The acceptance conditions
When you take out a loan, you enter into a financial obligation . You must repay the loan or credit taken out in monthly installments within the agreed term so that afterwards you have paid off the loan in full and are debt-free.
In order to accept a loan, your financial situation must be sufficiently stable with sufficient room for the additional monthly costs of the new loan on top of all other fixed costs that you have monthly. Not only the level of your income influences whether or not you are accepted for a loan, your family situation and your living and working situation also play a major role in the granting. In addition, your registration with BKR is also very important! A positive registration shows that you have proven good payment behavior in previous loans; a negative registration the opposite.
Our partner banks need a complete file from you so that they can make a tailor-made proposal based on all this information. A complete file is not only necessary for the bank that pays out the loan. The law and regulations also require us to request this information from you. We are required by law to prevent over-lending. This is only possible if we have insight into all data.
We have a legal obligation to prevent over-lending. The way in which we should prevent this is not fixed. We must correctly handle and apply the loan standards drawn up by the VFN and NVB, based on Nibud's sample budgets.
The credit specialist and / or credit provider must then map out the financial position of the customer accurately and as completely as possible. After an assessment of the financial and personal situation, it is determined on the basis of the loan standards whether responsible credit can be provided. And if so, for what amount you can take out the loan or credit responsibly.
It is the task of the credit specialist or credit provider to gain insight into often missing but essential additional information. A common situation is that certain expenses of the applicant do not appear in the loan standards, but are important in the acceptance for a loan and the determination of the maximum loan amount. Examples of these expenses are monthly costs for partner and / or child maintenance or obligations for pension contributions or student debt.
We would like to refer you to our terms and conditions if you would like more information. You can of course contact us if you have any questions.