Bank loan for UK nationals

Do you have any experience of trying to get a bank loan.

I approached a bank for a loan in order to install heating plus radiators in my house. The first bank (I don't have an account with them) were helpful and went through all the figures and were made aware of my income, transactions etc from my other bank account and two small loans one to finish in three months and the other next year. I have an monthly job income plus a UK state pension (paid into another account) and a workplace pension which they could see from the transactions. After some checking with their computer they said that they couldn't give me a loan because my workplace pension does not say that it is a pension on my bank transactions and that in these circumstances I could only rely on my job income and the UK state pension which are insufficient income for a loan. I confirmed that I can produce a letter to say that the workplace pension is indeed a pension which is paid monthly and that I will continue receiving it for as long as I live. They checked the computer and and said they still couldn't accept a letter from the UK showing that this is a pension. (I think my account shows this payment as a monthly payment but doesn't actually describe it as a pension payment)

The second bank said after a short while that I had to be Polish to get a loan and that there was no way of telling whether I would leave the country.....(I have lived in Poland for over 8 years and own a house and have been in continuous employment teaching English...I have no other property anywhere else...and have only returned to the UK twice in 8 years)

I have residency in Poland and duly produced my card. Not sure what other UK nationals do when they need a loan?

I have never taken a loan in Poland and never will but still keep an eye open in case........I do check my BIK score though very often and most banks require that,BIK keeps a live record of credit card transactions and payments too.I learnt that the banks lately depend a lot on that report in Poland.

Open an account with them for 129pln a year,and attach the report with your documentation if the score is at least average(over 50).

The problem is that if the guy never took any loan in Poland, doesn't have a credit card or overdraft limit, then the BIK report will just say that they cannot establish his wskaźnik. The BIK rating, however, is not neccessary to obtain a loan.

My wife and I paid off our mortgage more than 5 years ago (BIK is only interested in loans newer than 60 months), we don't use credit cards (only debit ones) and we don't have overdraft limit (Dave Ramsey style lol). BIK says they cannot establish our credit rating (I checked after the last loan was paid off). Of course, banks see our income and they keep offering us loans but we keep telling them "no, thank you". That's why this thread is surprising to me. I never knew it's so difficult to get a loan if you're a foreigner, even with regular income. I bet it's different with EU-nationals, so that's probably another thing that Brexit messed up for UK citizens. :-/

True,everywhere that happens,I have a citigold credit card that I use in Poland and same here in the US.You have to use credit card at least to establish your creditThe credit rating agencies here mandatory swipe off30/50 pts in the US for not using credit and I bet the same in Poland too.Pay it back in full with automatic transfer and it dont cost you nothing and it builds your credit.

I never use debit cards and thats why I get in problem with lokata in some banks as they want me to use there debit cards 2 to 5 times a month or lokata is invalid.

Yes, and it's absolutely ridiculous.

The best rating would be a result of having multiple loans and paying them off on schedule, using credit cards regularly and having a generous overdraft limit. Then, thanks to your high credit rating, you can get another loan (with interest, provision, insurance etc.) and increase your cc and overdraft limits.

In other words, people are being rewarded with higher rating for being financial retards. :)

Of course, there are also people who fall behind with their installments, keep carrying the balance on cc making only minimum payments, and keep using their overdraft limits. Such cases are beyond retardation, but that's the trap so many fall into.

There's Oppenheim Kredyt in Warsaw, mostly a mortgage broker who have arranged mortgages for people (including from the U.K.) without a credit history in Poland.

As far as I know, they also arrange other credit.

krzysztofoppenheim.pl/

I wonder what rate would they get without checking history for high risk,non secured loans.Last I heard in Poland was 40 to 60% lol and I am sure as Lazarus mentioned in other thread they have 4 youths with pliers employed on full time payroll.

I love these brit sh.its looking for easy street always.

I know people who've had more than one mortgage from them. People who have a verifiable credit history abroad and a decent amount of money going into their bank each month here.

Just an update on my quest for a loan.

I have been to a number of banks now requesting a loan and each bank have given separate but individual reasons why they cannot give me a loan. 1) I'm not Polish (I was told this by the bank clerk) 2) I am not known by the bank (need to have a bank account with this bank for at least 3 months) 3) Most of my income originates in the UK (my pensions) so that is seen as a problem presumably 4) Cannot accept a letter in Polish describing my main workplace pension as a 'pension' (on my bank statement there is just a description but not the actual word 'pension'. It can be seen from my bank statement that since arriving in Poland 8 years ago this has been a regular monthly payment.)

I am well able to afford the monthly payments and my affordabilty has never been raised as a problem by each of these banks so I am surprised that this is so difficult for banks to process. I have lived in Poland for 8 years now and have never had any problems with my bank account...I pay taxes...have been working for two English language schools since 2016 and continue to do so....have an approved residency card....own my own house (no properties and no financial interests in any other country incuding the UK)

On a separate note, I also recently decided to buy my wife a new laptop and RTV said that I couldn't make use of their interest free payment scheme for the laptop because I don't speak/understand Polish, even though my wife is Polish and could have told all about the implications of signing a contract to buy a laptop. (I sort of understand what happens if I do not keep up repayments on something, having bought a number of houses over the years including two in Poland)

Yes...I do need to improve on my spoken Polish but wonder why getting credit so painfully difficult. Are they hiding behind the mask of Brexit..or do they think I may return to the UK and not honour my loan...? I would think that anyone Polish or otherwise could leave the country and avoid meeting repayments so this would be a weak argument to refuse a loan. I've said enough.