DOCUMENTS REQUIRED FOR A PERSONAL LOAN

The process is relatively simple and straightforward if it is your first time applying for a loan. The lender will guide you on how to get any documents you are unsure of. When applying for a personal loan, you will be asked to provide the lender with certain documents to assess your affordability and whether you can repay the loan. The lender will then use this information to determine whether or not to provide you with a loan and on what terms. They will also do a credit check to see your repayment history.
You will need to give the lender the following documents:

1. 1. Proof of identity;
2. 2. Proof of income (salary slips);
3. 3. Three months bank statements;
4. 4. Employment contract;
5. 5. List of your monthly expenses.

The above list may vary from lender to lender, and the list will also depend on the type of loan you want. To avoid delays, you must provide all the information as accurately and quickly as possible. To summarise, If you are unsure, you can phone or email the lender regarding any queries. They will then guide you through the process. The lender wants to see you succeed because when you succeed, so do they.