Requirements for an Online Loan in Colombia
Information about the documents and data usually requested by digital financial institutions in Colombia. This content is for guidance only and does not replace direct consultation with each institution about their specific requirements.
Last updated: 2026-02-01
Basic Requirements
Most online loan platforms in Colombia require:
- Age: Be between 18 and 70 years old
- Colombian citizenship: Valid Colombian ID (cédula de ciudadanía)
- Bank account: Account in your name for disbursement
- Income: Demonstrable income (employment or self-employment)
- Contact information: Email and active phone number
Common Documents
Typically requested documentation includes:
Personal identification
- Copy of ID (both sides)
- Selfie or photo with ID for verification
Proof of income
- Pay stubs (recent months)
- Bank statements
- Tax returns (for self-employed)
- Pension certificate
Banking information
- Bank account number
- Bank name
- Account type
Verification Process
Platforms verify your information through:
- Credit bureaus: Checking history in Datacrédito or TransUnion
- Identity validation: Comparing documents with official databases
- Income verification: Checking bank transactions
- Phone verification: SMS or call confirmation
Special Cases
First-time borrowers
Some platforms offer loans without credit history. Learn more about loans without credit history.
Reported in Datacrédito
There are options for people with negative reports. See loans for those reported in Datacrédito.
Self-employed workers
Special requirements apply. Check loans for self-employed.
Warning Signs of Scams
Be alert to these red flags:
- ⚠️ Requests for upfront payment
- ⚠️ No proper company registration
- ⚠️ Pressure to decide quickly
- ⚠️ Guaranteed approval without verification
- ⚠️ Suspicious contact methods only
Learn how to verify if a company is legitimate.
Frequently Asked Questions
Do I need a formal job?
No. Many platforms accept income from self-employment, pensions, or other demonstrable sources.
Can I apply without a bank account?
Most platforms require a bank account for disbursement, but some alternatives exist. See loans without bank account.
Will checking requirements affect my credit score?
Simply inquiring about requirements doesn't affect your score. Only formal applications generate credit queries.