Template Ideas

Credit application forms

credit application forms

Looking to streamline your credit application process? This comprehensive credit application form is perfect for Mortgage/Finance Brokers and Banks who want to simplify and improve their customer experience.

With essential questions grouped into clear categories, this form ensures you collect all the necessary information, so you can evaluate your client's eligibility in no time. Start using this form today and watch your efficiency soar!

Tired of chasing people to fill out your forms? Try Content Snare

Content Snare is like a forms tool on steroids. Autosaving forms mean no progress is lost. Automatic reminders mean you can relax knowing your forms will get finished without you having to chase people down. 

Questions to include on your credit application forms

1. Applicant Information

This section is essential for gathering basic personal details about the applicant.

  • Full Name:
  • Date of Birth:
  • Social Security Number:
  • Email Address:
  • Phone Number:
  • Address:

2. Employment Information

Understanding the applicant's employment situation is crucial for assessing their ability to repay the credit.

  • Employer Name:
  • Job Title:
  • Employment Start Date:
  • Monthly Income:

3. Financial Information

This part is crucial for getting a clear picture of the applicant's financial situation and creditworthiness.

  • Total Monthly Debts (e.g., loans, credit cards):
  • Bank Account Balance:
  • Have you ever filed for bankruptcy? (Yes, No):
  • Have you ever had a foreclosure? (Yes, No):

4. Loan Information

This section helps you understand the specifics of the loan/credit the applicant is seeking.

  • Loan Purpose (e.g., home purchase, refinance, home improvement):
  • Loan Amount Requested:
  • Preferred Loan Term (e.g., 15 years, 30 years):
  • Down Payment Amount (if applicable):

5. Property Information

Gathering property-related information is essential for mortgage/finance brokers and banks to assess the collateral involved.

  • Property Address:
  • Property Type (e.g., single-family, multi-family, condo):
  • Estimated Property Value:
  • Property Purchase Date (if applicable):

The “Loan Purpose” and “Property Type” questions are important because they help you understand the applicant's intentions and the collateral involved in the transaction. This can impact the applicant's eligibility for certain loan programs or affect the loan terms.

Things to consider

  1. User-friendly Design - Ensure the form has a clear layout, simple navigation, and uses easy-to-understand language. This will help applicants complete the form quickly and accurately.
  2. Accessibility - Make the form accessible to all users, including those with disabilities, by using proper HTML tags, ARIA labels, and providing alternative text for images.
  3. Required Fields - Clearly mark required fields and provide helpful error messages when users fail to complete them. This will prevent frustration and ensure you receive essential information.
  4. Save and Resume Feature - Allow users to save their progress and resume filling out the form later. This can be particularly helpful for lengthy forms that may require users to gather additional information.
  5. Progress Bar - Add a progress bar to show users how far they are in the form and how many steps remain. This can help applicants gauge the time needed to complete the form and prevent abandonment.
  6. Data Validation - Implement real-time data validation to ensure accurate and consistent information. This will save time on manual corrections and improve the overall quality of the data collected.
  7. Security and Privacy - Protect sensitive and personal information by using secure data transfer protocols (e.g., HTTPS) and encrypting the data. Ensure you have a clear privacy policy that informs users how their information will be used and protected.

How to create your credit application forms

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

Get the information you need without chasing people

Content Snare is the stress-free way to get information from anyone. Break free of your inbox and reclaim your time. Let Content Snare chase your clients for you.