Personal and Financial – Snapshot
After setting up your account, Kravings will ask for a few important details about your personal and financial details. This helps us understand your financial situation and tailor your loan options.
Below is a step by step guide on how to complete each step of the Kravings Loan application journey.
1. What is the reason for your loan?
Choose the purpose: Dream Vacation, Pay Off Debt, Home Makeover, etc.
2. Before beginning your application, please ensure that you:
Meet the eligibility criteria: Over 18 and UK resident for 3+ years Minimum £12,000 annual income Receiving income (employment or pension) Have a bank account with Direct Debit
3. How much would you like to borrow? Select a loan amount (£1,000–£15,000) and repayment term. Then select the box my credit score is.
4. Full legal name and date of birth
Enter your: First and last name Preferred name (optional) Date of birth
5. What is your current home address? Enter your postcode to search for your address. If no address is found, select enter it manually. Fill in house number, street, town/city, and postcode. Next page will ask 'How long have you lived at this address?' Select duration. If less than 2 years, a second address will be required.
6. Confirm your personal details are correct Review and submit: Name, DOB, and address. Once submitted your will see the a message Hold tight – we’re checking your eligibility Credit check begins. Takes less than 60 seconds.
7. After 60 second you will come to the following screen if you pass a soft search. You're only one step away from your offer Tap Next on the “Your Finances” tab to continue.
8. The next steps will be questions related to your housing status? Choose from: Homeowner (with/without mortgage) Renting Living with parents Other. Select next and you come to How much do you spend on housing each month? Enter your share of rent or mortgage.
9. Now we will ask about your employment
How many jobs do you have that pay an income? Choose from 0, 1, 2, or 3+. 14. What’s your employment status? Select: Employed Self-employed Are you a director of a limited company?
Select your occupation type Choose: Full-time, Part-time, Contractor, Temporary, Zero-hours, etc.
What is your annual income before tax? Enter: Gross annual income Employer’s name Duration of employment and whether you plan to resign.
Do you receive any additional income? If Yes, you'll be asked to: Toggle on sources: Benefits, Pensions, Child Maintenance, Rental Income Provide monthly amounts
Finally do you foresee any changes to your circumstances that may affect your ability to repay your loan? If Yes, explain briefly (e.g. job changes, health).
10. Bills and credit commitments
How much do you spend on bills and utilities each month? This is your monthly share if you split the Day-to-day expenses (food, petrol, travel) Utilities Insurance
How much do you pay towards loans and credit cards each month? Include: Auto loans Personal loans and credit card payments
Have you paused any loan payments in the last 12 months? If Yes, provide a reason (e.g. between jobs, financial difficulty).
11. Dependent's section will request- Do you live with a partner? If Yes, include their annual income if applicable hit next and you come to How many children live with you? Specify number by age group.
12. Final Review - Does everything look correct? Check and confirm all details: Housing Income Job Expenses Dependent's
13. Once submitted, your application will be reviewed by our Credit Team. You’ll receive an update in the app within 48 hours—often much sooner!