It’s hard to make informed lending decisions without accurate client information. This is rarely an issue for smaller organizations, but many lenders collect detailed information from hundreds or even thousands of clients.
In this case, a personal loan questionnaire can be your shortcut to productivity. A ready-made template helps you collect all the necessary data to evaluate loan applications and minimize risk.
In this post, we’ll present some of the most important questions to include in your personal loan intake form.
40+ questions to add to the personal loan questionnaire
You can use this questionnaire template as-is to gather information about applicants’ financial situation, creditworthiness, eligibility, and loan needs. Another option is to tailor it based on the preferences of your business.
Note: We included a few screenshots to show you what it’s like to build a questionnaire using Content Snare. You can access our ready-made personal loan intake form for free through the template library. |
Applicant information
This section collects basic details about your client to help you confirm their identity and understand their background.
1. Full legal name
2. Current residential address
3. Date of birth
4. Marital status
This can be single, married, or divorced.
5. Do you have any dependents?
If yes, please provide dependents’ names and addresses.
Employment details
It’s important to gather accurate information about your client’s job stability and work history.
6. Please specify the details of your current employer.
This includes your employer’s full legal name, address, email, and phone number.
7. What is your current job title and department?
8. What is your employment type?
This can be full-time, part-time, or on a contract basis.
9. How long have you been employed there?
Income and expenses
Understanding the applicant’s monthly income and expenses provides insight into their financial health and ability to repay the loan.
10. What is your gross monthly income?
11. Do you receive any additional income from side jobs or investments?
If yes, please specify.
12. What are your average monthly living expenses?
Think about expenses such as rent/mortgage, utilities, groceries, medical expenses, and similar.
13. Do you have any recurring financial obligations or monthly payments such as alimony or child support?
If yes, please provide details.
14. What is your current monthly savings amount?
Credit history
Use these questions to analyze clients’ past financial challenges or credit issues to accurately assess their creditworthiness.
15. Have you ever declared bankruptcy or been involved in a debt restructuring program?
If yes, please provide details.
16. Do you have any outstanding credit card balances?
If yes, please specify the amount.
17. Have you ever defaulted on a loan or credit payment?
If yes, please provide details.
18. Have you been denied credit or a loan in the past five years?
If yes, please provide details.
Existing debts
A comprehensive list of current debts or financial obligations will help you understand your client’s financial commitments.
19. Do you have any existing loans or debts such as a mortgage, personal loan, car loan, credit card debt, and similar?
If yes, please provide details.
20. What is your total outstanding debt amount across all credit accounts?
21. Are you currently making payments on any student loans?
If yes, please provide details.
22. Do you have any unpaid tax obligations or liens?
If yes, please provide details.
23. Are there any co-signed loans for which you are responsible?
If yes, please provide details.
Loan purpose
Determine the specific purpose of the loan and the amount requested to make sure it aligns with your lending criteria.
24. What is the primary purpose of the loan you are applying for?
25. How much money do you need to borrow?
26. What is the expected timeframe for using the requested loan funds?
27. Have you applied for similar loans with other financial institutions?
If yes, please provide details.
Collateral
Use this set of questions to evaluate the assets the applicant is willing to offer as collateral to secure the loan and mitigate risk.
28. Are you willing to provide collateral for this loan?
If yes, please describe the asset(s).
Instructions: Collateral is an asset that a borrower offers to a lender as security for a loan, which the lender can seize if the borrower fails to repay the loan.
29. What is the estimated market value of the collateral you intend to provide?
30. Have you used this asset as collateral for any other loans?
If yes, please provide details.
31. Are there any legal disputes or encumbrances on the collateral?
If yes, please provide details.
Financial references
Some lenders contact financial references provided by the applicant to verify their creditworthiness and financial reliability.
32. Can you provide the contact details of a financial reference who can vouch for your creditworthiness?
If yes, please provide their contact information (name, address, email, phone number).
33. Do you have an accountant or financial advisor?
If yes, please provide their contact information (name, address, email, phone number).
34. Have you maintained a long-term banking relationship with a specific financial institution?
If yes, please provide the name of this institution.
Legal declarations
These questions allow you to review any legal matters disclosed by the applicant that may affect their financial situation or your lending decision.
35. Are you involved in any current or pending legal proceedings?
If yes, please provide details.
36. Have you been convicted of a financial crime in the past ten years?
If yes, please provide details.
37. Are you currently under any legal obligations that could impact your financial standing?
If yes, please provide details.
38. Do you understand the legal consequences of providing false information on this loan application?
Consent and authorization
This section confirms that the applicant consents to necessary credit checks and information sharing, and agrees to provide additional documentation if required.
39. Do you consent to a credit check as part of this loan application process?
40. Do you agree to provide any additional documentation if requested to support your application?
41. Do you authorize us to share your application information with affiliated financial institutions for the purpose of loan evaluation?
42. Signature
43. Date
Customize your questionnaire with Content Snare
Content Snare gives you a shortcut to creating a tailored questionnaire that suits the needs of your business. Our built-in personal loan questionnaire template contains all the questions listed above, but you can adjust it within minutes using intuitive form-making features:
- The drag-and-drop builder helps you easily rearrange questions or entire sections/pagesÂ
- Dozens of field types make it simpler to collect the right information or documents
- Automatic reminders set you free from time-consuming email communications
- In-form conversations allow you to provide additional instructions if your clients get stuck
Content Snare helps many businesses transform their document collection processes. Some of them even end up saving $1,000 per client thanks to a more efficient onboarding procedure.
The best part is that you can try the tool for free — just sign up for a 14-day trial and let Content Snare streamline your loan application process.