Data required in applications for payday loans
Loan applications and registration in the customer panel
Many short-term loan companies first require their potential clients to set up a profile in the client panel. It is worth noting that these are no additional procedures, as the data provided during registration will also be needed to complete the loan application. In addition, the customer profile we have established can be very useful when we apply for a loan again. Once provided, the data will be saved in the system. So, when you next apply, just log in to your profile and then enter the amount and choose the loan period. The process of applying for further loans can be reduced to just a few seconds.
Instant ID card
It is true that you only need your ID card to complete your online loan applications. This does not mean, however, that non-bank institutions do not require us to provide additional information. Personal data, personal identification number, ID card series and number as well as contact details such as mobile phone number or e-mail address are the basis for each loan application. It is also important to provide your registered address and residence address. Remember to provide the address of residence where you actually are, because some loan companies are required to provide us with a paper contract. We also carefully verify the correctness of the entered e-mail address and mobile phone number, because the loan response is sent to us in electronic form.
Information on income in loan applications
The financial data provided in the forms are the basis for calculating our creditworthiness. The amount of our income is one of the main points that we must complete by applying for payday pay. Depending on the procedures of the loan company, we are sometimes asked to provide a form of employment, i.e. information whether we work under a contract of employment, a mandate, a work or whether we are pensioners. This information is required, among others, by such loan companies as: Loan Plus, Fast Cash or Smart Loan. Some companies in their forms also ask us to provide information regarding other liabilities – loans, credits or overdrafts.
Each loan company sets individual loan award criteria. So, when applying for payday loans at Kredito24 and Pandamoney, we are asked to indicate the number of people who are dependent on us, while the Woman with Cash and Super Credit require us to provide information whether we have our own car. In turn, Fashionable Loan and Smart Loan contain a question about the purpose for which we intend to allocate the funds for which we apply.
Regardless of the services which loan company we decide to use, remember to always provide only real data. It is also worth checking carefully the correctness of the completed fields, whether any typo has crept in. Careful completion of the application may shorten the verification procedure, thanks to which the loan will be in our account much faster.