First of all: basic personal data
The basic personal data includes the name, surname, personal identification number and the series and number of the ID card, these are data to be completed by which only the ID card is required. Usually, the first part of the installment loan application should also include direct contact details such as email address and mobile number. Thanks to this, if we make a mistake later in the application, the loan company will be able to contact us and explain the mistake instead of immediately rejecting the application.
Secondly: contact details
The second important element of the loan application is to provide your residential and registered address. However, some loan companies such as UsCredit, Eicredit or Snapi Loans do not require an address before creating an account in the customer panel. First of all, these companies ask us to create their profile, to which it is enough to provide some basic data. Only after logging into the account and moving on to the final stage of completing the loan application are we asked to provide addresses. It is worth knowing that for many loan companies, the address of residence is as important as the registered address, because after issuing a positive decision and accepting the terms of the loan, a contract is sent to us by courier, which we must personally sign.
Third: employment information
An important element in the loan granting process is determining our creditworthiness. Responsible non-bank institutions, not wanting to expose their good (granting a loan that will not be repaid) or the good of the client (so that repayment does not lead him into a spiral of debt) try to precisely determine the optimal amount of the loan, which repayment will not be a problem for the applicant. That is why we are asked to provide accurate data on our employment in the loan forms. Apart from the amount of remuneration, many companies ask for the monthly amount of other liabilities – among others porfel, Hypocredit and CreditMori. Most non-bank institutions also require information on the form of employment, although of course they also grant loans to people working under a mandate contract and a specific task contract. The loan application should also include the employer’s name, tax identification number and telephone number. Please be aware that the loan company may contact your employer to verify the accuracy of the information when verifying our application.
Fourth: additional information
In applications for installment loans, we can also meet such fields as marital status, level of education, or the number of dependents. This information is intended to better define our creditworthiness. We may also come across the question of having your own car, which is part of the Snapi Loan and OK Loan form, housing status, applying for Hypocredit and the type of bank account (personal, company, joint) at Sarka.
Precise determination of borrowing capacity is extremely important, thanks to which we will avoid the possibility of falling into financial problems caused by too high monthly installment, so it is important that we enter truthful information in the applications. Let us also remember that lending institutions can verify their accuracy.