. The applicant is required apply for credit on the lenders website .The lender checks the details of the applicant and sanctions the credit. The application form requires the following details. Such as, the name and address of the borrower, bank account number and his contact number. Some lenders also ask for the birth date. After the required information is received, it is verified and the borrower's credit worthiness is determined. With the basic details approved, the finance will reach your account within just 24 hours.