Loans can bring temporary relief to the financial situation of a person and they can increase the wealth of the lender by 10 to 25%. If you’re a small lender, you can create a shareable loan application form with the FormsBook form builder and share it with people in local groups. The form will have options that the users must select and text fields where the user must enter the required details. Here’s a sample form built using FormsBook:
Our sample loan application form (demo URL) lets users enter the name, contact number, and address. The form has a textbox to enter the user’s last 6 months average salary, and current employer. The form has two dropdown lists. One to choose the user’s work experience and another to select the reason for applying for the loan. The user can select one of these four reasons – medical use, setting up a new business, investing in a new business, and school. The lender aka form owner will process the entered information or will go through the entered information and will either contact the person and tell him to visit his place with the salary slips, government ID, etc. With FormsBook, you can create a similar loan application form or a different one having fields/options of your choice (loan amount, duration, etc).