Tips for Getting a Pre-Approved Personal Loan - Loan Trivia


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Wednesday 11 May 2016

Tips for Getting a Pre-Approved Personal Loan

You might receive pre-approved loan offers if you hold a salary account or have a great track record with a lender. Here’s all you need to know about a pre-approved personal loan requirement. Here are some ideas about Pre-Approval Process.

The pre-approval process comprises the following steps:
  • Fill out a loan application and provide the lender with the relevant documents concerning your financial condition.
  • Lender will review the documents provided in the preliminary assessment.
  • Loan Provider Company will give you a quote highlighting the amount they're willing to provide, along with the rate of interest chargeable on the loan.

Document's Required in Pre-approval Process:
  • A completed and signed application form
  • Identification documents
  • Proof of income e.g. payslips, tax returns etc.
  • Proof of expenses
  • Details of assets, liabilities and debts e.g. credit cards, loans
  • Proof of deposit
  • Credit history 
  • Proof of employment
So, tips keep in mind before applying for a pre-approved personal loan. Read the reference tutorial which get you idea on Pre-approved personal loan.

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