3 Occupations That Finance Companies Like and Are Super Easy to Approve!

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In this era where borrowing or applying for financing to buy a car has become normal, loan approval is not easy for everyone because finance companies often assess the risk from many factors, one of which is the occupation of the loan applicant. Previously, Motorist introduced you to 3 "Risky" Occupations That Make Finance Companies Hit the Brakes on Loan Approvals. In this article, Motorist will tell you 3 occupations that are the easiest to get finance approvals. What occupations are they? Let’s take a look!

Civil servants and state enterprise employees

Since civil servants are a profession with a stable and clear income, there is a very low risk of unemployment. In addition, receiving a salary through a bank makes it easy to check financial history, so there is a very high chance of loan approval. The same goes for state enterprise employees who are equally stable. These professions are considered to be the professions that finance companies like the most and will approve loans within just a few hours.

Private company employees

Private employees are seen as a profession with a stable monthly income. They may also have additional income such as overtime pay, annual bonuses, commissions, etc., which increase the chances of being approved. Especially if working in a public company or a company with a national reputation, the chances of being approved are even higher.

Doctors and medical personnel

Similar to civil servants and state enterprise employees, doctors and medical personnel are considered professions with relatively high and stable incomes because they have overtime pay, shift pay, commissions, etc., and there is almost no risk of unemployment. In addition to stable income, medical personnel also have a good image in the eyes of finance companies, which helps increase their credibility.

Loan approval does not only depend on income, but also on career stability and debt repayment ability. Civil servants, employees of large companies, and medical personnel are often easily approved for loans because they have additional factors that financiers consider “safe” and “reliable”. 

If you are in these occupations, your chances of getting a loan approved will definitely increase!

Read More:  3 "Risky" Occupations That Make Finance Companies Hit the Brakes on Loan Approvals

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