Income and outgoings assessment

FAQs

The assessment is designed to check that you can afford to borrow the amount you have requested and is carried out by your Agent every time you apply for a 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.

The Affordability Assessment will be completed as part of your loan application process. It will take place when your Agent comes to your home to discuss your loan requirements.

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

  • Salary slips
  • Evidence of welfare payments

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

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