Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

What documents do you need to apply for a personal loan?

Keep the application process quick by having the information you need ready.

When you’re ready to fill out a personal loan, you’ll need to have quite a bit of information and documentation nearby to enter onto your application. Understand what most lenders want to see and why so you can apply without wasting time.

What counts as a government-issued ID?

Lenders typically require at least two forms of government-issued identification. While many will prefer a driver’s license number and recent bill, these will usually all be acceptable forms of ID:

  • Driver’s license
  • Passport
  • State ID
  • Birth certificate
  • Certificate of citizenship
  • Utility bill(s)
  • Military ID

How do lenders verify my income?

Almost every lender requires you to meet a minimum income requirement. When you fill out the application form, lenders will need the some basic information and details to verify your income.

  • Bank statements
  • Pay stubs
  • Tax returns

What other financial information do lenders require?

Lenders usually require information about your assets, debts and liabilities, so be sure to have a few other documents on hand when you apply.

  • Current credit card and loan statements
  • Prove additional/alternate sources of income
  • An estimation of your current expenses
  • A current rent or mortgage statement

How do lenders verify my employment?

Many lenders will ask for your employer name and phone number in the full application. But your pay stubs and direct deposits are usually enough to satisfy a lender’s employment verification. If needed, the lender can get in touch with your employer to verify your employment and income details. However, this is more common with mortgages than personal loans.

Compare top online personal loans

1 – 8 of 8

Name Product Filter Values APR Min. Credit Score Loan Amount
Credible personal loans
3.99% to 35.99%
Fair to excellent credit
$600 to $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Best Egg personal loans
5.99% to 35.99%
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
Upstart personal loans
5.4% to 35.99%
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Upgrade personal loans
5.94% to 35.97%
$1,000 to $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
LendingPoint personal loans
7.99% to 35.99%
$2,000 to $36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
SoFi personal loans
6.99 to 22.23%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
LendingClub personal loans
6.34% to 35.89%
$1,000 to $40,000
A peer-to-peer lender offering fair rates based on your credit score.
Monevo personal loans
1.99% to 35.99%
$500 to $100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.

Compare up to 4 providers

Will I need to provide extra information to buy a car?

Yes. Secured loans require extra documentation so the lender can verify the worth of the collateral. These details will need to be confirmed with the lender before you apply and especially before you purchase the asset. Expect to provide any of the following documents when applying for a car loan:

  • Car insurance policy
  • Dealer tax invoice (if purchasing from a dealership)
  • Car registration number
  • Vehicle ID (VIN) number
  • How much you paid for the car
  • The contact information of the seller (dealership or private seller)

These documents may not be needed at first. Many lenders allow you to fill out a preapproval application to see how much you may be able to borrow before you visit a dealer. This can help with the negotiation process.

3 quick tips to speed up the application process

  1. Know what’s needed before you start. To get everything organized, check the full list of required documents before you start your online application.
  2. Scan all your documents. It’s a good idea to have an electronic copy of your important documents. It provides easy access whenever you need to complete an online application and could serve as a backup in case you lose the original.
  3. Start now, finish later. Take advantage of the save and complete later function offered on most online application forms if you don’t have everything ready. You’ll be given login details to come back later.

Bottom line

By knowing what exactly what documents you’ll need, filling out your loan application can be quick and stress-free. Once you know what to expect, you can confidently compare a range of personal loans and apply without worrying about the application taking forever to complete.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

2 Responses

  1. Default Gravatar
    JaisonDecember 6, 2018

    Ok. Would like to see what I would cost me to get 100k loan if you have a spreed sheet or something to breck it do for me I’m definitely interested but just want to make sure I like the terms before committing

    • Avatarfinder Customer Care
      ValDecember 11, 2018Staff

      Hi Jaison,

      Thank you for leaving a question.

      While we are unable to give you a breakdown of your loan cost, basically, there are two factors that impact how much a personal loan will cost you: the interest rate and the fees which make up what’s known as the annual percentage rate (APR) or the annual total cost of a personal loan.

      You can use our table to compare $100,000 personal loans in terms of their APRs to help you determine which loan option is the least expensive. Then, you can get a quote directly from your preferred lender by clicking the “Go to Site” button to see more details about their loan offer including the interest rate and a breakdown of all the charges and fees.

      Make sure you meet all the eligibility requirements and review the loan terms and conditions before applying and making a decision on whether it is right for you.

      I hope this helps.


Go to site