When The Bank Refuses To Grant A Loan

Generally, for a loan, we go to the bank. Today, however, we can receive it not only in such an institution but also in non-bank loan companies. What loans are offered non-banking? When is it worth using them? What conditions must be met in order to receive funds?

In banks we have a wide range of cash loans, as well as other products, for example, such as credit cards, car loans, mortgages for building a house or flat. We can also take loans and loans for business, which is for the company.

Currently, however, banks are not the only institutions in which we are able to receive a cash loan. On the heels of them are also getting increasingly popular non-bank loan companies that operate both on-site and via the Internet.

Non-bank loan companies are often chosen by those who received negative loan decisions at banks. However, it is worth pointing out that they are a good choice also in themselves and allow you to get financing even faster and on better terms than at banks!

One of such non-bank loans is the installment loan from Aasa – thanks to it you can get instant payment of money for any purpose. The offer is addressed to both individual and business customers. All you have to do is apply online!

For all those who are looking for an alternative to loans offered by banks, we have prepared a special guide that allows you to select the best non-bank offer. What should you pay special attention to?

Cash loan in the bank – basic information

Cash loan in the bank - basic information

Bank loans are among the most popular ones. We will receive them in practically every bank – both in stationary establishments and via the internet, without leaving your home or office.

Cash loans offered by banks are loans for any purpose. The client does not have to indicate what he intends to spend the acquired funds for, therefore, it remains entirely within his control.

Money can be used, for example, for:

  • shopping, for example on household appliances, electronics, furniture and others
  • holiday trips, trips to work
  • real estate renovations
  • treatment in private facilities
  • party equipment, such as weddings
  • repayment of bills and other debts

Thus, a bank loan in the bank allows you to finance practically every customer’s expense.

The amount of the loan is quite individual and depends on the client’s creditworthiness, which in turn consists of a number of factors. For example, the maximum loan amount for a person achieving the minimum wage is PLN 10,000 to PLN 25,000, while for a person earning more than PLN 100,000.

At the same time, the repayment period is very important – the longer it is, the loan installment is lower. With longer repayment periods, we are therefore able to borrow more, but we also have to take into account higher borrowing costs resulting mainly from interest rates.

Bank loan – who can get it?

To receive a bank loan, the customer must meet certain requirements related to the offer. Most often, we can get acquainted with them even before submitting a loan application, directly at the outlet or on the bank’s website.

In general, banks have more demanding requirements than most non-bank loan companies, so it may be more difficult to obtain a cash loan in them. Which requirements should be met then?

The basis is adequate creditworthiness

The basis is adequate creditworthiness

The most important thing when applying for a cash loan at a bank is to have adequate creditworthiness because no bank will give the customer a loan hastily.

The creditworthiness is the ability of the customer to repay the incurred liability consisting of capital and additional fees (interest, commission, other costs) within the prescribed time.

Creditworthiness analysis is divided into:

quantitative analysis – analysis of the financial situation of a potential client, including its income, its sources and regularity, monthly maintenance costs, currently held debt

qualitative analysis – is an analysis of the client’s person, including his age, marital status, number of dependents, education, position held, seniority, housing status

The credit history is also important, which refers to the client’s existing loans and credits, including credit cards and debits held by him. When specifying it, data from BIK – Credit Information Office are taken into account. Banks may also use BIG databases, ie Economic Information Bureaus, such as KRD – BIG Domestic Debt Register, BIG InfoMonitor, and ERIF BIG.

Therefore, adequate creditworthiness is the basis for considering a loan application at a bank.

A bank loan also without a certificate from the employer

It is also worth noting that to obtain a bank loan, we do not need to present a number of documents, for example a certificate from the employer about the income obtained.

In the case of smaller amounts of cash loans, for example up to PLN 10,000, depending on the offer, the bank only checks the customer at BIK. When information about him is positive, then you can get a loan right away.

Regular bank customers who apply for on-line or stationary loans may receive a higher cash loan limit. The bank then has access to information on their income and expenses from the account.

Thus, a bank loan can be obtained practically immediately, but only if we meet the relevant requirements.

When does the bank refuse to grant a loan?


It may therefore happen that the bank refuses to grant a loan to its client. This is not a rare situation, because, as we have already mentioned, banks are quite restrictive about clients who apply for funding.

It may therefore happen that even if we have a source of permanent earnings, we earn a lot, we do not have debts, the bank will issue a refusal. In which situations does this happen exactly?

Most often, banks refuse to grant loans when:

  • the customer does not have sufficient creditworthiness
  • the customer has or had problems with timely repayment of obligations
  • the client does not meet other bank conditions

What exactly is behind these reasons for refusal? If we get to know them, we can reduce the risk of another rejection of the application, but this is not guaranteed.

Lack of sufficient creditworthiness

As mentioned earlier, the creditworthiness tested each time by the bank consists of a number of different factors, including earnings and expenses.

When we are unable to present sufficient capacity in the bank, we will receive a refusal. The bank may then ask us for confirmation of the employer’s certificate or contact him directly, or it may require the presentation of an account statement or other documents stating the income obtained.

If we earn very little or too much, but we have high other expenses at the same time, for example we pay off other loans and loans, we have a large family, our creditworthiness will be assessed as low and we will meet with refusal.

No positive credit history

Cash loan in the bank - basic information

The second important issue is the credit history contained in the BIK database and data in other databases – BIG.

If in the past we did not pay any obligation on time or we did not repay at all, then for the bank it will be a signal that we are not trustworthy customers and thus we will receive a refusal.

Banks put a lot of emphasis on credit history, so even a slight delay in repayment may result in the application being rejected.

Failure to meet other bank conditions

In addition to adequate capacity and credit history, banks also have different requirements for their clients, for example, they may refer to their age, education and position, housing situation. So if we do not meet the bank’s other conditions, we can also meet with the refusal.

The bank often simply does not indicate what is the reason for the rejection of the application, so it is sometimes difficult for customers to determine exactly what caused the failure to provide a cash loan. In this situation, is it necessary to accept that financing can no longer be obtained at all?

If not a bank, then what?


Fortunately, not only banks can provide cash loans because we can get them from other lenders as well.

Generally, a loan is a contract that allows us to raise money from private individuals as well as from entities such as companies. We can get a loan from the family, from friends, but also from private individuals, for example in the form of social loans.

However, let’s focus on one offer, namely non-bank loans offered by non-banking loan companies such as Aasa. These are the most-chosen offers when the bank refuses to grant a loan.

We have a full range of non-banking loan companies on the Polish financial market that operate both on-site and via the Internet. They offer their clients fast, convenient and cheap cash loans that can be used for any purpose.

Non-bank loan companies offer mainly:

  • weekend payday loans
  • installment loans

Each of these loans has a different specificity, which also affects its maximum amount and the repayment period. They also differ in conditions to be met. It is worth pointing out that we can apply for them both on-line and online, so you can also get them without leaving your home.

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