GUIDE TO THE LOAN APPROVAL PROCESS
This document defines the basic principles and procedures that the Bank applies when assessing credit applications from individuals, in accordance with the internal Lending Policy.
1. Stages of the credit process
The loan approval process takes place through several key stages:
1. Preliminary analysis: Verification of the client and related parties through internal and external sources (CBCG, Tax Administration, CRPS).
2. Documentation collection: Submitting applications, income certificates, bank statements, collateral related documentation, and other documentation
3. Credit assessment: Analysis of the client's ability to regularly settle obligations.
4. Approval and Disbursement: Decision-making by the Credit Committee and realization of the loan after establishing collateral.
2. Assessment of creditworthiness (Creditworthiness)
The main objective of assessing the creditworthiness of a client is to protect the consumer's ability to repay the loan and prevent excessive indebtedness. Accordingly, the assessment focuses not only on the requested loan amount, but also on the consumer's overall financial situation.
Generally speaking, the following factors are taken into account:
- Income level and income continuity
- Existing indebtedness
- Loan repayment history
- Basic consumer and household living expenses
Repayment ability is the most important criterion in loan assessment. During the assessment process, a holistic analysis is conducted, taking into account not only the consumer's own financial obligations, but also the household's living expenses and existing financial obligations.
3. Approval and payment
After the decision is made by the competent body responsible for approving the loan, the process of implementing the decision continues - signing the contract, paying fees, establishing the prescribed means of securing the loan and, finally, disbursing the loan.
Conclusion The Bank's final decision depends on the stability of income, total indebtedness, previous credit history and the quality of the collateral offered.