Are you looking to buy your own home but worried you won't qualify for a mortgage? Do you want to secure the most advantageous loan terms? One straightforward way to boost your credibility in the eyes of a bank is by building your credit history.
Banks must carefully consider who they can grant a high loan amount to and who they cannot. This protects not only their own funds, but also the funds of their clients. The bank wants clients who can demonstrate the ability to repay loans because otherwise, they will never recover the full amount of their investment. Clients who may struggle to repay a loan are less likely to be approved. This can sometimes evoke negative emotions. Imagine, however, getting a mortgage only to realize later that you're unable to make the payments. In the end, you could still lose the dream property. That's why it's better to carefully consider whether the loan might burden you too much.
Records in registries are a handy tool. They allow the bank to easily check your payment behavior. It's not true that the bank values a client who owes nothing anywhere the most. The bank most values clients who can demonstrate the ability to repay all their loans smoothly. So, don't hesitate to take out a car lease or buy a washing machine on installments. On the contrary, if you repay promptly and on time, the bank will view you as a reliable client.
If you plan to apply for a mortgage in the future, try first with a smaller loan to see your repayment capabilities. When you manage to repay the loan properly, you'll receive better terms for your mortgage
Get a detailed overview of all your commitments in the CIBR and NBCIR registers, creditworthiness assessment, and receive alerts of changes.
Increase your chance of getting a mortgage or loan by checking your information in the registers and finding out your rating.
Check your data regarding credit products and their repayment progress with banking institutions in the Banking Register.
Check your information about financial obligations and the progress of their repayment with companies in the Non-Banking Register.
You will have online access to all listings and services after registering at the portal. Everything can be carried out easily from the comfort of your own home or office.