What is Bondora's loan application process?
Bondora is a 100% online web-based financial service. When applying for a loan, a personal Bondora account is created for each customer, which is used to monitor the loan application's status.
If the loan agreement has already been signed, all the documents related to the loan (e.g., the loan agreement and payment schedule) will be available on your account.
We cannot automatically deduct the monthly payments from your bank account, and you'll need to add the correct payments to your Bondora account. All the necessary payment details required (either via Trustly or Internet bank transfers) are available on your account.
We do not issue monthly invoices, but we will send you an email and an SMS reminder of the upcoming payment date before the due date. The email also contains information on payment details and the amount you must pay.