To get a bank loan, whether in the form of a cash, car or mortgage loan, you need the right score at BIK.

When we go to the bank to get a loan, not only our creditworthiness, but also credit history is verified. Through the BIK (Credit Information Office) database, the bank can check whether we have already taken a loan or loan before, and if so, whether we have paid it off in a timely manner and without delay.

The bank to which we are going for a loan does not have to ask us if we have already taken a loan before, or whether we have any delays in repayment of a loan contracted with another bank. If we applied for a loan, the bank will check our credit history via the BIK database. This is an operation necessary when granting cash loans as well as other financial products offered by the bank. Through this database, the bank can learn not so much about delays in loan repayment. He can also get to know our score in the BIK database.


What is the score in BIK?


From 192 to 279 points – 1 star
From 280 to 367 points – 2 stars
From 368 to 455 points – 3 stars
From 456 to 543 points – 4 stars
From 544 to 631 points – 5 stars

Scoring in BIK depends on several factors. This is the most important factor for which we get the most points, because as much as 76% of the overall score is the timely repayment of previous commitments. We are talking not only about cash loans, but also about other financial products offered by banks. So both car loans, debt repayment on a credit card or a personal account limit. The point score may be underestimated if too often it happens that the repayment date of the loan installment is exceeded. The most important for the bank are delays in repayment of loan installments that exceed 30 days.


The credit rating in BIKU is also affected by the total number of loans repaid and currently repaid. This is another 11% of the overall score. If we have a long credit history and so we often took loans and repaid them on time, this will have an impact on a better score. The same applies to the use of credit limits in bank accounts. If we are currently on the debit or if we have used the revolving limit in a personal account, then our point score may be slightly underestimated (about 8%) until the debt is fully repaid.


What is the minimum point score that is needed to obtain a bank loan?

To obtain a bank loan, according to BIK report requires 480 points. This is the minimum point limit we should have to apply for a bank loan. With this point assessment, we should also have good creditworthiness that will enable us to get a loan. We should get a loan with 520 points or more without major problems. However, we can get a negative decision about granting a loan not only because of the low point score which will be lower than 480 points. A negative decision may also take place when we applied for a bank loan in several banks at the same time and each time we received a refusal decision.


How do you check our score in BIK?


Until now, this was possible only through banks. Now, however, we can get accurate information about our scoring by means of an electronic account at BIK . After creating an account at BIK, we will be able to download a special report, which contains all information about your loans and scoring.


Scoring in BIK and a loan in a non-banking company.

Scoring in BIK and a loan in a non-banking company.

Companies providing non-bank loans do not pay so much attention to BIK’s assessment as banks. Therefore, we will not need 480 points to obtain such a loan, and some companies do not even apply verification in BIK databases when granting loans. Loan companies put more emphasis on checking our data for debt in the debtors’ registers and current creditworthiness.