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Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

What would you expect?

They cant just grant you a loan just bringing your school certification or something in related which is totally understandable and common sense.These institutions wants to be securing out whenever they do grant some loan into someone.In case that they wont be able to repay then there's still something that they could sell back for them to at least to patch up those losses which those lendors did make.
This is why you coudlnt expect that they wouldnt really be that strict on giving those loans without any solid collateral and lastly, who do give out the idea for you to take some loan
with having that kind of idea?  :D

Banks don't just accept any and all collateral; if what you present to them as collateral is below the amount you are requesting for borrowing, they won't even accept it. 

And if by any chance what you tender as collateral is depreciation in a valuable asset, let's say a landed property, and those areas are no longer being developed or something crisis-related happens, they will probably contact you for other collateral or ask you to pay back the debt if you can't, they will have no choice but to sell off the property as it will be part of the lending agreement between you and them.
 
So if you need any loan from Bank you have to bring a very solid collateral, the higher the worth of your collateral the higher your chances of getting the loan approved. 
It's just business as usual for them. 

You've talked to a bank and that means that it depends on what they're valuing and that's common when you ask a loan to them. There have been non-collateral loans on them but the amount you can loan is minimal and that's what you should have loaned instead of what you've asked for.

It's not a surprise that they've asked you for a collateral and with that amount, they want a collateral that has a higher value and amount from the loan you're asking them.

If you default the loan they can't make money from those certificates but they can sell the assets in auction which you gave them as collateral which makes there is no loss for banks even if you failed to payback.

However there are different types of loan and some of them doesn't need collateral like personal loan, credit cards, etc when you default it's a loss for the bank but the credit score of your will drop and you can't take any loans in that country anymore.

Would you lend someone you don't know money if all they could offer as security were school certs? How is that even a security?

In the vast majority of cases you wouldn't even need any collateral if you had full-time employment. Using land/house as collateral for a small loan of $2,300 is a massive overkill. The legal costs of drafting such agreement would make it too expensive.

If you need that money for something constructive, that can yield you an income later on - just speak to family and friends. That's usually the best and cheapest option (and, in your case, probably the only available one).

Banks are more strict than your know, they have a lot of credit investigation before they release any fund because that is their protocol and you have to accept it. Opening an account with bank is also not easy in my country, fortunately Bitcoin created or else many will still have no access to financial institution and will remain on a traditional option, which is for a slow remittance.

English not being your native language I had a bit of a difficult time understanding what you were trying to convey here, but I think I may have the gist of it.

Banks CAN loan you money above their security measures.  It's just all about whether they want to or not, or if they don't think that someone or a business would be a good investment for them.  Let's not forget bank loans aren't just them being nice, it's all about an investment on their behalf. 

So physical properties, education, bank rules and stipulations etc etc all factor in to the equation.

OP, just like @dunfida said, banks need good collateral that can be resold to cover their loss if you are unable to repay the loan. Your certificate is very valuable because, without it, you can't get employed by any company. You definitely would need to tender your certificate (for hiring) before the company to which you are applying for a job would hire you. So the bank has nothing to do with your certificate; they cannot use it to get employed in any company because the certificate contains your details and only you can use it. So don't blame it on your certificate; it has value.

a loan of 23000$ is a large amount in my country and needs a collateral like what you said,
sorry for your school certificate it cannot be a guarantee in a bank loan
even in small amounts, collateral is needed in the form of a business license and even that must have stages starting from 100 $ for loans if the payment criteria are good, it will increase periodically to a maximum limit of 500 $

A school certificate is not a requirement for borrowing money from a bank, of course it will be rejected.  That's what I know, but for the requirements for applying for a job.  maybe it will apply if you borrow from a pawnshop or mortgage it to a pawnshop.  Banks require collateral, it is not easy to apply for a loan, large or small loans definitely require land, home or business certificates and you can also use vehicle certificates.  hill income or salary slip

No bank will ever survive if they will grant loans simply on the basis of school certificates. LOL! It doesn't give them any security. What if you don't pay your loan? Will they recover their losses out of your school certificate? What are they going to do with it? Can they sell it at the exact amount that you borrowed from them? Come on, man! You cannot expect this to happen.

On the part of education having no real value, if you are referring to monetary value, it may not have it. But it is wrong I believe to think that education's value is monetary, although, of course, you can earn and make money out of your university degree or whatever.

Let me ask you this then. What does your education guarantee them? Does your certification from your education worth $$? This may be rude but we are no longer in slavery period in which you can use your body as your collateral. In this age slavery is illegal but you can sell your body to a company and become a corporate slave (that's legal), this an option too.

They need assurance and that is really the protocol. Also it doesn't mean that your certificate has no value, it has value for you as you treasure it and hard time to got it but it doesn't mean  that you can sell it off as it has no price value that is why they needed something assets that can bank sell of to others if you can't repay your loan. But still yiu can take a loan as long as you are working just give them proof

indeed, when you want to borrow money at a bank, generally all banks have conditions like that, there must be a guarantee commensurate with the money to be borrowed, the reason is because the bank is afraid that the borrower will run away and not pay. so collateral is the key to the padlock from the bank for customers who borrow money. those without collateral are unlikely to be able to borrow money.

that's what I know from the experience I've been through, and I don't want to borrow money from the bank anymore, the reasons start from the interest which is quite high and the strange thing is that I used to become addicted to borrowing money from the bank.
but what is certain is enough for me to borrow money at the bank.

and the problem is you want to pawn your school certificate at the bank, the bank will definitely not accept it. because the bank cannot sell your school certificate when (for example) you are in arrears or you are unable to pay.

Banks have a responsibility to minimize risks in providing loans to their customers. One way is to ask the borrower for collateral, such as property, land, or other investments. In your case, the bank may have determined that your school certificate does not provide sufficient collateral to support your loan request of $2,300. This does not mean that education is of no value, but in the context of lending, banks prefer collateral with clearer and more measurable values, such as property.

However, that doesn't mean the bank will trick you before giving a loan. As a customer, you must understand that banks must consider many factors before providing a loan, including credit risk and your ability to repay the loan. In addition, banks must also comply with the rules and policies set by regulators and related authorities.

Personally I prefer when banks are tighter with the money than when they are incredibly loose and they give money to anyone that ask, you may think that is unfair but banks do not loan money out of their kindness and goodwill, they want to earn money and if you cannot show that you can repay the loan or have a collateral big enough to give them a guarantee they will not lose any money then they are within their rights to deny your request.

Let's say you failed to pay back your loan and the debt collector already give your warnings for many times, the advantage are on your side because it's up to your decision to pack back the loan. The bank agent need a valid collateral e.g. house, land or any asset because they can sell your asset anytime at the worst case, do you think the banks doesn't make any money to give a loan?

If you think banks are unfair for asking such collateral, you can ask a loan in this forum [1] and give your school certificate as the collateral, I believe 100% any lenders will reject your request.

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[1] https://bitcointalk.org/index.php?board=65.0

If you had money, would you be willing to lend money to a stranger without collateral? You will do the same thing the bank did to you. The way you present your statement, I smell that you are criticizing education when you are failing yourself. Instead of blaming the education or banking industries, look at yourself and what got you into that predicament. Many people always blame the government and banks, but when it fails, they run to the bank for help. Those things contradict each other.

There are cases where it is not needed. If you have been a customer of the bank for a long time, and you have a stable job, they can give you that amount without collateral, at least where I live.


There are many aspects of banks that I don't like, but asking for collateral is normal if they have doubts that you are going to pay back the loan. Check out the lending section of the forum. It's the same thing. Someone who is low rank won't get a loan if they don't give collateral. High rankers who participate in signature campaigns are usually given a loan because they have a repayment capacity and because if they don't repay the loan they would be red tagged and would lose their ability to participate in signature campaigns.

A few days ago I went to the bank for a loan and asked them what documents to submit for the loan.  Then I was asked to submit any document of my property or any document of my own house or any institution.And they also say you need to keep active transactions with our bank for 4 to 5 months.  Banks will not give loan based on school certificate.If you always think about the value of education in financial terms, you have to think about the value of education differently.  Their guarantee is the only asset document and that is actually the protocol for making loans.$2,300 is a large amount to never pay based on your certificate.  So you must follow their protocols to take loan.

Banks and financial institutions often require collateral to cover the risk of your loan. Common collateral includes homes, cars, or valuable investments like stocks or mutual funds. However, owning a certificate of study is not considered dynamic collateral, as it is not valid enough to secure your loan. This means you need to look for other assets to secure your loan.

If you want to get a loan from a bank or financial institution, you need to meet the salary, property and credit profile requirements. But you may also be confused about material relationships in life, and money should be viewed as a tool to bring balance to life. And do not bring your own thoughts to equate everything is working like that.

You're missing the point, buddy! The bank won't lend you money even if you have a nice paper. They want to see your dance skills. You're worth it if you can dance. School, right? It's pointless. Quit your job and become a TikToker!

But seriously, schooling is crucial for personal growth. You learn to think critically and communicate well. It's a terrific opportunity to meet new people and learn new things. Don't dismiss school, my friend. Though it won't make you rich, it can improve you.

It's funny, OP, who does that for Christ's sake, using a school certificate as collateral to get a bank loan? If you could use the school certificate to get yourself some groceries, it might be accepted. This is just one example of how it is not what you have on your certificate that is important, but what you can offer from your brain when called upon to solve a problem. Education is a part of you, but it is not what defines who you are.


Those stringent measures are what keep them in business today; if there were fewer rules or regulations on how to obtain a loan, they would have gone bankrupt within a short period of time. Will you approve a loan with what you brought as collateral if you were in their shoes?

The irony here is that plenty of governments will provide loans out for educational endeavors without realizing the educational institutions will raise their prices knowing that they have a young population that can be locked into a life long loan commitment with unlimited funds from the government. Perhaps the bank is doing you a favor, in the U.K. and U.S., students will graduate with tens of thousands of dollars in debt. The modern education industrial complex is a profitable endeavor depending on which end you're on.

Banks aren't entitled to give you a loan without valid collateral. An educational certificate represents earning potential, it isn't a guarantee.

doesn't the bank really need collateral to give a loan to someone? and well of course a school certificate can't be a guarantee. because if you can't pay off the loan to the bank then what can the bank do to get their money back. there's no way they'd confiscate something they couldn't turn it into cash. Suppose the bank confiscates your school certificate. then what can the bank do with the certificate. none at all. a guarantee that the bank wants, of course, that has value and can be sold. so if you bring your land or house certificate, the bank will gladly accept it. because if you fail to pay off the loan, the collateral for the land certificate can make them confiscate the land you own and sell it to pay off your loan.

I think this does not mean they do not value an education. but educational certificates only become valuable when they are held by those who have the name on the certificate itself. and there's no way someone else will use the certificate in someone else's name.

but I think sometimes the bank does want greater collateral than what we borrow. for example if you have a land certificate and your land selling power is $100,000usd. then try to take it to the bank so that what you can get to borrow with the guarantee of the land certificate may only be 40-50% of the value of your assets. correct me if i'm wrong. because I never borrow from the Bank. but my parents used to do it. so I see things like that quite often.

What you explain is actually quite valid because banks usually look at assets that are easy to sell when they want to provide loans to their customers. And usually it consists of land assets, buildings such as houses, rice fields, and also private vehicles with a publication year that is not too long ago. All of this can be used as collateral by the bank if the customer is no longer able to repay the loan at the time determined by the bank itself.

Other conditions are also looked at in this case as you said where the bank will also see how much the customer's monthly salary is, which means the bank also wants to know where someone works so that they are confident in giving the loan. Because basically the bank also doesn't want to lose in this case, so apart from wanting to make a profit, you also have to look at the profile of the person who wants to lend them funds in more detail.

You sound very naive about how the world works and have a lot to learn, if anything about your story is even true. You are either taking a personal loan, which means that you are borrowing money and the bank has to trust that you will return the capital along with a fair payment on top - they are not working as a charity, their business is to make a profit between deposits and money lent out. Alternatively you might be seeking backing for a business, in which case your education (or school certs as you put it) could play a small part in showcasing your competency, however you will need a business plan to go with it that outlines what you intend to do with the borrowed money to make a profit.

Exactly. There's no sense on giving out a loan on someone who do just present up some school certificate which same as you do said that they wouldnt really be having assurance or simply the security.
They cant just give and grant out loans without having those strict compliance of requirements or something that been needed. We do know on how banks do works and whats their process.
You do just make yourself that look like a fool on going into this place and just taking to have some loan but dont offer something as a valid collateral.
You wouldnt really be able to get on no matter what.

That's true, but on the 2nd thought, OP might have a chance of getting few thousands of unsecured loan from a bank if he was to open a business account for his new "startup".
I remembered from years ago, when I was opening business account in a branch, they were almost forcing me to take a business credit card with (if I remember correctly) £2,000 limit with zero personal repayment guarantee. The bank staff must've had a commission from each credit card sale. And that was after the credit crunch when banks were widely criticised for their loose approach to lending.
Not sure if things have changed since then, but maybe that's a way to go.

And? Their requirements are existing for decades already. That's just how it works; being organized and structured. Loans cannot be done by trust alone, ofcourse they'll need assurance that you have the capability to pay what you are trying to borrow and that is just fine for me. If I were the bank institution ofcourse I'd do the same thing. And if this post is to show cryptocurrency advantage, then it is not. There are no loans and insurances for this industry; you lose, take the burden.
It is like borrowing to a friend and when asked when will you pay it, you'd just say "Just trust me, I'm gonna pay you back". Also, it is not only a few individual who are taking loans therefore, banks cannot let their money sleep on an individual who cannot give them assurance with the payment. They'd eye for those who can because of the interest, which gives them profit basically.

No one, including banks, will lend large amounts to someone who has no strong ability to repay the loan. As a student, he has no regular income because his focus is on education, so how will he repay the $2300 bank loan? So it is common that banks will not lend money to a student without any security.  You can submit your father's source of income and your father's permission letter to the bank as security, if your father is financially strong, then the bank will be willing to give you a loan of more than $2300.

I don’t know where you are but in North America you have a credit profile. Pay your bills on time and you have a higher credit score. With a higher credit score it’s easier to gets loans for less interest and more balance.

Some loans have collateral like a house or cars. However there are some like credit cards which don’t. For a small loan like yours there shouldn’t be any collateral really. However it might be different where you are located.

Are you kidding when get loan from the bank but school card ID for collateral to back up? in my countries we have higher values collateral to back up than with how much loan getting in the Bank. I think its realistic with Bank decision not giving loan although $2,300 because Bank need your house certificate but its seems impossible due all certificate not with your name.

Have some legal loan application in every country, not required with certificate house or your parent car but have higher loan interest than the bank and you need upload with document ID and getting selfie hold on ID card. Binance seems have loan system but required with collateral to back up as your assets and loan amount should under with assets holding in Binance and ability getting loan there, but still don't know detail with how many percentage loan interest.

I think every financial institution that offers loans are guilty of this same habits, you can't blame the banks only. They have a business to run as such, they have to protect themselves at all times. The banks can't run because they're a public institute and can be easily punish but you taking the loan can default and there's nothing they can do if they don't have a valid collateral.

We also have cryptocurency projects that are offering loans guilty of this, they ask for collateral that are worth more than the loans and it still surprised me why people go for this loans instead of just saying the assets they already own. They can always buy back their coins when the market is down so why don't they just sell.

If you want to get loan from bank then you have to give them your house deed or any valuable thing as collateral. You said education is worthless yes when you wanted to get loan from bank this certificate was worthless.  If this certificate is not given to get a job, if you pay money for the certificate, then you will not get a job. You have to show the certificate to get a job. So I think education has real value but you will get the value in the right place.

They are financial institutions and they have a set down method of operation that these banks operate by, so do not just expect to easily get loans from them because you think you have some kind of collateral that they must accept.

The banks have met individuals before when taking loans from them was quite easy and these people ended up disappointing the banks, which prompted them to make the loan taking process more difficult for people to discourage people who are not serious and ensure that they can recover their money if the person taking the loan fails to meet the agreement to pay back.

A certificate has value to us, and a certificate of ownership of a house or car is different as it has a value in terms of cost, meaning the bank can resell it if you can't pay your loan, unlike our certificates, which no one will purchase. Both are not the same and shouldn't be compared as they are different, but the other thing you can show to a bank is your certificate of employment and your payslip, meaning you are capable of paying it over time and they can approve your loan.

Hey OP, you confused me like I went to buy food and made them accept payment with a smile. Your comparison is unrelated, we can see the relationship between them is linked, but it is not something to be compared. And I think the problem from you personally is not enough to adapt to the way this life works, don't just demand but have the responsibility to comply and the obligation to do well. Or if you can afford it, show us your own way to change the world for the better.

It is true that financial institutions have strict security measures in place when lending money. Generally, banks require collateral such as houses, land or other investment documents to support loans. If we apply for a loan worth $ 2,300 as you said above, at least there is an opportunity from us if it is estimated to have a value of approximately 85% of the loan value as collateral if I'm not mistaken.

I think it's important to remember that banks and other financial institutions are businesses that operate on the basis of risk assessment, and they have to protect their own interests. However, it is also a good idea to look into alternative loan options or seek professional advice to find a loan that fits your specific financial situation.

Just curious, do they offer credit cards to people without any income in US? Sure, normally (in the UK/Europe) you wouldn't need any collateral for a loan of few thousands, but you'd need at least to have some sort of income to pay that off and if you don't have such, you'd probably need a guarantor (usually parents). From OP's post I sense that he might be a student without any income or freshly out of college.

If that bank gives that amount of loans to everybody that comes to them with a school certificate I bet you wouldn't have seen them to even ask for a loan because they would have closed down by now. Some banks do give non collateral loans but it depends on their policies.
The banks are there to make money, its not an NGO and most definitely not a charitable organization.
The collateral banks ask for are not things that are of value to you, they are things that are of monetary value in the market and would not lose its value easily so they can use it to recoup their money if you are unable to pay back the loan.

In some countries the government let young certificate holders access loans and use their certificates are collateral , I don't know if it's the government that gives these loans or the banks themselves but I do know that its always relatively a small sum of money.

Every country and banking system and terms could really differ into each country since here in our country on the time you do take or request for some loan then there's no such thing about having that guarantor
or your parents would be your main back up or something that could really assure that you could pay up the loan.They would really be asking on what your income source and if they arent that get convinced
about that stuff then for sure you would be declined.Come to think off that even people who does have a job like Policeman, or Seaman doesnt really get that loan approval
because their jobs or occupation arent fit into their criteria which you would really be boggling up your mind considering that these people are really that earning decent.

If the banks give loans without valid collateral, then surely dishonest people will want to take advantage of it and the end result of that bank will be like what is happpend with the banks of America and Europe. And I don't understand how a school certificate can be a loan security. I think you brought the wrong topic to the wrong place. So I think for the safe of bank and the fund of people who are the users of banks I think the requirements given for giving the loan are all correct. And also think that if you have to ask for money with this certificate then go for companies to get job with these certificates not for loan in bank.

Oh this is very funny and bank will never give out want they know they will not get back from there client. They have rule and procedures you must follow. There standard must be meant or else you are not going to get the kind of loan you are looking for. We need to be very careful with bank loans if not we can get stucked and lose our greatest treasures. I have seen someone that uses his house to get a loan and when the bank noticed that he was not able to pay back the loan, they seize the house and left home with nothing.

Sure, you wouldn't really need a guarantor if you have a solid source of income, sufficient for regular repayments. But when you don't have any source of income, or you're freshly employed or self-employed and there's a doubt if you'll be receiving income regularly - then it pretty much boils down to loan request being declined or to bank asking for some extra-security, usually in a form of the guarantor.
The only scenario I could think of when bank would be willing to offer an unsecured loan to an individual with no income, is when the amount is relatively small and when it is very hard for such person to declare bankruptcy.

Just as those scenes were very common during the 2008 subprime mortgage crisis at the US, I think this is something that we could see again, after all many of the causes for the crisis back then were never corrected and now banks and other private businesses have taken even greater risks, governments are more indebted than ever, while they also printed too much money during the pandemic, so anyone that has a mortgage should be incredibly careful as if the economy takes a turn for the worse it would not surprise me if many people lost their house during the upcoming crisis.

Of course banks are quite strict when it comes to giving out loans, and they usually require some kind of collateral, like land, property or something that has value and can be liquidated quickly, to make sure they're covered if you can't pay back the loan. But they keep and use our money without giving us any collateral....
Your education certificates doesn't have the same value as physical assets. In fact it has zero value, those are just piece of paper that you can replace anytime. They will never lend you money against that, because certificates can't be converted to cash if you default on the loan.

Bank loans are really needed for economic development, without bank loans it seems difficult to make a business grow, and if we look at the current facts that many companies or businesses are very dependent on bank loans, I have worked in several companies and all companies where I work taking a loan and paying higher interest than for employee salaries.

What you are saying is true because this is what I noticed too. It's sad to know that employee's salary are low but we must still be thankful because if those companies didn't pay interest or took a loan, we won't also be there on their company working because they will never build or make their company grow.

There is nothing wrong with the bank loans as long as we have the ability to pay them. My family are not a company but we also took a loan because we are struggling financially. We are thankful that there are these loaning companies who allow us to borrow money to survive. My views towards them have changed because before I think they are bad and are only taking advantage of the poor.

He is a student because he says degrees are not valued more than other collateral. I guess he had a simple mindset that the bank or the government would help him if he were in trouble. But life is not as we dream, to be able to borrow money from the government, we must at least have collateral corresponding to the value.

I don't know which area you live in, but in my country there are loans sourced from banks for civil servants (CPNS), you only need an appointment letter to access these loans, banks have the qualifications to issue loans to anyone, without documents as collateral reinforcement of course they will not provide loans.

That is why loans are not easy to get, unless you try to take a loan outside the bank, but the risk is much greater because the return will refer to the multiple of taking, avoiding loans is much better and even if you really need one.

Banks benefit from consumers' savings which are then used to provide credit to the public, banks provide interest of 10% per year while banks can earn interest of more than 40% per year if consumers take auto loans. Of course this is not fair, so it is time for us to open our minds to make banks a place to store money.

From a business standpoint, where most of these financial institutions sit nicely in, this is just understandable. Picture this, someone wants to take a loan from you, you don't know the guy, so you're asking for a collateral in case he defaults from his promise to pay, only for him to say "hey, I don't have anything on me right now, but I have this ID you can hold on to as a proof that I can pay!" That doesn't make sense right? So as bad as this may sound and feel for you, the bank has all the liberties to decline your loan request if you don't pass to their standards. That's just the way things go.

In any case, if you yourself don't got anything to present, why even take out a loan of that amount? That doesn't make sense to me, how would you pay for it?

If you want to borrow money from a bank, you must have collateral that can support your loan because if you cannot pay off the loan, the bank can use your guarantee to cover the underpayment. That's why banks need housing documents and certificates with more value than your loan or others. You cannot use your school certificate as collateral because it is considered to have no value even if you attend a well-known school.

A bank loan is a tool that makes it easy for us to open a business or develop, as long as we can properly control the bank loan, we will be successful and not bother with fines or penalties for late paying instalments, so think logically before making a loan to a bank, because if we fail to pay then our reputation will be damaged and of course we can lose assets when they become collateral in banks.

In normal circumstances bank have procedures and the procedures of bank can't be changed because of one person in terms of loan, a collateral comes with a landed properties or asset, if you are requesting for loan in bank, presenting certificate can't guarantee you such value of funds demanded, we have students loan and its obvious that students loan will not be up to such values of funds. Actually in this present era certificate is valuable but in some extent it doesn't use for collateral,  should incase it happened to be manipulated and use for bank loan.
 
It's people who save in bank are the one making mortgages to trade with our money,  actually they like to give loan to people they know that will pay more interest for a loan given. Sometimes I believe that those real estate is own by some banks managers who trade with people's funds in the bank, it can be truth or not, because if you don't present a mega landed properties to bank they find it difficult to loan a low level individual or average individual.

I think it's like that, the guarantee you offer must be real or have value, if it's just an educational certificate it seems the bank doesn't like it.
and it seems that for every asset that you will offer, maybe the bank will only lend under 50% of the total assets.

Banks have regulations according to which they work, they must be sure that you have property that could serve as collateral. If you have nothing, then for them this means that you will be an insolvent client, and it is clear that without this they will not give you a loan.

And at what annual interest would you like to take a loan? I have always avoided credits because it is very unprofitable, we have to give the bank too much for using the money. Instead, I make savings so I can use this money when I need it.

I think that is normal, even in the forum you can't just get a loan without being a reputable member. Banks are doing works to make sure people funds are secure reason being that they uses their customers funds to loan out and before that would happened they need any other trusted and high worthing assets or landed property before they could release such amount of money to you, how do you want to convince them that your school is original and even as that no one would offer to buy your certificate if you couldn't meet up your loan payment.

All Bank have procedure for the member want getting loan, not easy for them accepting all people want to get loan from the Bank actually with OP have student card or ID Card only without any certificate have valuable. There are big mistake when applying loan in the Bank without have valuable certificate and you show ID card only is not enough and directly rejected with your offering try get loan from the Bank.

Fund loan in the bank based on how valuable your certificate, if have values above $10,000 I think Bank not agree give loan above that amount and they only will give under 60% until 80% of your certificate values.

Haven't you used the bank as a place to save money all this time? If you talk about them (banks) utilizing consumer savings to gain profit through annual interest, it is a very natural thing for them (banks) to do. Because basically banks are also humans who need food to be able to continue to run the banking system that they have and the bank also needs money to pay the salaries of its employees so it's only natural that they work to earn interest which I mentioned is an advantage for them from keeping every money their own consumers.

When we already know Cryptocurrencies, it is time to leave banks loan and securities, moreover almost all banking functions can now be replaced in cryptocurrencies because many projects work according to target such as defi, which provides better services than banks, besides that we must be aware of the banks offer which usually looks tempting.

Bro what you expect when you take a loan and you offer your school certificate as bail. The bank will check your background they have that kind of data. My brother work at bank he told me to never take a online loan or something like that. If you have a problem with payment your identity will be put on "black list".

Once you have your student ID, you will have the opportunity to get access to a loan to cover your study costs.  That means the loan will have a lower limit depending on the type of bank support and the government's proposals.  At the higher limit, it is a property mortgage loan, their suggestions and claims to you are right, that is to do their duties and regulations properly. Some banks now accept the use of securities as collateral for bank loans, but it also has a lot of strict requirements for that securities code.  A more complex process would do

What were you expecting? That banks should accept your school certificate in lieu of landed property or asset? That's not possible. Your certificate means nothing to the bank. It can mean the world to you but certainly not to the bank. Banks are cruel capitalists. Their major focus is always on how to recoup their money in case a borrower defaults. Your cert can't raise the money if you default because it can't be sold. Again, who told you that you can't get a job or earn a living without your cert once you hand it over to the bank? Of course, banks know all that gimmick and won't bow to it.

For an institution who do ran off tons of cash out of peoples money, they cant really just let you lend a loan on showing your school certificate or records.On what thing they could able to get from that?
There would be no security on their part if ever they would grant you a loan.This is why they do really lent out loans into something which could really be able to repay it back and wont really
tend to easily grant out to those who arent that eligible or capable.This is why they would be making out CI and full identification and verification.This is why
they would really be that strict when it comes to requirements or whats been needed.

Bank is asking for collateral incase if you can't pay back the loan, they can sell what you use as collateral and they will get there money back. The certificate which you presented, what do you want the bank to do with incase if you didn't pay back? How do you expect them to get there money back, do you want them to sell your certificate which is impossible. Don't think your certificate is useless but bank is looking for what they can sell incase if you didn't meet up.

Banks consider lots of processes to be able to give you a loan there are requirements that must be met, you stated about having your certificate as collateral is funny no bank will grant a loan with that, the collateral value has to be equivalent to the amount of loan you want to take, most collaterals have seen are properties and lands so that once you can not pay then the bank will collect the property from the owner to cover for the loan, if you have property or lands you can re-process the loan.

given a school certificate loan can be accepted in any bank through the country that you are into and secondly bank does not accept things that is not property officially by anyone before giving out a loan so I think this young woman who presented it certificate for bank collateral don't have a good plan to refund the money because it come be seen in another perspective that the certificate might not be a certificate or the certificate is a stolen one that is the reason I want to use the certificate for a loan

Your school cert is not an item or commodity that can be traded. It's an asset that each person has like a personal identity. So it's only natural that the bank rejects it as collateral for a loan. It's different if the collateral is assets such as property, vehicles, fields, that can be accepted by the bank because these assets are legally owned by the state to be traded by the public as an effort to develop a business or residence.

Not that education cert is not an important thing to consider, but just imagine with a figure of $ 2000 more and one day you don't pay bills and finally your school cert is held by the bank, what will the bank get? Will the bank use it to register for work at the company? ha ha  ;D

It's unfortunate that financial institutions often prioritize physical assets like real estate over educational or personal achievements when considering loan requests. This can make it difficult for individuals without access to such assets to secure loans and make financial progress. It's important for financial institutions to consider a diverse range of factors when evaluating loan requests and not solely rely on traditional collateral measures.

Be aware if we want to borrow money from a bank, make sure we read carefully all the lines of the agreement, because agreements are usually made for the benefit of the bank and often make customers lose, and in my opinion, after knowing bitcoin, the best thing is to transfer all the money in the bank to a private wallet.

Most of the agreements when it comes to loaning money to a bank are that banks can benefit from it because of its interest. If you don't agree with those terms of agreements, you won't be amending them as they won't accept them as that is their policy, and you also need money, so either you sign it to get money or if you don't, you won't get anything. It is really a forced thing, and you don't have any other choice about it.

it seems they prefer securities, or other commodities at least the goods have value, I know school certificates also require money to get but this is in a different sense.
that mean something that recognized as having values ​​such as jewelery and houses.

And this should not be surprising at all, I mean one of the main sources of income for banks is to give money that people need now with very clear terms that stipulate the bank will get even more money in the future, and if the person happens to default on their loan then they need to have enough assets to cover the debt they have with the bank, and if people cannot do either then it is obvious that banks are not going to lend them a single cent.

Hi there! I understand your frustration with the loan application process at banks, it can be difficult to get approved without the necessary documents. However, consider seeking guidance from a financial advisor or company like http://www.thefinitygroup.com. They can help you better understand the loan application process and provide you with advice on how to improve your chances of getting approved. It's important to note that while having valuable certificates can increase your chances of approval, it's not the only factor that banks consider.

Banks as financial institutions are very narrow in dealing with other people and it is true that banks have special security measures when providing loans. They usually require collateral, such as property or an investment, to ensure that they can recover the loan amount if the borrower defaults. However, it is also important to note that banks have a responsibility to assess the risk of lending to individuals and businesses, because their financial stability is at stake. While financial institutions may have strict loan requirements, they also have an obligation to ensure that loans are made in a responsible and sustainable manner.

Of course any bank cannot approve a loan without any collateral specially if you are borrowing a big amount of money. No bank would accept school certificates to be your loan collateral. Mostly banks require land titles, bonds, stocks, house, car, those are samples of properties that can be accepted as collateral. That is one of the requirement of financial institution if you want to be granted with a loan, of course part of it is your capability to pay, you will need to provide your source of income like guaranteed employment certificate together with your updated payslip and tax certificate. So do not be disappointed if they will not grant you a loan because you need to follow their important requirements.

Banks, right? A total nuisance in our, uh, behinds! They won't give a loan without collateral: a house, car, or something pricey. And don't get me started on income proof – insane! But remember, banks are businesses. They need profits to survive. Lending money means risks, and collateral helps them manage it. Still, the system's flawed. Time for banks to think creatively, offer loans for those lacking traditional collateral. No house or car doesn't mean no credit, folks!

Banks like any other business are only going to make a move if they think they can getting something out of it, and it is obvious that if a person does not really have any kind of collateral and they cannot demonstrate they have a high enough income in order to pay the debts they are acquiring then the bank has no reason at all to loan that money, we may not like it but that is just the way banks work, and if anything I expect that banks are going to get more strict from now on as they do not want to take any risk with economy not doing as well as it was predicted.

I want to add Another reason why banks need collateral for loans is to protect themselves from the risk of default. When a bank approves a loan, they are essentially giving someone money that they expect to be paid back with interest over a certain period of time. This means there is always a risk that the borrower will not be able to pay back the loan, either due to losing a job or experiencing financial difficulties for some other reason.

By requiring collateral, banks can mitigate some of this risk. If the borrower defaults on the loan, the bank can take the collateral and sell it to recover some or all of the money they lent. This helps protect banks from losses and ensures that they can continue to lend money to other borrowers in the future.

You are right, bank is a business that needs to manage risk and ensure profit. That's why they ask for collateral as a way to reduce their loan risk. However, the current system may seem flawed to some people, especially those who don't own traditional collateral such as a house or car.


For this point, at least the banks have also thought that they should also think creatively and offer more alternatives for people who do not have traditional collateral. I think, This will help promote financial inclusion and allow more individuals to access credit.

It depends on a bank, I think... And also banks can have specific features in different places and countries. In some locations borrowing $2300 requires just crossing the doorstep of a branch, while others ask a really heavy bunch of documents for a smaller sums. As for education... You wrote the sad truth... Unfortunately, education is not important in the world of money :(

Let me say in my country, banks find it very difficult before they can issues you a loan to start life with, and before bank can give you a loan you have a property for collateral and without that banks will not issues you money, it depends your country, banks make sure that they have given anyone who wants to take loan from into their own personal condition.

This is just a system to keep the poor poorer and make the rich richer. Also it's kinda makes sense too if you look at it from a different perspective. If you lose all the money you have taken from them and there's no way you can pay them back, how can they trust you with that much money?
Everything has it own place where they can shine. Have you seen those games where you have to fit the right piece in the right position? Otherwise, you can't put it in. Likewise, education has it own value in its own position. You can not compare it with properties while taking loans from banks. Use it where it's meant to be used.

That's how they run their business. What you are referring to is an unsecured loan, which they cannot simply grant unless you have established a reputation with their company. Unsecured loans are typically limited and depend on your income. Usually, they are set up with automatic payroll deductions, where a specific company has an agreement with the bank to remit your payments directly.

If you are looking to obtain a higher loan amount, you would fall under secured loans. In this case, you would need to provide valuable assets that will be assessed to determine their current market value. The loan amount granted will be lower than the market value, as they need to manage their risk.

Banks basically work this way to issue a loan, they need to know that you have collateral for this, or an operating business, or a stable source of income with a good credit history. Although the credit history may be considered acceptable, even if payments with a delay were eventually closed. Perhaps with small loans everything is not so difficult, but if the loan amount is large, then it will not be so easy to get it from the bank.

I don't fully understand, you tried to get a loan against your college education certificates? These are no real assets and I don't think any bank would consider them a security. The value in education is that we can get better jobs later and earn more money. So the real assets are your future salary. If you are already working then it should be no problem to obtain a loan against your monthly salary. Make sure to ask for a consumer loan that should be sufficient for 2,300 USD and show them your monthly paycheck from your employer. For such a small amount it seems crazy to ask for a property as collateral, because all the fees involved and notary cost to put the bank down as beneficiary will cost more than the whole loan itself. Maybe you should consider switching the bank to one that is more focused on consumers.

Until now I have never heard that there is collateral for loans at a bank, even with the highest degree, but I think I have heard of a letter of appointment as an employee that this can be done and of course the mechanism for each bank is certain to be different from one another. if someone accepts it maybe with separate rules with the company no longer an individual anymore.
but it seems inappropriate for a certificate to be submitted as collateral for a loan at a bank, because there are other things that can be done.

A school diploma is not necessary to obtain a loan from a bank; if it were, it would undoubtedly be declined.  That is all I am aware of regarding job application requirements, though.  Maybe it will apply if you mortgage it to a pawnshop or borrow money from one.  Banks require collateral, applying for a loan is difficult, and loans of any size require land, home, or company certificates in addition to car certificates.

Most likely, for this just need to contact a bank that is focused on issuing consumer loans, everything is much easier with issuing loans there. But for this you will need show your earnings, because even with a good credit history without your income statement, a loan will not be issued. The diploma in this case will be useless, since it does not carry any value for the bank. And collateral may be required if you want to take a large loan, for small loans this is unnecessary.

By borrowing so much money in the bank, of course they are also very careful in determining securities guarantees, because they do not easily trust customers who have borrowed and they have a big responsibility so as not to lose in these problems so I think the certificate cannot be sufficient to get a loan at the bank, I think bank regulations are feasible and this is for the security of their institution from fraud, If the amount of money you borrow is small, maybe they can consider it without having to use securities guarantees.

Banks typically require collateral that has a tangible market value and can be easily liquidated in case the borrower was not able to pay the loan. While school certificates may represent a certain level of education and achievement, they do not have any inherent market value and cannot be easily sold to recover the loan amount. The value of a school certificate may vary widely depending on the institution and the course of study, making it difficult for banks to assess its true worth. Banks have to comply with regulatory requirements and risk management policies that dictate the types of collateral they can accept. These policies are designed to minimize the risk of default and ensure that the bank can recover its funds in case of default. Accepting school certificates as collateral may not meet these requirements and could expose the bank to unnecessary risk.

and of course the collateral must be worth greater than the money to be borrowed, the prudence of the bank is no longer in doubt even though there is a markup on the value of the collateral and eventually it becomes bad credit. there are many cases like that so that banks must be more careful in choosing customers by considering future risks if something unexpected happens. but it will be facilitated if we already have a good track record at the bank

Even small loans, they usually still ask for official collateral. Because still, the bank system cannot be softened just because it is based on the nominal amount borrowed. My neighbor some time ago applied for a loan at the bank. and the money they borrow is not very big. And they borrow from the bank with the guarantee of the motorbike certificate they have. and it's fast processing. The point is that collateral can be adjusted according to the amount of the loan submitted. if the loan is large then the collateral must also be of great value and vice versa. basically everything needs collateral.

It's part of business and for any financial organisation to endure this current financial crisis rocking the world today then you need to strictly adhere to the laws of capitalism and that's what the bank is doing by making sure you bring in a collateral that is worth in equal or above the amount you seeking for as loan.  Perhaps something accidentally happened to you, like a car accident ( which I don't wish you any) and you got into a worse help condition that you can't work anymore. How then can the bank regain their $2,300 they offered you as loan with your certificate as collateral, cause from all indication no one will be ready to buy a school certificate bearing another's name for such amount. And what now happens to the bank in the next 5years if they keep doing business that way?
They're a capitalist venture, all out for profit and was never established in your best interest. Never trust the bank.

if the loan we ask the bank for is not in accordance with the securities guarantee, of course they will reject our offer because it will cause negative things and will harm the bank, maybe the certificate you provide has not been able to reach the value you borrowed so naturally they will not lend to us, all have regulations and they are also very careful in handling this problem, Because not all customers present can be fully trusted, so there is a special way they run so as not to experience losses later.

I do not know in which country this happens, but if it is Europe or the USA, then this amount is less than the average salary.
Banks make a decision depending on the official salary of a citizen and his debt burden at the moment.
Loans like this require good friends, not banks.

Before making a loan, you must need to have a good credit background to make sure it faster to mak loans; for example, you have a failed loan or credit scoring into different banks, they will see those with the use of their bank association checkers if that so that you have a bad credit the lessen the chance you'll get a loan to them, it's not just because you have a bank account you can easily make a loan to them, still consider the credit scoring. If they will allow you to make a loan just a small amount until your realized credit score gets a good reflection to loan higher amount like you OP asking.

You are mistaken in understanding the function of a diploma, a school certificate will have value when you apply for a job but not for applying for a loan at the bank. Even though there are financial institutions that accept diplomas as collateral for securities, making diplomas as collateral to get money is not the right choice, in fact this choice has a high risk for your future career. Just imagine when you can't pay off a loan as a result of using a diploma as collateral, you can't apply for a job without a diploma.

Well bank offer personal loan and credit cards that is the most common unsecured loan for a common man to reach out.

Banks only lend money to someone who has the capability to pay back or assets to confiscate for the default of the loan amount and yes these certificates are nothing but garbage it doesn't worth penny but you spend thousands of dollars and years of schooling to get that. The system made all of us to live stupid and die stupid too. ::)

Because educational certificates (diplomas) are not considered collateral that can be traded such as property or valuable assets. So that educational certificates are usually proof that we have studied and have personal achievements. So, diplomas do not have the same value in loan guarantees at a bank.

Because Banks generally look for collateral that has a measurable value and can be used as collateral that they can sell as compensation. if you fail to repay the loan. Property and land are often considered collateral because they have a stable value and can be clearly valued.

However, educational certificates sometimes have value too because they can become part of the bank's assessment when you apply for a loan. because it will be a plus for the bank to agree that your loan may be bigger than before.

Banks are businesses and they wouldnt really be that dumb on letting someone to take a loan and just having that school certificate which is something having no sense on presenting it.They wont really be getting
any security with that. On what sense? How someone do really have that kind of courage on going into a bank and asking for a loan and would really be just putting up or showing them some certs? lol
Even if you are applying for a personal or business loan or even getting a credit card, they would really be still asking out about your income and other assets or whatsoever before you would be finding
yourself to be qualified.

These institutions are making money out of peoples money on putting up higher interest which is mostly the common play with these things which it would really be just that understandable that they would
really be that securing out and really be that strict when it comes to loan requirements.They would really be coming after with those properties or assets on which they could really get some benefits
if ever a loan wasnt been paid up.

I seriously do not blame them or see anything wrong in their response, imaging after borrowing that huge amount of money and failing to pay when due, will they sell your certificate to pay for the loan you borrowed? Properties can be sold, businesses can be sold and they will go for that.

You may get credit card without meeting this criteria if you have wealthy bank transactions list and that's how I got the credit card just after I reached 18 years old, but they gave me a limit about nothing but that's how my credit history started and I used the credit card wisely now after 8 years I got the limit increased to decent level and they didn't asked me for any certification they just keep increasing my limit cause of timely payment and I am the one who decided whether I need higher limit or not.

If any student reading this and belongs to a stable financial background then make use of it wisely.

It is understandable that you bring a school certificate to borrow; they do not accept it. Banks may offer unsecured loans for smaller amounts or to customers with a good credit history and stable income. And if your loan amount exceeds the collateral level, it will be a short and risky loan. The rules have been set that you must accept them in accordance with the terms from the bank, and then they will confirm for you. They don't want to lose money because this is a business, not a child's game.

Even personal loans are not given without security, you can't even get a credit card if you don't have a good enough salary as they would simply consider that you won't be able to complete the credits you might use each month if you don't earn enough. Banks are businesses just like centralized exchanges in the cryptocurrency world which operate and provide services to us but they do it all for themselves and not for us.

A diploma or a degree might not have that much importance these days but mainly big firms ask you for your qualification documents when you apply for a job, though you will most likely not make it since your experience won't be as per their criteria but it is still a requirement to have a degree.

I think the bank will not want to lose money and it must also be remembered that banks run money that also has customers, so they must be able to give trust so that the money deposited can be used properly and not lose money. agree with you, that the bank will carry out the rules attached to everyone who wants to borrow and must follow the rules given by the bank to the borrower. no one is allowed to intervene in policies carried out by banks from parties outside the bank itself, because it must be remembered that banks are business products that also want to make a profit.

There has never been in our environment that a bank will provide a loan if the guarantee is only a school certificate.

There is an agreement that must be agreed between the borrower and the bank which is written in the rules.
When the written agreement cannot be fulfilled by the borrower, there will be no agreement.
It has nothing to do with whether or not the value of education is important when it comes to lending and borrowing with them because this has to do with business.

When you bring other valuable certificates such as land certificates they will definitely receive with the calculation of how much value they will get when the borrower breaks the agreement or no longer pays.

Actually everyone requires security so whenever banks allows you loan they will ask about your land and something else that will provide them safety because without security bank cannot allow anyone such a large sum of money.

Bank take such steps because if unfortunately you don't recover their money back to them then in such situations they will take your land or other expensive material to recover their money. This step is a beneficial step and I think not just a bank but all other financial institutions should do this and if this act was unable to operate then surely lots of the people will take loan and without returning of money they will stay silent.

Everything is business and banks are really making business, they cant really just grant up some loan and would really be that giving the opportunity on just showing some school certificates. There's no really security for that on the money that they are lending into you.There's no assurance that you could really be able to repay it on time and this is why its no sense on presenting out those diplomas or whatsoever documents that you do have in school college. They wont really be able to get something from that. Bank loans and agreements wouldnt really be something like this. They wouldnt really be that so dumb on accepting loan requests
without any valid and valuable collateral which is something that it is really that important on such transaction or agreement. Better to be realistic or sensible in regarding about this
question because even a 3 year old kid does know on what would be the common procedures and requirements when taking a loan.

The whole idea of a collateral is so they can sell it off and recoup their money if the borrower defaults. So if a borrowers default, what exactly are they supposed to do with the school certificate? A school certificate is not going to give them their money back and they end up having a loss. A huge loss because 2000 dollars is not a small amount.
Banks don't ask for what have value to you, they ask for what has value in the market. You don't expect a bank to give me a loan because I have them a treasured family heirloom  that means a lot to me even if it's not worth anything in the market.

Apart from building ownership certificates and land ownership letters and other documents of value, they will not receive school certificates or diplomas.
The letter is to guarantee when someone who borrows will not be able to pay according to the agreement.
I once found a borrower who was unable to pay, so the initial guarantee was auctioned off by the bank.

I have an experience that my wife did but I also had to sign an agreement. The guarantee is not a land ownership certificate and not a building ownership certificate, but a decree on him as a worker paid by the state.

After the time was up, I told him that we should no longer have anything to do with the bank because we are made poor.

The graduate or education certificate does not have the selling power of banking services as far as I know, and even if you borrow the level will be the same as the maximum limit of borrowing without collateral. And education certification is only a plus point for trust.
Of course in the amount you mentioned, it is necessary to guarantee the borrowing you will do, because that number is not small, so banks are looking for an error margin from the failure of payment that might have been in the business that exists with the money, and they can confiscate the guarantee From you to cover the loss due to the failure of loan payment you might do in the future.

I honestly don't understand what you think the bank should do. You would expect a financial institution that is making profits from deposits  to lend you a loan of two thousand usd without having a good collateral that would easily cover up and settle your loan.

You cannot say having a quality higher education doesn't count when applying for a loan. A college or higher degree would in my opinion be a plus to your application when giving your sales pitch on the reasons for the loan and how to pay back the loan. Perhaps there may be more reasons on why you were denied the loan aside having a good collateral.

If you want to take a loan from the bank, you must deposit some security with the bank so that if you are unable to repay the loan due to any reason, then the bank will take ownership of the security that you keep. Because if security is not kept then there is no security of money. At that time, anyone who took a loan from the bank refused to repay it. In case of taking a large amount of loan, the bank will usually ask for some documents of your land deposit. If there is no land deposit, you will have to show something that is close to the market value and the value of the loan amount.
And you want to keep your certificate as security. They will never give you a loan against a certificate because the certificate is of no use to them.

I've noticed that personal loans of a few thousand dollars are quite common now and are probably the only ones that require minimal or even no requirements if you have a healthy account with them. The same thing goes with credit cards. Personally, I was issued one without providing any documentation, and my application was instantly accepted.

Larger loans are usually hard to come by, especially without collateral, and have massive interest rates, making them unsustainable in the long run. In my opinion, if you're up to making a few large purchases, sign up for a credit card and take advantage of interest-free installments.

If you do really know on how to make use of your credit card efficiently then i could really say that this is something more better option rather than on touching up yourself on having those inhouse finances or those 3rd party lendors or something like that which they do really have huge interest compared to banks. It turns out that Bank rates are shit but those smaller ones or those lending businesses out there is even more worst on which interest could really be on how many folds compared to banks. This is why if you do really make out that comparison then for sure you would be able to realize that bank is still a better option when it comes to loans but of course getting approved is really that pain in the ass since requirements or things been needed wouldnt really be simply to comply.
Its true that we do have some lending up todays on which it do really ask out for some basic information and not much needed documents on which you could really be able to borrow out money but of course the interest rates are really that on the rooftop.This is why if you dont have any choice then you would really be opting for this one.

Only ID's are needed to apply for a loan and maybe some nice collateral. It is when we apply for a job, we are required to show a school diploma. Applying for a loan in a bank can be difficult. Banks do also have high interest rate but there are still lots of loaning companies out there (including the online ones) that we can try. They might not be strict as the banks and you can get your money in short period of time.

@OP I know the feeling on why banks or other loaning companies can disregard a school diploma. They think it's only just a piece of paper with no value but they did not know the struggle of the student only to get this piece of paper.

You know the truth, I'm sorry, but what you said made me laugh. Because I have never seen a bank that approved a loan just because of his school certificate or college diploma, whether you are referring to it. Banks on the other hand are very strict and the type of insurance that makes you think they are the ones who will get lost, but they are not.

It's because the banks won't agree that you don't give them any collateral and mostly what they really want are lots or houses, oh no, if you have a high salary in the company, it's your ATM account, if they agree, after all, there will still be those are civil investigations.

Right now in my country getting a loan is a very tough thing, banks do not give out loans all that easily because of the inflation, they know that if they give you the money then you could even get like some brand new iphone and sell for higher later on and not only pay the debt back but also profit, it's that simple. That's just an example do not do that for real but that made getting a loan pretty harder.

In the end school diploma, salary proof, and no other thing you could get even come close to the fact that we are going to end up with anything that will be allowing us with bank loans if we are not asking for what would be small for us, something big has way too much risk that the banks do not want to take into consideration at this moment.