Loans with ID only in Colombia — what it really means
Explanation of what "ID only loan" actually means in practice when applying in Colombia. This content is for guidance and does not replace direct consultation with financial institutions or specialized advisors.
Last updated: 2026-02-01
It's important to clarify that "ID only" generally does not mean there's no verification or that your ID is the only data requested. In practice, lenders usually require confirmation of personal data, contact information, and additional identity verification. Be especially cautious if they request advance payments or handle communication exclusively through informal channels like personal WhatsApp.
What does "loan with ID only" mean?
The phrase "loan with ID only" generally refers to online loans where the Colombian citizenship ID is the main document required for application. However, this expression can be misleading, as most lenders need additional information to assess credit risk.
In practice, "ID only" means the ID is the starting point of the process, but not necessarily the only requirement. Lenders use this term to highlight that the process is simpler than traditional bank loans, which require multiple documents and in-person procedures.
It's important to understand that any legitimate lender must perform some type of verification before granting credit. A process that literally only requires your ID, without any other validation, may be a sign of a fraudulent offer.
What they usually ask besides your ID
Although promoted as "ID only", most legitimate lenders request additional information during the process:
Contact information
- Cell phone number: To verify identity and send confirmation codes during the process.
- Email address: Communication channel for sending documents and loan notifications.
- Personal references: Names and phone numbers of contacts who can confirm personal information.
Verification and identity
- Basic employment information: Workplace, employment type or income source, even if general.
- Income verification: May be through database queries or applicant declaration.
- Authorization for inquiries: Permission to check information in credit risk databases.
- Digital signature or acceptance: Electronic confirmation of loan terms and conditions.
Disbursement
- Bank account: To make loan disbursement, although some lenders use digital wallets.
- Digital wallet: Some lenders can disburse through digital wallets, depending on the case. Learn more about how to get credit without a bank account.
The amount and type of information requested depends on each lender, the loan amount, and internal risk assessment policies. Check our complete guide to online loan requirements to know all documents you might be asked for.
Who might find it useful
Loans promoted as "ID only" may be an option for certain situations, though always with caution:
Possible candidates
- People with limited access to documentation: Those who don't have the complete documentation required by traditional banking processes, including self-employed workers.
- Minor emergency situations: Cases requiring small amounts quickly.
- Those looking to rebuild credit history: People who need to start generating credit references with manageable amounts.
When NOT recommended
- If you need large amounts: "ID only" loans are usually for smaller quantities.
- If you can access traditional options: Banks and cooperatives usually offer better terms.
- If you don't have clear payment capacity: Without stable income, any loan can generate bigger problems.
- If there's pressure to decide immediately: Financial decisions require time and analysis.
Risks and warning signs
The apparent simplicity of "ID only loans" also attracts scammers and abusive lenders. It's crucial to verify that the lending company is legitimate before sharing any personal information.
Be especially careful with terms like "limit", "activation", "insurance" or "processing" when used as justification to request advance payments. These words are often part of fraudulent strategies.
Signs of possible scam
- Advance payment: If they ask you to transfer money before disbursement for any reason, it's very likely a scam.
- Communication only via WhatsApp: Legitimate lenders have verifiable official channels, not just personal messaging.
- Guaranteed immediate approval: No serious lender can guarantee approval without prior evaluation.
- Request for banking passwords: Never share PIN, passwords or access to your personal accounts.
- Extreme time pressure: Phrases like "today only" or "last hours" are pressure tactics typical of scams.
- No formal documentation: A legitimate loan always includes a written contract with clear terms.
Legitimate financial risks
- Higher rates: Process ease may be compensated with costs higher than traditional options.
- Short terms: Shorter payment periods can generate higher installments.
- Limited assessment: Without deep analysis, you may receive an amount inadequate for your situation.
- Credit impact: Defaults affect your credit history, limiting future credit options.
Checklist before sending your ID
Before sharing your ID or any personal information, verify these security aspects:
Lender verification
- Confirm the company has verifiable official registration
- Search for the official website and compare with received information
- Verify existence of formal communication channels (landline phones, corporate emails)
- Check reviews from other users on independent sources
- Confirm they don't request advance payments for any reason
Personal data protection
- Send document photos only through secure official channels
- Never share complete credit or debit card information
- Don't provide passwords, passcodes or PINs of any kind
- Read data processing policies before accepting
- Keep records of all communication and exchanged documents
Loan assessment
- Ensure you fully understand the total cost of credit
- Verify conditions are in writing before signing
- Calculate if you can pay installments without compromising basic expenses
- Confirm disbursement method and schedule
- Clearly understand consequences of default
Frequently asked questions
Common questions about "ID only" loans. Answers are for guidance and may vary by lender and individual situation.
Is it legal for them to ask for advance payment?
It's not normal practice for legitimate lenders to charge money before loan disbursement. If they ask for advance payment for "insurance", "processing" or other concepts, it's very likely a scam. Distrust any money request before receiving credit.
Can I receive money if I don't have a bank account?
It depends on the lender. Some use digital wallets or alternative methods, but most require a bank account for disbursement. Check directly with each lender about their available disbursement options.
What if I'm reported in credit bureaus?
Policies vary significantly between lenders. Some consider applications from reported individuals, others don't. The fact that it's "ID only" doesn't mean they won't check your credit history during the evaluation process.
ID only loans without checking Datacrédito?
It's uncommon for legitimate lenders not to check credit bureaus, even in loans promoted as "ID only". Most perform some type of credit verification as part of the evaluation process. Distrust offers promising not to check your history without explaining how they assess risk.
Is it safe to send my ID photo online?
Only through official and secure channels of verified lenders. Never send document photos via personal WhatsApp, social media or unverified emails. Legitimate companies have secure platforms to receive sensitive documentation.
Is it safe to request a loan with ID only via WhatsApp?
Managing loans exclusively through personal WhatsApp or unverified cell numbers increases risk. Legitimate lenders use multiple official communication channels. If contact is maintained only via WhatsApp, especially if requesting advance payments, it may be a warning sign.
How do I know if the website or app is real?
Verify the site has a security certificate (HTTPS), look for verifiable contact information, check official company registrations and compare with independent sources. Distrust sites with strange domains or limited contact information.
Why do they ask for personal contacts or references?
It's common practice to verify identity and obtain additional information about the applicant. However, be cautious about how much personal information you provide and ensure the lender is legitimate before giving names and phone numbers of acquaintances.
What documents should I NEVER send?
Never share banking passwords, card PINs, account passcodes, complete credit card numbers, photos of cards on both sides, or access to your digital banking profiles. A legitimate credit application doesn't require this information.
How long does approval really take?
Although promoted as "immediate", actual times vary by lender and verification process. It can range from minutes to several days. Distrust promises of instant approval without any type of evaluation.
What do I do if I think I was scammed?
Document all communication, keep receipts of any payments made and report the case through official channels to competent authorities. Avoid making additional payments and seek advice about legal steps you can take.
Is it normal for them to contact me via social media?
It's risky to respond to credit offers arriving via social media without requesting them. Serious lenders don't usually use these channels as a primary contact method. If interested in an offer seen on social media, independently verify the company's authenticity.