Bank loans procedure for granting the following are the General steps for the granting of bank loans, and we say in General, because these vary from Bank to Bank, and depending on the country also: general procedure for the granting of bank loans. Determine the destination of the credit: this step is very important because depending on the destination that is fence him to give the money that the Bank will lend, then the procedure and the banking interest charged for money varies a little. Determine the Bank you want to make the loan: this is important that depending on this the procedure for access to credit can be simpler or not, you should consult with several financial institutions to investigate which is which gives more guarantees. Fill out the form: after selecting the Bank with which you want to access to credit, a correct processing of the credit application or the form is important. This form should be filled with truthful data, but at the same time trying to prove their economic ability to pay.

Study of credit: in all bank loans, always will do a credit study. The study for bank loans is rigorous, and ideal, through people do procedure pre-established by the Bank, in the study of credit plays an important role the following aspects: a. monthly income of the applicant, duly certified, this is important because while in the application form for access to any of the available bank loans enter lush economic information that can in principle do assume the real capacity to pay of the applicantALL THIS INFORMATION?N must be endorsed and tested by those who make the study of the credit. There are various forms of credit the amount of monthly income, these various forms vary according to your profession or trade, these forms include: certificate of certified public accountant or the labour Charter endorsed by the certificate of affiliation to social security. B. expenditures of the applicant, i.e. the amount of costs that the applicant has. Among the most common we have family members, persons, debts to third parties, banking debts which always corroborate-.

To determine the amount of the family expenses banking institutions, they tend to make a balance between the number of members in the family and socio-economic stratum. This is done since the applicant can use misinformation for the granting of bank loans. C. assets of the applicant. It is conformed by the amount of real or personal property owned by the applicant at the time of making the request, of them it is convenient that you attach to the form some proof that the applicant is really the owner of the well. Granting of credit, happens after achieving a satisfactory credit study. Withdrawal of the money. After the granting of bank loans, the person can go to withdraw money, time which explains it again features, the term and the form of payment of the same. This rigorous process makes safe the granting of bank loans, but at the same time a tedious practice for any trader.