Are you a finance broker or a dealership looking to streamline your car loan application process? Our car loan application form is perfect for you.
Designed specifically to gather essential information from applicants, this form will help you efficiently evaluate their eligibility for a car loan, saving time and resources for both you and your clients. Feel confident in making informed decisions with the data you collect using this comprehensive form.
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Questions to include on your car loan application form
1. Applicant Information
To get started with the car loan application, we need to collect some basic information about the applicant.
- What is your full name?
- What is your date of birth?
- What is your phone number?
- What is your email address?
- What is your residential address?
2. Employment Information
Understanding the applicant's employment status and income will help determine their eligibility for a car loan.
- What is your current employment status? (Employed, Self-employed, Unemployed, Retired, Student)
- What is your occupation?
- What is your employer's name?
- What is your employer's address?
- What is your annual income?
3. Loan Details
Collecting information about the desired loan will help assess the applicant's needs and ability to repay the loan.
- What is the desired loan amount?
- What is the preferred loan term? (12 months, 24 months, 36 months, 48 months, 60 months)
- Do you have a specific car in mind? (Yes, No)
- If yes, please provide details:
- Are you trading in a vehicle? (Yes, No)
- If yes, please provide details:
4. Credit History
Asking about the applicant's credit history will help determine their creditworthiness and likelihood of repaying the loan.
- Do you know your credit score? (Yes, No)
- If yes, please provide your credit score:
- Have you ever declared bankruptcy? (Yes, No)
- If yes, please provide details:
- Have you ever had a car repossessed? (Yes, No)
- If yes, please provide details:
Asking about bankruptcy and repossession history is important because it can impact the applicant's loan eligibility and affect the terms offered by the lender.
Things to consider
- User Experience - Design the form with user experience in mind. Break down the form into logical sections, use clear labels, and provide helpful hints when necessary. This will make the form easy to navigate and understand.
- Mobile Responsiveness - Ensure that the form is responsive and can be viewed and filled out on various devices, such as smartphones and tablets, to accommodate users with different screen sizes.
- Privacy and Security - Inform users about how their personal and financial information will be used and protected. Implement security measures, such as SSL encryption, to protect the data entered in the form.
- Required Fields - Clearly indicate which fields are required to be filled out by the applicant. This can prevent users from submitting incomplete forms and save time for both parties.
- Validation - Use HTML5 validations, such as 'required', 'min', 'max', and 'pattern', to ensure the entered data is in the correct format before submission. This reduces the chances of receiving incorrect or incomplete information.
- Progress Indicator - If the form is lengthy, consider providing a progress indicator to show users how far along they are and how many steps are left. This can help keep applicants engaged and motivated to complete the form.
- Save and Resume - Allow users to save their progress and return to the form later if needed. This can be helpful for applicants who may need to gather additional information before proceeding with their application.
How to create your car loan application form
Now that you know what questions you should include, it's time to build your form!
The only problem is that traditional forms tools are inefficient.
People will forget to fill out your form. They'll get stuck halfway and not be able to finish it. Or they'll send you the wrong stuff. You end up wasting hours chasing people down over email.
That's why you should give Content Snare a try.
Content Snare is packed with advanced features that will have you hours:
- Automatic reminders - Remind people to complete their form with fully customizable reminders.
- Reject incorrect information - If a single question is filled out incorrectly, ask your client to re-do just that one item.
- Autosaving - No progress gets lost. People can fill out forms in multiple sittings.
- Comments and questions - If the person filling the form gets stuck, they can ask a question without having to email you.
Give it a go by signing up for your free 14-day trial.