Loan Application Form Template

What is a loan application form?

A loan application form is a digital form that collects personal and financial information from individuals seeking a loan. It includes details such as income, employment history, credit score, and intended use of the funds. This form is vital for lenders to assess the borrower's eligibility and make an informed decision on loan approval.

Important fields to include in a loan application form

Here are some key fields that you can include in your loan application form. You can customize these fields according to your specific needs.

Field Name	Why to Collect	Compulsory/Optional	Input Type
Full name	To identify the applicant	Compulsory	Text
Email address	For communication and verification	Compulsory	Text
Mobile number	To contact the applicant if required	Compulsory	Phone number
Date of Birth	For age verification	Compulsory	Date
Address	To verify residency	Compulsory	Text
Employment status	To assess financial stability	Compulsory	Dropdown
Monthly income	To assess repayment capacity	Compulsory	Number
Loan amount requested	To determine loan eligibility	Compulsory	Number
Loan purpose	To understand loan usage	Compulsory	Dropdown
Loan tenure	To determine loan repayment period	Compulsory	Number
Existing loans	To assess existing financial obligations	Compulsory	Dropdown
Monthly loan payment	To understand existing loan repayment obligations	Conditional	Number
Collateral offered	To secure the loan	Optional	Text
Credit Score	To assess creditworthiness	Compulsory	Number
Additional Information	To provide any additional relevant details	Optional	Text

How can I create a loan application form?

You can create a loan application form using any online tool that allows you to create forms, like Google Forms, Typeform, etc. You can also use Mailmodo to create and send forms in your emails.

How can I send a loan application form in an email?

Before we get into the how, let’s understand the why.

Why should you send this form in an email?

Inserting your loan application form in your emails allows you to reach out to your existing email list and have them fill out the form within the email itself. This reduces friction and cuts down on multiple steps like redirects, logging in to another page, etc., increasing the number of submissions.

For example, BluSmart saw a 35% increase in responses by sending interactive emails using Mailmodo.

Now, let’s come to the how.

If you want to send this loan application form in an email, you can use Mailmodo. Mailmodo is an all-in-one interactive email marketing platform that lets you create and send such interactive forms in email without any coding. Here’s an interactive demo to get you started.

How to increase submissions for your loan application form

You can increase the submissions of your loan application form by making them user-centric and easy to complete. We’ve created an exclusive guide that discusses 12 things you can do to increase form submissions.