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How do borrowers apply for a loan?

Borrowers can only apply for a loan from Bondora through its website. Bondora collects the following borrower data and information in order to process the application:

  • Personal information
  • Contact information
  • Socio-demographic data
  • Employment information
  • Income data
  • Data on outstanding liabilities
  • Supporting documentation

The application must then be evaluated with respect to Bondora’s responsible lending policy, which includes rules and requirements regarding applicant age, income and over-indebtedness. If the prospective borrower passes the policy rules check, the borrower’s credit score is calculated and a conditional loan offer is made.