What Documents Should be Prepared for a Loan Application?
Formalities leading to obtaining a cash loan in a loan company are much less complicated than in the case of applying for a loan or a loan from a bank, or in a Cooperative Savings and Credit Union. However, they still exist, and lenders will not give up on them, because they have to protect their interests to some extent. Therefore, when applying for a loan, the candidate for the borrower must submit several documents. What?
The loan application is the basis
The first step to obtaining a loan from a loan company is to submit an application. It generally has an electronic form today. The client fills in the form fields indicated by the web application and in this way simultaneously registers his customer account in the loan service and submits the loan application in the desired amount for a specified period.
The proof is enough
There is no shortage of offers on the Internet to take a payment for evidence. In such an offer, the only document that will be needed for the customer to obtain a loan is his / her identity card. Usually, it is enough to provide personal data, address details, pesel number and a series and ID card number to complete the formalities required by the lender. It also happens that the loan company will ask the borrower to send a scan or photo ID to confirm the client’s identity. In most cases, Polish lenders declare lending only to Polish citizens who are of legal age and have full legal capacity.
Other documents required to borrow
For some lenders, ID card and loan application are not enough to successfully verify customer creditworthiness. Therefore, borrowers sometimes have to submit a statement or a certificate of the amount of income or certificate of employment and the possibility of its continuation. Some lenders also take into account the client’s financial obligations, so you will need to provide relevant certificates, for example in the form of utility bills. A loan company may ask for relevant documents proving the fact of obtaining income. Among other things, it will be a copy of a contract of employment, a bank account statement, an annuity or retirement, a copy of commission contracts and contracts for specific work.
Depending on the loan company selected, which provides quick cash loans, other guidelines may be provided for the mandatory list of documents required to incur the desired amount.