Our loans are known, among other things, for the minimum formalities that are necessary when applying for them. However, this does not mean a complete lack of requirements – you still need to prepare basic documents. The type and amount of such documents depend on the rules set by the company because each lender has its own rules. The requirements also change depending on the type of loan.
When applying for a loan from a non-bank company, you must have an ID card. In addition, the company may require confirmation of income received, e.g. in the form of an employment contract, account statement or pension slip. It is worth remembering that many lenders also accept mandate or specific work contracts, income from occasional work and other sources.
How to get a loan online with bad credit now
Certainly, the most convenient and the fastest solution is a loan online with bad credit. Indeed, some of the loan companies require their clients only a document that confirms their identity, as well as the fact of possessing Polish citizenship and coming of age. In this case, a scan of the evidence can be delivered by e-mail. If we apply for such payday loans, we can prepare a scan in advance and send it in a few moments. However, you should remember to be careful – if you send this type of document, make sure that the request really comes from a loan company and you are not attempting a phishing scam. In addition, instant payments via the Internet require a telephone to enable direct contact and a bank account to which money will be transferred if the application is successful.
Sometimes private loan companies will also require you to provide income certificates. The purpose of such requirements is to determine the customer’s creditworthiness. Good creditworthiness means that the borrower will be able to cover all expenses related to his livelihood and at the same time pay off the commitment. Such requirements can be made in the case of installment loans, which are granted for example for 12 months. The more income we receive, the more likely we are to get a commitment for the amount we need. For this reason, it is worth documenting all receipts. To do this, you will need to go to the employer and ask for a relevant certificate. For example, providing a copy of your employment contract may be another option. It is worth remembering that the income includes not only remuneration received from work, but also funds from other sources, e.g. maintenance or renting an apartment. Other documents that may be required for a loan are, for example, a utility bill confirming your place of residence or an additional document confirming your identity. In most cases, however, you don’t have to do so many formalities. Loan companies often expect only to provide information on their income and workplace without having to confirm these facts in a formal way. Such a statement made by the borrower is enough to submit an application.
Some payday loans can be obtained after presenting a bank statement that will document the income and expenses of recent months. This is information for the loan company, which on this basis can assess the borrower’s financial capacity, i.e. verify its revenues and expenses. You can generate the statement yourself or have it prepared for your bank. However, one should take into account that the issue of such a document by the bank will be associated with costs. In such a situation, a loan based on an ID card may be a cheaper and faster option.
Loans for pensioners
Payday loans for 18 years have been granted to people who have various sources of income. They are also often used by pensioners. These people can easily prove getting receipts. To do this, simply provide the lender with the episode received from the postman or confirmation of transfer to your account. However, you must remember to keep such episodes because the loan company may require proof of income in a few months.
If you take out a loan, of course, you must sign the appropriate contract that will govern all the rules for such a commitment. The contract is sent by the lender after the application has been approved. It can be sent in an electronic version or delivered by courier. The document signed in the presence of the courier is immediately sent back to the company. If you use payday loans online, it’s a good idea to read the lender’s website carefully. You can often find a framework loan agreement there that will read the terms carefully before we complete and send your application. Of course, before signing on such a contract you must once again read its content and check that it does not contain any unwanted entries.