17 Aug 2020
Do you need a little extra cash and have decided that a personal loan is right for you? In order to take out any sort of loan, you'll need a number of essential documents on hand to proceed with the loan application – from personal identification to payslips and more.
In the early stages of research, it can be difficult to know exactly what you need, so we've put together a guide to help you determine what you need to apply for a loan.
One of the most important aspects of taking out a loan is having the ability to repay it, which is why proof of income and bank statements are so important when you're applying for a personal loan. By proving you have an established history of employment and regular pay cheques coming in, a lender will be more comfortable giving you a loan.
In order for a lender to verify your income, you'll need documents such as:
When taking out a loan with us at Sunshine Loans, we also have a few other requirements of our borrowers:
When supplying us with an income, you'll need to provide it in one of the following forms:
Another thing you will need when applying for a loan is a rough estimate of your expenses. This includes a number of things including:
Another form of important documents you will require for taking out a personal loan is personal identification. This is purely for security reasons.
Preferred forms of identification when applying for a Sunshine Loans small loan are:
If you don't happen to have any of these, we can also accept:
When it comes to what you need to apply for a loan, we may also need to verify your employment.
Are you ready to apply for a small personal loan up to $2,000? Apply with Sunshine Loans today, and take the stress out of your finances. We can help you pay for car troubles, veterinary bills, school fees – just about anything you need.
Before applying, please consider if a loan is right for you.