Changing our financial situation, excessive amounts of loans – all this can cause difficulties in paying them off. Many banks have the option of taking advantage of credit holidays or extending the loan repayment deadline. However, to apply for such support, you need to check what documents are needed to apply for a change in the loan terms.
Our life and financial situation can sometimes change even on the day of fillings as a result of a serious illness, accident or job loss. Although none of us controls it, unhappiness does happen. How to deal with a loan in such a situation. The bank offers various forms of support, e.g. credit holidays or extension of loan repayment.
For more details on this topic, see Problem with loan repayment – check what to do. And what documents are needed to apply for a change in credit terms? Also check what documents are needed to obtain a loan.
Proof of income
The bank will want to know the amount of earnings achieved by the borrower. The certificate must be issued by the employer on a special form that the bank will provide.
In this case, the bank may require that the confirmation of income for the last year or the last three months be printed. At other banks, the borrower can only submit a declaration.
Copy of the settlement with the Tax Office
All banks also require attaching a PIT for the year preceding the submission of an application for changing the loan terms. Of course, it is enough if we only submit a copy of this print in the bank. However, the bank will accept this document provided that it contains the stamp of the relevant Tax Office, which confirms that we have actually filed the PIT.
We complete the application
After collecting all the loans required by the bank, we can now apply for a change in the loan terms. Most of the banks operating in Poland have their own model of this document. Some banks have these forms very simplified, while in others it is just the opposite.
Regardless of the formula, we will have to update the data on our current financial and professional situation in each one. The bank will also require that this application includes our current personal data.
If we have difficulty paying back the loan, we will certainly be able to overcome this embarrassment. However, contacts with the bank cannot be avoided. The sooner it starts working, the greater the chances are that we will be able to find a solution with the bank.