Income and outgoings assessment

FAQs

The assessment is designed to check that you can afford to borrow the amount you have requested in your application and to ensure the loan is suitable, affordable and sustainable for you. This is carried out in your home by your Agent every time you apply for a Provident loan.

As a responsible lender, we need to ensure that our loans are affordable for each customer. The assessment will check that customers can afford to repay their loan over the period it’s borrowed.

In order to assess your income and outgoing you must provide the Agent with proof of your source of income such as:

  • Payslip; in some cases 3 consecutive payslips may be required
  • Evidence of welfare payments

View the full list of accepted documentation here.

WARNING: THIS IS A HIGH-COST LOAN

Representative example: €460 loan over 26 weeks. 26 payments of  €23.00 per week. Rate of interest 60.0% p.a. fixed. Representative 187.2% APR. Total amount payable €598.00.

Provident
Provident
Provident

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