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Do you know what the documents required to apply for a loan?
Obtaining a loan can be the ideal solution to achieve your dreams and goals, whether it is to invest in a business, finance studies, renovate your home or even pay off debts.
However, to ensure a smooth application and increase your chances of approval, it is essential to present complete and up-to-date documentation.
Don't stop reading, as in this text you will find all the necessary information about the documents required by financial institutions to apply for a loan.
We will cover the basic and mandatory documents, as well as those that may be requested in specific cases, such as loans with collateral or for those with bad credit.
So, be sure to check it out and stay well informed.
Documents required to apply for a loan: basic and mandatory
In this topic we will talk about the main documents needed to apply for a loan, which are the basic and mandatory ones, which are the ones you would never leave home to apply for credit without.
The first on the list is the ID, which is the main identification document in our country. It is requested in most credit operations, in some cases, it can be replaced by the CNH.
It is also valid as an identity document, if it is in good condition and within the validity period.
It is important to check whether the CNH has the appropriate category to drive the type of vehicle that will be used as collateral for the loan (if applicable).
THE CPF It has the same importance as the identification document, and it is impossible to apply for any type of credit without it being regularized.
This is essential for opening any bank account or applying for credit. Make sure the number is correct and legible on the document.
In the list of documents required to apply for a loan, also enters the proof of income.
However, currently, with the reduction of bureaucracy in digital accounts, it is possible to find loan options that do not require proof of income.
+ The 5 Credit Card Options That Don't Require Proof of Income
This document demonstrates your ability to repay the loan. Financial institutions generally accept the following documents:
- Pay slip with company information, position, salary, discounts, issued within a maximum of 3 months;
- Paycheck;
- Bank statement;
- Income Tax Declaration (for self-employed workers).
Additionally, in some cases, other proof of income may be accepted, such as pensions, rent, INSS benefits, among others.
However, it is important to consult the financial institution to find out which documents are valid.
Documents required to apply for a loan: proof of residence
Proof of residence is also an important document when applying for a loan.
However, it is more useful when the credit is requested in person.
It proves your current address, and institutions accept documents such as:
- Electricity, water, gas, or landline telephone bill;
- Bank statement;
- Rental agreement;
- IPTU booklet.
Some documents may have specific requirements, such as an original signature, company stamp, or recent issue date.
Therefore, as already mentioned, it is important to consult the financial institution to obtain precise information about the necessary documents.
It is still advisable to keep your documents up to date and in good condition.
What documents are required to apply for a secured loan?
Secured loans offer several advantages, such as lower interest rates and longer repayment terms.
However, to apply for this type of credit, it is necessary to present some specific documents, in addition to the basic and mandatory documents that we mentioned previously.
Specific documents, for example, include:
- Property deed;
- Certificate of real encumbrances;
- Property appraisal report;
- Certificate of no condominium debts;
- Updated property registration;
- Negative IPTU certificate;
- Negative ITR certificate.
In the case of a loan secured by a vehicle, the vehicle's DUT, licensing and insurance may be requested.
In loans secured by another asset, some type of document is generally requested to prove ownership of the asset given as collateral.
In addition to some kind of property appraisal report, which can be carried out by a qualified professional.
+ Learn about loans secured by a vehicle
Is it possible to take out a loan using just your CPF?
Yes. However, there are a few points to highlight.
A modern and simple way to apply for an easy-to-approve loan is through digital accounts.
When opening an account, you fill in your personal details, address and income, and also send a photo of your identification document and a selfie to ensure the security of your account.
Therefore, by using this digital account for a while and the services it offers, you can have access to a pre-approved credit limit.
When running a simulation, you can request credit without sending any further data, as your data is already saved in the company's system.
In some cases, such as Inter, other documents may be requested, such as proof of income.
But it's not one of the documents required to apply for a loan in this case, however, it increases the chances of approval.
In addition to Inter, you can apply for a loan without bureaucracy at the following banks and financial institutions:
Conclusion
In this text you discovered what the documents required to apply for a loan.
Some documentation may vary according to the rules of each bank or financial institution.
However, don't worry, as the company usually advises you of the documents required and the conditions that each one must present.
If you do not have easy access to this information, you can contact your bank and request it.
