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Every citizen of the European Union has the right to take a loan outside his home country. Sometimes there are situations when the so-called “Need of the moment” will direct our steps towards an institution serving, among others, to meet the financial needs of its clients. And I do not mean the workplace of the citizen at all. This is of course a bank. Half poverty, if we are in our own country, we know the language, we know where to go, we just know how to “spin” next to our case and get what we care about. However, there are situations when we are working abroad, and our cash – against us – disappears from the wallet like camphor. And because expenses, because fees, because unforeseen situations that can always happen.

Then what?

Then what?

Should we return to the country only because of such situations we have stood on the border of “to be or not to be”? Of course not. That’s what banks are likely to be willing to help a new customer and make money on his own. But how to “bite” such a foreign credit apple? It is not too complicated, and can help us decide to stay in a given country of our stay, and also save our foreign income. So what should we do at the beginning? Where to go to – as they say – embrace the topic?

The best way to try to orientate yourself is to use a credit advisor. That’s why this profession was finally created to make our lives easier. So we go to the chosen credit advisor and present him our problem, as well as our hopes and above all expectations. At the same time, we learn about what documents we need to collect and deliver to the bank so that he does not reject our application at the outset. If we work full-time, we should provide the bank with a certificate of earnings on their printing (some banks require it, although not all, this is not the norm). It is best to stock up on such a document and come with it to a credit advisor to check what cash you can count on.

Will the bank even want to talk to us?

Will the bank even want to talk to us?

A credit advisor will check our credit standing. If it matches the bank’s expectations, then the path to credit will be open to us. Of course, there are gates on this road, like on a highway, but if we have a good credit advisor at our disposal, no gates will be scary. First of all, we will need printing in English or German, on which our employer will present our income. Then we should attach the translated employment contract or contract to the application. In addition, banks often require a bank statement on which our income from salary is.

Sometimes it happens that the employer does not want to fill out a bank print with information on earnings, then we will be informed that we can provide other documents confirming our income. However, they must be certified by the employer. They should also contain information on average income, form of employment, position held and the time for which we were admitted to work. Generally, that’s half the battle, if of course we get such a document or documents. Now that we have it, we must now proceed to a “language agreement”.

Language agreement

Language agreement

Most banks require all documents to be loaned to be translated. If the documents are in English or German, there is usually no problem. If on the other hand, they must be translated. A sworn translator is needed. This is not a free service, so before you start translating, it is worth first to find out whether we will get a loan at any given bank. Here a credit counselor does his job. This is a job in our favor, because if the bank will not talk to us, paying for an interpreter makes no sense. Since we are on our way to obtaining a loan, we should try to get a document that allows us to work, namely: work permit. In this case, a copy certified as true copy by a bank employee is sufficient. No less important is your credit history.

Abroad, it is the borrower who has to prove his solvency, i.e. apply for such a print – the equivalent of Polish BIG. Although an employee working under an employment contract / contract should not have problems obtaining a loan abroad, the situation is different with entrepreneurs. Banks are reluctant to grant credit to citizens conducting business activities outside their own country. Here, the company’s financial documents, registry documents, and permission to conduct such activities in the country in which we apply for a loan are already required. It is not all that complicated, but it requires us to take specific action and pursue our goal.

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