Filling in A Credit Application Template
When you are going to request a loan from lender or bank, you have to fill-in a credit application template. For the assessment of loan you request, you have to meet criteria of the entity. They use it to approve your loan. If you want to credit a loan, then you will have to submit some important documents. You need to complete filling out an application form. You also have to show proof of income as like pay slip, and photocopy of national identity card. The bank has the authority to reject or refuse your credit application too. Detailed information included in the form is usually used to determine your credit history. Not only that, they use them to check your employment status and your ability to repay the loan.
In the credit application form, there are four sub-headed that you should fill in. First is client’s detail information which contains full name, business name, address, city, state, ZIP code, phone, title, and tax ID number. Second is company information. It includes things like the type of business, legal form under which business operates, division/subsidiary, the name of parent company, and name of the company responsible for business transactions with the address. The third is bank reference and last is trade reference. An application form from one bank to another is different. You will have to be careful in filling in the form.
Credit application template – download