There are many different options when it comes to borrowing money. Not only in forms of credit, but also in amounts of credit. At Good finance you can borrow money from $ 5,000.00. Do you want to borrow less but do you already have a loan? Then of course you can always submit an application to us. We will be happy to look with you at the options for an affordable loan.
Borrow 100000 USD or even more.
Factors that determine how much you can borrow
There are many different factors that determine how much you can borrow. The most important here are the ratio between your income and expenses. These determine to a large extent how much you can borrow. The VFN guidelines are used for this. The higher your income, the higher the lending norm. Up to a certain maximum amount.
Fortunately there are still exceptions for this rule. If you have more credit than you can actually borrow according to current standards, the bank can make an exception. They can do this on often better terms. The reason for this is that there is much more thought in the interests of customers.
Can I calculate how much I can borrow?
It is possible to make a calculation yourself to see how much you could borrow. However, because banks look at more than just the calculation, we have chosen not to include a calculation tool on our website. We are happy to calculate what you can borrow. You can easily get us to work by completing a request. We immediately check what the options are for you. This is of course always free of charge and without obligation. Borrowing money must remain fun. Good finance takes care of this.
Do you want to know what we can do? Then apply for your loan.
A part that is less transparent is credit scoring. We will try to explain this to you as well as possible. If you apply for a loan, this application is “passed through a system”. This system calculates the number of points that your application will receive. The more points, the better the proposal that you get from the banks. A number of factors that are important for the application include your living situation.
A home for sale scores better than a home for rent, and a home for rent scores better than someone who lives or lives at home. The level of your income is also important, and the length of your employment. All in all, there are around 35 different factors that require attention.