What documents are necessary to receive the payday pay? Different loan companies may have different requirements for applicants, but some of the documents they need are shared.
Let’s start with what is the basis. A loan application is necessary to apply for payday loans, regardless of whether we do it traditionally or online. In the latter case, it is an online form, but in both variants it must contain information that will be used to identify the applicant and analyze his creditworthiness.
Therefore, it must contain personal data, such as name and surname, PESEL number, ID card number, as well as address of residence, registered address or correspondence. In addition, the application should contain details of the loan itself. The borrower declares his expectations towards her, specifying in the application the specific amount and repayment period with which he is interested.
Another group of information that should be included in the application are those regarding income and expenses. It is about the source of income and its amount. As for expenses, it is necessary to take into account the constant financial burden, and thus, for example, the amount of loan installments repaid.
Employees are usually also required to include in the application the employer’s data, such as company name, tax identification number, address and contact number. These data are needed by the loan company to determine the credit risk.
Proof of income
You can find loans without certificates on the internet, but many companies still require clients to provide income statements. If the borrower is a working person, he should submit a certificate of employment and earnings. Persons employed under an employment contract, as a rule, must provide certificates from the last 3 months, employed under a contract for specific work or commissioning – for a period of 6-12 months.
Instead of a statement of earnings, you can provide a statement from your personal account, provided that you can see remuneration transfers clearly described by the employer as payment for the work done. In addition, loan companies often require you to submit a contract with your employer.
The situation is different in the case of retirees and pensioners. They require the last retirement or disability pension or a decision to grant or value the benefit. In addition, pensioners may be required to show a pensioner, which confirms the period for which the pension was granted.
Consent to verification in BIK
Some loan companies require that the loan application (usually at the very bottom) includes the borrower’s consent to check information about him in selected databases, such as the Credit Information Bureau or the Economic Information Bureau. This is needed to determine credit risk.
Of course, you will also need a document confirming your identity. So there will be no ID card – rather few loan companies accept a passport or other photo document instead.
Bank account number
In order for the loan to be transferred to our account, you must of course provide its number. It is also needed for many loan companies to verify the customer’s identity, authorize the loan application and approve the contract.