How do I know if I qualify for a bank loan in Peru?

At some point in our lives we may need to request a bank loan in Peru, but is getting it that easy? There are a series of requirements that must be met to qualify for a loan, here we tell you more about it.

Requirements to apply for a bank loan in Peru

Bank loans can be the financial solution what do we need. They are used for many things, for example, starting a business, financing a career, making purchases that we need for the home, planning a trip etc. But to achieve this, regardless of the requirements that each bank requests, certain basic conditions must be met, which we will mention below:

requirements to access a loan

Be of age

The first condition to be a candidate for a bank loan in Peru is that we are of legal age. The age range for those who qualify is between 19 to 70 years old. Some financial entities may request that you even be older than 25 years.

Minimum income

Second, we must demonstrate to the bank that we have income with which we can meet the payment of the monthly loan installments. The minimum income that is requested is 700 soles, although in some banks it may be 1,000. Everything will also depend on the amount we request.

Stable work

The bank will seek to ensure that you can pay the debt you acquire with them, therefore, you must also verify that you are working in the same company for at least the last 12 months. In the event that you are an independent worker, you will need to verify your income for the last three months and provide your affidavit, of income tax, for the last two years.

And what if I don’t qualify for a bank loan in Peru?

Finally, if you do not qualify for a loan in Peru, it may be due to one of the following reasons, in addition to the above, or you do not have a credit history yet or you have a negative report in credit bureaus, for example, you have had a Lawsuit for debt in Peru.

If you have a negative report, and you have already paid your debt, at alDía we can help you thanks to our REINSERT program, with which you can improve your credit rating and be a candidate for better loans and credits in Peru. Contact us for more information!

See also  Einblick hinter die Kulissen | das finanzkontor - Finanzberatung für Frauen

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