Valid identification
it’s a proof of identity usually a national id, birth certificate, driver’s license, and passport photos.
Proof of income
The person borrowing will be required to fill in their income and employer information on the loan application form. The lender is more interested in your pay records, how you are paid and how long you have worked in that particular company and the employer’s contact information.
Bank account and asset information.
The borrower will be asked to present their bank details when applying for a loan. The balances in your bank account such as savings, retirement or investment may favor you to be easily given a loan since it convinces the lender that you have means of paying your debts.
Credit score and history
Before applying for a loan, make sure your credit check is correct. This helps the lender to see if you’re good at managing your money and debts.
Social security number
When filling in the loan application form, the borrower may be asked to provide their social security number (eleven-digit number).
The social security number guides the lender to your correct credit and background information.