Guides › Finance & Accounting
Summarise a loan application before the credit decision
Get a structured one-page summary of a loan application, with key ratios, missing documents and questions, so your review starts in the right place.
When to use it
When a new loan or credit application arrives
Step by step
Remove personal details
Before using any AI tool, remove names, addresses, dates of birth, account numbers and ID details from the application, unless your organisation has approved a tool for this data.
Ask for a structured summary
Paste the anonymised application and supporting figures into your work-approved AI assistant with this prompt.
Prompt to copySummarise this [business / personal] loan application for a credit reviewer, using only the information provided. Sections: 1) Request: amount, purpose, term, security offered. 2) Financial snapshot table: income or revenue, profit, existing debts, monthly repayments, and any ratios you can calculate from the figures, showing the working. 3) Documents provided and documents missing, measured against this checklist: [paste your checklist]. 4) Points that need clarifying. 5) Inconsistencies between documents. Do not recommend approval or rejection.Verify the numbers
Check every figure and ratio against the original documents. The AI can misread scanned statements.
Make the decision under your policy
Assess the application against your credit policy and lending authority as usual. The decision, and the reasons for it, are yours.
What you get
Request: £60,000 over 5 years for a second delivery van, secured on the vehicle. Revenue £410k, net profit £38k, existing loan repayments £1,150 a month. Missing: last 3 months of bank statements. Inconsistency: accounts show 6 staff, application says 9.
Tips
- Keep the summary format the same every time so applications are easier to compare and fairer to review.
- Never let an AI score or decide on credit; it can't see the full picture and lending rules require human judgement.