How many months statement of account does one need to get a loan?

[Min George]

I know that there is a need to submit the statement of account when a person wants to apply for a loan. Like how many months statement of account is necessary for a person to submit to get a loan from a financial institution?

 

[Springtime]

Here, that depends on individual bank's policy. Some may require three months, some need six months. But other than statements, they also need to check your credit rating.

 

[eLdavis]

I think it mainly depends on the bank or wherever you want to take loan from. They might request up to six months or more.

 

[Suba]

Individual or small business loans generally require a minimum of three months of account statements, while corporate or working capital loans require at least six months.

 

[Min George]

For some banks, they always require account statements that are up to six months and some require three months.

 

[Trush Jodie]

I think even online banks require that one should have an account with the to be able to access their loan facilities.

 

[kit_hung]

I know that there is a need to submit the statement of account when a person wants to apply for a loan. Like how many months statement of account is necessary for a person to submit to get a loan from a financial institution?

If you want a loan, most financial institutions ask for three to six months of bank statements. This helps them see if you have a steady income and how you manage your money. If it's a bank, they often want to see if there are regular transactions and no unpaid debts. But not every institution has the same requirements, some look for up to a year. It's best to ask specifically when you apply. Remember, having a clean financial record increases your chances of being trusted and getting a loan easily.

 

[Trush Jodie]

Any person that wants to get a loan of six figures in my country should prepare to submit an account statement of six months to get the loan.

 

[Augusta]

I think most banks want you operating with them for at least 6 months. So you should bank with them for that period of time