Nowadays, non-bank loans are available almost immediately. This additional injection of cash can be used for any purpose. However, you need to go through the verification procedure to get this kind of support. Basic identity verification is often an inseparable element in the online borrowing process. Currently, most often we can meet verification using:
- bank transfer;
- through the application;
- phone call;
- via courier.
The verification of your application is the most important stage when granting a loan. It depends on its result whether you receive money. It is a good idea to be patient and be aware that it may take some time for verification to complete.
What does phone verification look like?
While completing the application, you will definitely notice that you need to provide your mobile number. Phone loans are available to people who do not have a bank account and cannot confirm their identity by bank transfer. Verification of all data necessary to obtain a loan takes place during a telephone conversation with the consultant of the loan company.
Unfortunately, a consultant from a loan company can call you immediately after submitting the completed form, or maybe only after a few hours. The waiting time depends on how many customers are applying for a loan at any given time.
During verification by mobile phone, the lender usually asks again about the basic personal data to confirm the information entered in the application and, if necessary, asks for other details that interest him. Such as: current financial situation, housing situation, family status, financial liabilities held.
All these questions are used to assess your borrowing capacity. It checks in this way whether a person who wants to use the services of a given company will be able to pay off their liability. Lenders prefer to know whom they are lending straight away than to waste time recovering later.
Sometimes, after completing the steps described above, the employee asks for sending documents confirming the borrower’s person. It’s about o: scan of the employment contract, bank statement, pension or retirement certificate, confirmation of work signed by the superior or accountant.
Is this the final verification?
A quick loan is a popular form of financial assistance. In the interests of the safety of their clients, non-bank institutions introduce a number of safeguards. The most common method used by borrowers is verification by presenting an ID card. Basic information is required, such as: name, surname, number and number and series of this document. The company granting loans requires a symbolic bank transfer, usually for USD 1 or USD 1. The banking operation must be carried out from the borrower’s account.
Some institutions still prefer the method of data verification by courier. This method can successfully replace telephone verification and penny transfer. During a visit to the borrower’s home, the courier is required to check the customer’s details based on his / her ID card. This is not synonymous with receiving the so-called loans with home delivery – the courier does not hand over the money.
In addition to bank transfer verification, companies also use tools such as Instantor, which allow you to confirm your identity. In addition, employees of most non-bank institutions check data in registers. Also, keep in mind that some lenders require an income certificate. In such cases, it is worth presenting the required document in person or by e-mail as soon as possible. Lenders try to eliminate situations when the borrower is insolvent and unable to pay back the loan he has taken out.