Rapid credits have received urgent money to meet urgent needs and different consumer goals, for expenses that need to be paid immediately, for bargain purchases to be made at the moment.
The need for money is immediate and does not delay. In order to justify their name, fast loans really have to be lightning.
What about the requirements for drawing fast loans in Bulgaria?
Submitting your credit application must be in the most basic procedure, documents must be kept to a minimum, approval must be in minutes, money must be received immediately and the entire amount in your preferred way.
There are a variety of financial companies on the credit market that offer lucrative and flexible quick loans, all of which have certain requirements for borrowers.
1.Request for age affiliation . Many of the fast-paced companies to apply require you to be at least 18 years of age, but there are those starting with 19, 21, 23 years. Pay attention to the maximum age limit – 65, 70, 75 years. Of course, it is easiest to apply for a company with no age restrictions.We will look at some of the most important requirements that creditors bring to get you timely, to get the most out of your bid to pick the most favored proposal.
2. Requirement for permanent address and address of domicile of Bulgarian citizens or permanent aliens in our country. Some financial companies even specify that your home is not necessarily your property, it is important to specify the exact place where you are located, and if you change it, you will notify the creditor.
3. The requirement for a valid ID, current phone, email, bank account will not hinder you. Not to mention that currently very popular in Bulgaria is so. quick credit only against ID card . When submitting the requirement for personal information, financial companies must also provide a certificate of entry in the Central Register of the BNB and must also have a document that they are a data controller under the Personal Data Protection Act. There are also financial companies that only issue credit cards, with them the fastest and easiest, with the minimum of documents, you will get the necessary amount of money.
4. Requirement for an open-ended employment contract that guarantees regular income from salary, civil contract, pension income, retirement, age, other income – rent, rent, lease or what you have. The employment contract creates more security, it guarantees remuneration, which is obtained on a certain date, which can be considered the date of payment of the repayment installment. Here you need to request an official document from an employer for gross and net remuneration usually 6 or 12 months back, ask for business notes from companies or submit an Annual Tax Return under Art. 55 to see your actual earnings per calendar year. You should also note that there are creditors who want your monthly net income to be larger than your monthly installment, to have paid your statutory social security contributions, and so on. Loans that are granted in the presence of an employment contract or in the presence of officially proven earnings are usually for larger amounts because the risk to the creditor is less. The requirement for permanent income is the most common one, but there are also fast-paced companies that provide fast credit without a labor contract , no income requirements – for example, loans for unemployed, for women on maternity leave, for students, pensioners, self-employed, farmers and others.
5. Requirement for guarantors, guarantors, co-debtors. In order to grant you a loan, you must have found guarantors – one or more depending on the amount of the amount you will be withdrawing. The guarantors undertake to be responsible for fulfilling the obligations of the borrowers for the entire amount of the loan and under the same conditions, which is a great responsibility. Fast-paced financial companies also have requirements for guarantors – to work on a labor contract, to have permanent income, not to be guarantors of other loans, to have no active loans, to have a pure credit record, and others. Think about whether you will meet this requirement, and whether there are such people among your relatives, relatives and friends, and whether they will agree to take that risk. There are companies that grant fast credit without guarantor and co-debtors.
6. Bank Guarantee Requirements . You need to find a bank to become a guarantor of your fast credit commitment. This is usually a partner bank of the creditor company, there is also a fee payable for taking over the guarantee – paid before or on the date of payment of the repayment installment.
7. Collateral requirement – Contractual mortgage on immovable property. This is a relatively less common requirement, usually for bigger amounts. Here there are additional property requirements, notary fees and additional costs.
8. Requirement for a pure credit record and good credit history . This is all the information for each borrower, the credits he has withdrawn and the way he serves them. A pure credit record and good credit history have borrowers who regularly repay their obligations, strictly mature, do not delay with the repayment installments, do not allow for overdue payments. In the absence of a delay, a bad credit history is formed in case of a delay, which may cause financial companies not to lend. Currently, a hit in Bulgaria is the pull and demand for quick credit for people with bad credit history and bad credit records. There is no way you can not deal with a debt and give you another loan. Your credit history summarized in a credit file is stored in the Central Credit Register. Licensed and registered by the BNB financial companies have access to the CCR, where they submit data and draw information. There can be no unnoticed irregularities in connection with the payments you make, there is no way to get credit. The pursuit of each borrower must be related to the maintenance of a perfect and flawless credit file. Some companies may also give you credit, but in adverse and harsh circumstances – a very high interest rate – you may require a pledge on real estate to ensure a return on the funds.
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