In today’s Denmark, it has become customary to take out loans of all sizes. Where people borrow her money, however, is very different. Before you can be taken into account at all to get a loan, it requires some basic requirements to be met. Read here and avoid contacting the bank or the loan provider in vain.
You must not be registered with Ribers Kredit Institut (RKI)
As soon as the bank or the loan company finds out that you are in the RKI, it is almost impossible to get a loan. Being registered in RKI means that other companies have had bad experiences with you as a payer. It can either be because you have refused to pay a bill, despite various reminders and debt collection charges, or that you have not complied with futures on previous loans.
If you are first registered in RKI, you can only get out of the register by either paying your debt out, or you have to wait five years before you are deleted from the database. Avoid putting yourself in this situation and pay your bills and loan providers on time.
You live in Denmark
You should not just have an address in the country, you also need a residence permit or work permit. Some loan companies even require you to be a Danish citizen. If you are a Danish citizen, you should not experience any problems with taking out private loans if your finances can withstand it.
The reason why the loan companies ask for this is to avoid people coming to the country and borrowing money, then fleeing out of the country with the borrowed money. Furthermore, in order for the bank or the loan company to feel confident that this does not happen, they may require that you have a Danish bank account with associated NemID, a Danish telephone number and an active email address.
There may be age requirements
The minimum requirement from the majority of the loan companies and banks is that you are of age, ie 18 years. Some loan providers require you to be at least 21 years of age before you can, for example, be granted a consumer loan. The reason why this varies from loan provider to loan provider is that there is generally a greater risk of borrowing money for young people, rather than borrowing money for families with an established economy.
The loan providers who are willing to borrow money for an 18-year-old therefore run a greater risk than those who set the minimum age for a 21-year loan.
The bank makes higher demands
If you want to borrow a larger amount, it is a good idea to talk to your bank advisor. As a rule, it is in the bank that one can get the large loans at the most favorable interest rate. The bottom line of borrowing money in the bank is that they place additional demands on the borrower, and therefore not everyone goes through the needle eye.
If you want to borrow a large amount for, for example, a home or a car, the bank will typically require you to provide security in the investment you are making, or that you have a guarantor who can be liable if you default on the loan. It also happens that the banks set a minimum income that the borrower must meet before the loan can be paid out. So these factors make the loan process considerably longer, but you can borrow a lot of money at a relatively low interest rate.
If you meet the above conditions, you have good prerequisites to get a loan.