It is quite understandable that consumers who could not fulfill their financial responsibilities arising from the credit, credit card or similar basic banking products used in the previous periods for any reason are included in the low-risk group.
Consumers also need to understand, accept and act accordingly to make banks abstain in credit allocation. Therefore, while sharing some details about the banks that give credit to the low-risk credit rating, it would be useful to mention what the consumers in this group should pay attention to and what to do in order to get credit.
How Those With Low Credit Rating Can Get Credit
The first step for consumers with low credit ratings to take credit should be to try to upgrade the credit rating if possible. For this, a blocked collateral credit card can be taken or monthly debt payments can be made completely and on time after regular credit cards are used. After the payments made, it will be seen that the risk group can be exited in a period of 3-6 months.
However, this may not always be possible, that is, it may not be desired to be managed for a period of 3-6 months due to the absence of a credit card and various urgent needs. There are some methods that can be applied for this situation, and this is exactly what most people demand, this topic is discussed in detail under a different heading below.
For banks and economists, the credit rating must be below 1499 in order to be depicted as low. In this context, the closer the credit rating gets to 0, the lower it is and the less likely to get a loan. First, learn your credit score and see how you are, the closer you are to 1900 points, the closer to perfection, the closer you are to 1500 points, the better.
Banks with low credit ratings that can attract credit
There is and will not be a bank that says it gives loans to those with a low credit rating, but some banks can still keep the conditions expected to be fulfilled in the loan allocation process more flexible than other banks. For this reason, it may be good for consumers to turn to these banks to get credit.
The common feature of all these banks is that they are requesting applications from the internet for the related loan product, and a large part of the transactions can be done over the internet. Due to these cost-cutting reasons in the loan allocation process, the conditions are kept more flexible, that is, the main reason for easy loans is not to allocate loans to consumers with low credit ratings, but this is most beneficial for consumers with low credit ratings.
Good Credit Easy Loan
The bank that offers the most cost-effective yet easiest loan possibilities that consumers can benefit from now is Easy Loan. Defending that the credit rating does not concern them, Good Finance Bank wants to enable every consumer to access the loan. However, it is important to know that the consumers who want to benefit from Good Finance Bank’s Easy Loan product should bear a monthly interest rate of 1.59%. If it is desired to withdraw a loan of 20 thousand USD through Good Finance Bank:
- 2066 USD per month for a 12-month term, a total of 24.893 USD,
- For 24 months maturity, 1241 USD each month, 29.895 USD in total,
- For a 36-month term, 981 USD each month and a total of 35.426 USD payment is required.
My Credit Rating Is Low, But I Definitely Need To Use Credit
If using credit has ceased to be a demand for you and has become imperative, all you have to do is to submit an application for the amount you need, following certain procedures. If you want to seriously increase the probability of your loan application being approved and the amount of credit you can use, all you have to do is show a guarantee, a guarantor or submit an application for a loan as low as possible.
It is important to note that if you want to show a guarantee, your dwelling must be used as a residence in the land registry. After your housing guarantee, you can use general purpose loans up to 80% of the appraisal value and benefit from various tax discounts specially arranged for housing mortgage loans.
If you want to show a guarantor, you should be careful that your guarantor must be a person over the age of 18 with a high credit rating and regular income.
If you are going to apply for smaller loans, please discuss with the branch staff that you will be more likely to approve if you apply for loans compared to your monthly income. If you cannot go to the branch, call the call center. If you have not been able to access enough information, submit a loan application for a certain amount so that you can transfer 20% of your monthly income to loan installment payments.