Surely you’ve ever received a call from a bank or an email announcing that you have a loan or a credit card that has been approved by the financial institution. But what does this really mean?
Pre-approved loans and cards tell you that the financial institution has already “done its homework,” that is, evaluated your profile and determined that you are a good candidate to access a loan for a certain amount or a card with a specific line of credit Believe it or not, this can be very beneficial for your finances and here we tell you why:
Banks see you with good eyes
Before pre-approving a credit or card, financial institutions must evaluate the client’s profile and determine if he is a good payer or not, since they cannot risk generating losses. Having a pre-approved loan or credit card is an indicator that you have a good financial reputation.
If you need them, you can access them in less time
To be disbursed or the card sent. That is, you will not have to wait for the regular deadline, but you will be able to access these products much faster.
Over time, the options improve
If a card with a line of two thousand soles is pre-approved today and your finances continue to perform well, in the future, the pre-approved line of credit may increase, and the same with the amounts offered in personal loans.
Something that you should also keep in mind is that being considered by the banks as a good customer shows you that if you want to access more financing products such as vehicle or home loans, you have a better chance of getting it.
Know right now where you have a preapproved loan or a preapproved credit card.