Monabanq

The basic requirements to apply for a loan on Monabanq include:

• •   Valid ID: Applicant must provide a valid identification document (EU ID or residence permit).
• •   Age requirement: Applicant must be at least 18 years old.
• •   Residency: Applicant must reside in France (including overseas territories).
• •   Phone number: A valid French phone number must be provided.
• •   Proof of address: A valid proof of residence must be submitted.
• •   Initial deposit: A first payment is required to activate the account.
• •   Bank account (SEPA): Initial funding must come from an account in the SEPA zone in the applicant’s name.
• •   Income requirement: No minimum income required (key differentiator).
• •   Creditworthiness: Required for access to credit products such as loans or overdrafts.

To apply for a loan with Monabanq, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.

Alternatively, you can download the lender's app on Google Play StoreorApple App Store.

This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.