Foreigners working in Slovakia will receive a loan only if they are resident. Slovakia is becoming an increasingly attractive country for foreigners not only for tourism but also for work. And it is not only who work on construction or in service. We also have professionals from Western Europe. People from abroad have been working here for a long time, some of them will settle forever.

Over time, many of them deal not only with sublease, but also with their own housing. Good Credit investigated what chance foreigners have to get a mortgage or consumer loan in Slovak banks.

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Same conditions

Same conditions

First of all, a foreigner should work legally in Slovakia and pay taxes . When working on black, no bank will give him a loan.

The Bank will also be interested in his stay – ie whether he is resident in Slovakia or only temporary.

If a foreigner resides in Slovakia, Good Credit treats him / her the same way as Slovak citizens. “Those foreigners who do not have a permanent residence in Slovakia can only get credit for an exception,” says Pavel Vlček, spokesman for Good Finance.

If the loan applicant (foreigner) does not have a permanent residence or residence permit in Slovakia, he / she can say goodbye to the mortgage or consumer.

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More papers

More papers

If an alien passes through his permanent residence screen, which is not at all common to have, he may look forward to the fact that most banks will assess his creditworthiness as he does for a Slovak.

“The documents required depend on the type of income and type of stay in Slovakia, not whether the applicant is a foreigner or not. Nationality is not documented. All applicants, regardless of their nationality, are assessed according to the same risk criteria, ” says Anna Jamborová, CSOB spokeswoman.

This means that the bank will mistake it, for example, in the credit register , or whether it has missed repayments on older loans in the past. According to experts, it may happen that the bank also asks for an extract from the credit register from the country where the loan applicant comes from.

Good Finance asks foreigners for two photo IDs, such as a passport and a driver’s license or ID card.

For example, income must be evidenced by statements of account for the last three months in the case of employment at home or abroad.

For entrepreneurs


This is the last filed tax return and tax receipt. “If the client’s income can be verified in the Social Insurance Agency, he / she does not have to prove any documents,” adds Mr. Vlček. In case of income from dependent activity, the income is verified as the average for the last 6 months in the Social Insurance Agency.

The information provided by Good Credit shows that when granting loans Good Credit do not distinguish whether the applicant-alien is from the EU or from third countries.