If you are an employee, you must submit a document stating that you have been working as a permanent employee in the company where you work. In addition, the bank also will require proof of a checking Reclaimed Wood Flooring Products account that is used to check the accuracy of salaries paid every month.
Therefore, for those who receive a salary in cash should save his salary to a bank account in advance, at least 3 months before applying for a loan. Banks typically will cut a third or a maximum of 40% of your income each month. While for those who are self-employed, make sure that documents such as the legality of at least 6 months, TIN, customer lists, vendor lists, and business registration certificate.
In addition to evidence of the last 3 months salary slip, bank will also ask you recapitulate your savings account as well as the amount of mortgage debt is running. Because the amount of mortgage debt will affect the ability to pay potential creditors. So before embarking on a new loan, you should pay off first or minimize the amount of other debt that the bank receives the credit you are proposing.
To complement the data potential creditors, the bank will also ask about your personal documents such as identity cards a copy of marriage certificate and a family card Relating to age, the bank will also calculate your productive age. So if you are aged under 40 years, the period granted loan can be longer, about 10 to 15 years.
There are some things that cause the bank rejects your loan application. One is the discovery of problems in your credit account, such as bad credit. This makes the bank doubting your ability to pay regularly and on time every month.
In addition, the total loans that are running when you apply for credit has also become an important issue. The more debt you have, the less likely your loan application is received, unless the amount of funds in your savings account is still insufficient.
The last thing is the location of the house
that was about to be renovated. Bank may reject your loan application if no marketable residential location, means to be in a location that is difficult to reach by four-wheeled vehicles.