There comes a time in life when you must analyze the option of applying for a bank loan for the first time. That moment is, without a doubt, one of the ones that can generate the most fear for the human being, since the bad references and negative experiences that he has heard from his family and / or friends over the years generate an uncontrollable panic.
The dreams of traveling, studying, buying a new car, renovating the home and many others are overcome by the fear that comes to mind phrases such as: they will report negatively to you! You will not be able to pay! pay a lot of interest !, etc.
So before making the decision and requesting a bank loan you must ask yourself and consider the following.
Is my credit history good?
The first thing you should know is that the credit history is a report that continuously keeps the payment behavior with the credits you have requested and the debt summary as debtor and co-debtor.
You should be clear that if you were a co-debtor at any time and the debtor did not comply with the payments, this also affects your credit history. The next step is to be reported and if this happens you will probably be denied bank requests.
The Superintendency of Banks of Guatemala (SIB) is responsible for recording all the information provided by banks to share it among banks.
Where can you check the credit history?
To check your credit history in Guatemala, you just have to present yourself at the Superintendency of Banks (SIB) so that they give you a user number where you can check your financial record online as many times as you need.
Do I have the necessary documentation for the loan?
You should know that all financial institutions need an indeterminate amount of papers and requirements, depending on the credit you want to request, to grant it to you. This can complicate the process so that a loan can be accepted. If you need the help of a bank you should keep in mind that they will request the following documentation:
- Copy of identification document.
- Bank statements of the last three months.
- Letter of entry to a company.
- Recent copy of water, electricity or telephone receipts.
Do I have a co-debtor who trusts me?
The co-debtor is the biggest support a bank seeks to make the decision to lend you the money. They do it because apart from the documents that record your income, they need someone who can support the payment, in case you have a personal inconvenience that prevents you from continuing to pay the monthly fees.
Are the monthly fees assigned by the bank appropriate for me?
This is one of the most important points to make the decision. Take a few days and think about how much money you really need to meet your needs. From there, analyze the amount of monthly income you have, so you will know how much money you have to adjust the terms offered by the bank and be able to meet the payments.
If you have the need and desire to apply for a loan as soon as possible, but the requirements of the banks prevent it, calm down. With Good Finance Credits you can get the loan you need so quickly and safely.
Approach one of our service points or request a completely free financial advice to get the loan you want.