Common documents include an ID, proof of income, bank statements, and sometimes proof of residency or information about the asset to be financed.

The interest rate is the cost of borrowing, expressed as a percentage of the loan amount. It is determined by a variety of factors, including your credit profile and market conditions.

The main risks include over-indebtedness, the negative impact on your credit if you don’t repay on time, and additional costs related to interest and fees.

Contact your bank to understand the reasons for the denial, correct any issues identified, and consider re-applying for credit later once the issues are resolved.

Improve your credit history, reduce your existing debt, and make sure you have a stable income before you apply.

Yes, most banks allow early repayment, but fees may apply. Check the terms of your credit agreement.

You submit an application, provide the required documents, the bank assesses your creditworthiness, and then you will receive a decision about whether to approve or deny credit.