After an application for a loan is submitted at Sberbank, a certain period is allotted during which the bank checks certain characteristics of a potential borrower. Then the credit committee makes a decision about the issuance (or not) of funds. It often happens that the applicant is denied a loan. To prevent this from happening, you need to find out about the possible reasons for refusing a loan at Sberbank.
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Basic requirements for Sberbank borrowers
There can be many reasons for a negative loan decision. Experts recommend that even at the stage of selecting the optimal lending program, carefully study the requirements for the loan applicant and the package of required documents.
It usually comes down to this:
- Age must be at least 21 years old and not older than 65 years old. If this criterion goes beyond the established limits, a guarantor or pledge of property is required.
- The deadline for lending under the consumer program is not more than 5 years. If this is not enough, it is better to take care of providing a significant collateral in the form of a land plot, a garage, etc. Accordingly, the amount of the loan may increase.
- There must be permanent employment, at the last place of work for at least six months.
- Work experience for a five-year period - from 12 months.
Often banks refuse applicants due to low income. You can use the online calculator to estimate your capabilities. When the level of income really does not match the desired amount, the calculator will suggest a suitable program.
Example for different monthly incomes
Loan amount with an income of 25,000 rubles per month.
The loan amount with an income of 50,000 rubles per month. According to the target loan program, the requirements for the applicant will be slightly different. It is advisable to study the conditions of the chosen program and compare them with your real characteristics. All necessary information can be obtained from a bank employee.
Reasons for refusing a loan at Sberbank
It often happens that even in the case of full compliance with the set requirements, the reasons for refusing a loan at Sberbank are not explained. You can ask a bank officer for clarification. The main reasons for refusing to lend to Sberbank:
- Bad credit history . In a personal file, a record of a problematic previous loan is available for viewing from the general database. And absolutely all banks have access to it. You can be blacklisted even if the obligatory payment was overdue once.
- Special information . Sberbank is authorized by the rights to make a request to the relevant authorities about all of its customers. If there were disagreements with the legislature, most likely, lending will be denied.
- A significant amount of total debt . If you already have a current loan, you should not count on getting another one. Especially if the total debt is large. It makes no sense to hide information about this during the application process, since all information will be double-checked.
- Low income . As a rule, this circumstance is not a reason for refusal. But on its basis, the bank may offer a smaller loan amount or, alternatively, offer a longer repayment period (of course, at a higher percentage).
Re-applying after a rejection
In the case when, after filing the application, the bank does not receive a response about the decision made within the specified time frame, many perceive this as a refusal that Sberbank did not consider it necessary to inform and explain to them. In fact, this behavior of the bank is justified by the fact that it takes more time to consider the application due to non-standard lending conditions. Guarantors and relatives are subject to verification, additional information about the client is requested, etc.
In some situations, the approval process may take up to 30 days. But, one way or another, at any time you can check the status of the application by calling the Sberbank hotline, or at a bank branch. When a decision is made, an SMS notification will be sent.
When can I reapply for a loan?
You can reapply for a loan after receiving the first refusal at any time. Often, without receiving an official response to the first request, a second one is sent. As a result, confusion is created.
When submitting a second application, it is necessary to take into account all the shortcomings of the first attempt. If the characteristics have not changed since then, the answer will be the same.
It is desirable that:
- previous loans were closed;
- salary/income is higher;
- provide guarantors or collateral.
Sberbank carefully analyzes information from each potential borrower. As soon as all risks are calculated, the bank immediately announces the decision to issue or refuse. It is impossible to dispute the decision. It is advisable to correct your characteristics before submitting a re-application.
The main reasons for a loan refusal - video
The presented video will help you understand the intricacies of refusals to issue credit funds by Sberbank.