What are the requirements to apply for a loan? Generally, there are three (3) major document types that will be required:
• General Requirements
• Income Requirements
• Collateral Requirements
Note that requirements for loan approval depends on many different factors. These can include employment type, employment industry, loan type, property type, and other things like a banks unique requirements.
It is therefore not possible to provide one standard list of requirements that fits all borrowers and their unique circumstances.
That is why Nook is built on technology that does this work for you. We will guide you every step of the way and helping with the requirements to get your loan approved.