List of Documents Required to Apply for a Personal Loan in Ontario

Applying for a personal loan in Ontario requires you to provide specific documents that are approved by the government. Lenders use these documents to check your background, your financial stability, your past & current employment, and most importantly, your creditworthiness. These documents typically include proof of identity, proof of stay, proof of your employment and many more. Below is a comprehensive list of documents you may need when applying for a personal loan in Ontario, Canada.

List of Documents Required to Apply for a Personal Loan in Ontario

1. Proof of Identity

   To be legally eligible to apply for a loan from Lenditt, you must be a Canadian citizen holder, with an age between 21 to 64 years. Lenders look for your full and true name, correct address, phone number and other information to process your loan application. Identity Card: Photo ID issued by the government, like a Driving Licence, PR Proof, Passport, or Ontario’s Health Card.

   
   

2. Proof of Income

   Pay Stubs: Providing pay stubs or wage statements helps a lender get a clear vision of your income. It is a document your employer provides you that states that an apt income gets credited to your Chequing or Savings Account every month. Other than that, it also defines your gross, earning and other income-related information. Employment Letter: Employment letter confirms your job status, position and salary. Bank Statements: Last 3 months of bank statements that show a consistent salary deposit every month.

Financial emergencies are uninvited guests of life; you never know when you will receive one. Having the necessary documents helps you speed up the process of receiving financial support when you actually need it. Each lender has slightly different credit and document requirements. So, it is advisable to check the checklist of documents before applying.

If you are looking for a quick loan with minimum documentation, then Lenditt is your answer! Lenditt facilitates the online loan application process for small loans with online documentation. You do not need to step out, you do not need to wait in a queue, and you do not need to wait for days. You just need to apply from wherever you are!!