Loans for foreigners


Foreigners working in the country receive a loan only if they have a permanent residence.

The country is becoming an increasingly attractive country for foreigners not only for tourism but also for work. And it is not only with locals who work on construction or in service. We also have professionals from Western Europe. People from abroad have been working here for a long time, some of them will settle forever.

Over time, many of them deal not only with sublease, but also with their own housing. lender investigated what chance foreigners should get a mortgage or consumer loan in banks.

Same conditions

Same conditions

First of all, a foreigner should work legally in the country and pay taxes. When working on black, no bank will give him a loan.

The Bank will also be interested in his stay – ie whether he is resident in the country or only temporary.

If a foreigner resides in the country, lender treats him as much as he does to citizens. Those foreigners who do not have a permanent residence in the country can only get credit for an exception. 

If the loan applicant (foreigner) does not have a permanent residence or residence permit in the country, he / she can say goodbye to the mortgage or consumer.

More papers

More papers

If an alien passes through his permanent residence screen, which is not at all common to have, he may look forward to the fact that most banks will assess his creditworthiness as he does for an american.

The documents required depend on the type of income and type of stay in the country, not whether the applicant is a foreigner or not. Nationality is not documented. All applicants, regardless of their nationality, are assessed according to the same risk criteria.

This means that the bank will mistake it, for example, in the credit register , or whether it has missed repayments on older loans in the past. According to experts, it may happen that the bank also asks for an extract from the credit register from the country where the loan applicant comes from.

By default, Bank asks foreigners for two photo IDs, such as a passport and a driver’s license or ID card.

For example, income must be evidenced by statements of account for the last three months in the case of employment at home or abroad. For entrepreneurs, this is the last filed tax return and tax receipt. “If the client’s income can be verified in the Social Insurance Agency, he / she does not have to prove any documents. In case of income from dependent activity, the income is verified as the average for the last 6 months in the Social Insurance Agency.

The information provided shows that, when granting loans, lender does not distinguish whether the applicant-alien is from the EU or from third countries. They only care about the applicant’s permanent residence.

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