How It Work
How we work with clients
Do you want to know the conditions of acceptance for obtaining a personal loan? «Bidi Credit» answers all your questions.
Before granting you a personal loan, credit organizations check that you meet their conditions of acceptance. The most common condition of acceptance concerns your repayment capacities. To do this, you must demonstrate with the help of various documents and supporting documents that you have the repayment capacity necessary to settle your monthly payments calmly.
Disposable income.
The first step is to calculate your disposable income: salaries, pensions, rental income, dividends from your company, compensatory allowance, unemployment benefits, allowances,etc.
You can thus meet the conditions for acceptance, even if you are a self-employed person or looking for a job. Generally, the credit institution asks for more supporting documents to verify that your repayment capacities will be stable in the long term.
Your personal expenses.
Secondly, your expenses are deducted from your disposable income in order to obtain your monthly repayment capacities. These capacities must be sufficient to pay the monthly payments of your personal loan while allowing you to face the expenses and small unforeseen events of daily life.
As «charges», account is thus taken of your rent or monthly mortgage payments, your energy charges (EDF, etc.), taxes, alimony, etc. To calculate them, your personal situation is also taken into account: family status, number of children, quality of owner or tenant, etc.
Once this data has been reconciled, the credit organizations will know your repayment capacities with precision and will be able to assess whether or not your file corresponds to their conditions of acceptance.
THE OTHER CONDITIONS
- Include your course credits;
- Clearly describe your income and expenses;
- Check your ability to repay to commit;
- Being a major;
- Have regular incomes;
- Be of good character and good times
- Agree to be assisted by a notary;
- Agree to provide a loan guarantee;
- Agree to cover the cost of notary and registration of your file;
- Agree to take out insurance to protect your loan;