Generally, lenders require that the borrower must be at least 18 years of age and have a regular income. Income can come from salary or retirement income. Applying for a loan must also be permanently resident in Finland and not have defaulted on payment.
How do I apply for a loan?
By filling out a simple loan application on our website. It only takes a few minutes to complete the application. The application requires, in addition to personal information, information on your financial situation.
How Much Can I Apply for a Loan?
Through Good Finance, you can apply for a loan starting at $ 500 and up to a maximum of $ 50,000. However, be aware that your financial situation will affect how much loan you can eventually get. Even if the amount you want is $ 20,000, banks can only give you a loan of $ 10,000, depending on your financial situation.
What is a Loan Decision?
A loan decision is a decision made by a lender about whether or not it can grant a loan to a customer. Banks and financial institutions make their own decisions based on customer information. Good Finance does not make any decisions on the customer’s loans, it only acts as a loan broker.
My loan decision was negative, why is it?
There are a number of reasons why a negative loan decision may be made. The most common are the customer’s default payment entry, inadequate financial resources, and incorrect or incomplete information. Good Finance makes no decisions and is not responsible for them. Even the actual lender is not obliged to state the reason why he has not granted the loan to the client.
My credit history has a payment default, what are my chances of getting a loan?
Unfortunately, the terms and conditions of the banks state that they will not grant loans to customers with defaulted payments. However, in some cases, applying with a co-applicant may result in an approved loan decision.
What does “parallel applicant” mean?
Co-applicant means co-applicant. The joint applicant is responsible for the loan in the same way as the so-called. Lead Partner. A co-applicant is usually used to apply for larger sums or when the applicant’s financial situation is uncertain. A co-applicant may be, for example, an applicant ‘s cohabitant, spouse or friend.
Do I need collateral for a loan?
You do not need. Loans applied for through us are unsecured, which means that you do not need to have any real estate to secure the loan. Your ability to borrow is based solely on your financial situation.
What is the monthly installment of the loan?
The monthly repayment amount of the loan consists of the interest rate of the loan, the expenses and the amount of your loan that will be repaid monthly, taking into account the loan term. Check our loan calculator for an estimated monthly amount before applying for a loan.
Can I apply for a loan to combine old loans?
Yes, you can. Loans applied for through us are well suited for combining loans. Add up your old debts and apply for a loan for this amount. Pay off the old loans with the credit you have received and will repay only one loan in the future.
How Much Can I Apply for a Loan to Combine Old Loans?
You can apply for up to $ 50,000 for this purpose. However, lenders will normally assess how much they can lend you
I already have a loan, can I apply for another?
The same loan provider rarely grants more than one loan at a time. Sometimes and in certain cases, you can apply for an increase on an earlier loan. If your previous loan is with a different lender, it may be possible to apply for a new loan from another lender. However, consider your own ability to handle multiple loans so that your monthly expenses do not rise too high.
How quickly can I get a loan?
By applying for a loan through us, you will usually receive an initial loan offer within a few minutes of completing the application. You will then sign an offer if you wish and submit any attachments requested by the lender. Once you have a positive loan decision, the money will be transferred to your bank account. Smaller loan amounts are usually available on the same day. For larger amounts, it may take a few days. We also provide an information pack on various credit types.