this method, then in the "Credits" section, he will be able to see the status in which the application is located. If it is approved, then you should personally appear at the bank to draw up an agreement. This is true not only for Sberbank.

If you are interested in how to find out if Tinkoff has approved a loan or not, you should also create your own personal online account.

Conclusion

Don't be nervous after submitting an application about the issues of reviewing documents and providingloan. In the event of the release of official deadlines, you must contact the bank using one of the methods listed and obtain all the information you are interested in.