Documents for the loan application
Anyone who is about to apply for credit must submit a whole series of documents so that the application for the loan can be processed. In principle, if all the documents for the application for a credit application are quickly and, above all, fully collated, the lending bank can process the application more quickly and grant the loan more quickly. The documents for the loan application are always provided in copy. You should never give originals out of hand, because if they are lost, they have mostly disappeared irretrievably.
The most important documents for the loan application
Sometimes the most important documents relate to the assessment of the applicant’s creditworthiness. For most loans, banks require the last three salary statements when applying for credit. Not infrequently, the last tax assessment is required for the application for credit, since it, among other things, result in extraordinary burdens. Documents about all savings accounts are just as important in the application for a loan as documents about all costs that the applicant has to deal with on a regular basis. Anyone who has to pay child support must also attach all related documents for the loan application.
Apply for credit for real estate financing
If it is a loan application for a property or for a specific construction project, then submit a whole series of other documents of the bank. This includes, in particular, documents relating to the object to be financed. These include, for example, a statement of the total costs of the construction project and a list of possible equity capital. The more thorough the cost of the construction project or the purchase of used real estate, the lower the risk that re-financing will be required. Therefore, the borrower should very conscientiously think of all costs and if possible attach detailed cost estimates to all necessary work on the construction project. In the case of a property, banks are primarily interested in the market value, which results from the value of the land, the value of the land and the value of the building. For this reason, documents such as a land register extract, a site plan and a ground plan drawing of the building must be provided when applying for a loan.