What documents are needed to obtain a loan.

Lending opens up many opportunities for individuals and businesses. However, it has its nuances. Also, despite all desire, a loan may not be issued. Often the reason for refusal is that not all documents were submitted on Time and in accordance with the bank's requirements. 

You can find out what documents are needed for loan processing directly at the bank. Usually, such information is publicly available. In addition, you can find out what documents are needed to obtain a loan independently (for example, using the bank's website). In general, these are usually standard documents that confirm the identity and solvency of the client. 

The set of documents needed for a loan for regular bank clients may be simplified. Such nuances should also be taken into account. Then, it will be possible to arrange a loan (take it) in a short time. 

What documents need to be prepared?

To obtain a loan at any bank in Ukraine, you need to get the bank's permission. For this, you need to have a good credit history, present all documents, and discuss all conditions with bank employees. 

Loan processing is a common way of financing in Ukraine. However, in order for the bank to give such an opportunity (to consider the client's application) and approve the application, it is necessary to provide a certain package of documents. 

There are quite a few banks in Ukraine. They all have their own lending conditions. At the same time, there are also basic (general) points of lending. That is, the standard conditions, who and how are given loans. 

Before collecting documents, it is important to determine what type of loan is generally needed. In Ukraine, in 2024, the following types of loans are popular:

1. The simplest and most popular one, is consumer loans. For purchasing goods, paying for services, or covering everyday expenses.
2. There is also a housing loan, known as a mortgage. It is obtained only for the purchase of housing.
3. Auto loans. For purchasing a new or used car.
4. Loans for entrepreneurs. Such loans cannot be received by individuals, as there are not enough grounds for this. 
5. Credit cards can also be classified as loans. A limit for expenses with the possibility of repayment.

Each of these types of loans has its own advantages and features. All of them are intended for different loan purposes. 

Documentary basis: what is needed to obtain a loan? 

Each loan has its own list of documents. Along with this, there is a general (standard) package of documents: 

1. Passport. It is needed to confirm the identity of the borrower. Usually, it is necessary to provide the original and copies of all filled pages. This question can be clarified with the bank employee. 
2. Identification code (TIN). It is used to check credit history and tax status.
3. It is often necessary to provide an income statement. It confirms the borrower's solvency. The bank may also have its own form of the income statement. 
4. Credit history is also important in this sense. It is checked automatically, but the borrower needs to sign consent for its review.

In addition, it is necessary to fill out an additional questionnaire (if the client has not filled it out previously). Before submitting a loan application, such a form also often needs to be filled out and sent to the bank. 

What additional documents may be needed? 

In addition to the standard set of documents, additional certificates may also be required. What are we talking about: 

1. Consumer loan. A job certificate (indicating tenure and position) and a contract or invoice for the goods (if the loan is targeted) will definitely be needed.
2. Mortgage. In this case, documents on the housing, an assessment of the price of this housing, and a family composition certificate (if there are minor children in the family) are needed.
3. Auto loan. In this case, documents on the car (with an assessment of its value), an invoice or a commercial offer from the car dealership will be needed. In general, a complete list of necessary documents can be obtained from the bank. 
4. Business loan. In this case, documentation for the private entrepreneur will also be needed. 

In the case of obtaining a credit card, usually, the bank does not require additional documents. It is enough to become a bank client, and then provide the standard set of documents. 

Documents for a loan: how to prepare? 

To obtain a loan, all documents must be submitted within the specified time. All documents must be genuine (original) and not expired. This nuance should be checked immediately. For example, the income statement must be issued no earlier than one month before submitting the application.

Copies must also be made. Most banks require copies of all submitted documents. Prepare additional copies if you plan to apply to several banks.

Additionally, it is necessary to clarify what the bank's requirements are. Some institutions may require specific documents, such as a statement of the pension account balance or an income declaration.

A few words should be said about how to increase your chances of obtaining a loan: 

1. Ensure your financial capability. Banks assess the ratio of income and expenses. Usually, a loan is provided if the monthly payment does not exceed 30-50% of the borrower's income.
2. Do not hide obligations. When filling out the questionnaire, indicate existing loans, alimony, and other financial obligations.
3. Choose a bank with suitable conditions. In 2024, many banks in Ukraine offer online applications, which simplifies the submission process. 

For example, in PrivatBank, you can arrange a small loan through the application, and in Monobank, you can collect a minimal package of documents. 

Also, before arranging a loan, you should consider the offers of different banks. Before submitting an application, study the conditions at various banks. Pay attention to the interest rate, hidden fees, and penalties for late payment. In some cases, it will be possible to arrange a credit card (less expenditure on the procedure) and obtain the required amount in a short time. Otherwise, you can get a loan that meets all requirements by collecting a minimal number of documents. This option is also convenient.