Get Your Personal Loan Approved Faster
When your lender asks for a personal financial statement, don't scramble through spreadsheets. Generate a professional, bank-ready document in 8 minutes that proves your creditworthiness.
Time to Completion
A Personal Loan Financial Statement is a formal document that lists your assets and liabilities to prove your ability to repay a loan. Applying for a personal loan can feel overwhelming, especially when your lender requests documentation you've never created before. A personal financial statement (PFS) is one of the most common—and most misunderstood—requirements in the loan application process. Whether you're consolidating high-interest debt, financing a major purchase, or covering unexpected expenses, having a professionally formatted PFS can mean the difference between quick approval and weeks of back-and-forth with your bank. StatementsReady eliminates the guesswork by providing you with a bank-accepted format that showcases your financial health in the best possible light.
Why Lenders Need Your Personal Financial Statement
For personal loans, especially larger amounts or debt consolidation, banks want to see the full picture of your financial health beyond just your credit score.
Prove Your Net Worth
Lenders use your personal financial statement to verify you have assets that support your ability to repay. A clear, organized statement shows you're a low-risk borrower.
Avoid Application Delays
Incomplete or poorly formatted financial statements are the #1 cause of loan delays. Missing information means back-and-forth emails and extended approval timelines.
Stand Out to Underwriters
A professional, comprehensive personal financial statement signals that you're organized and financially responsible—exactly what underwriters want to see.
Everything Your Lender Needs, Ready in Minutes
StatementsReady helps personal loan applicants create the exact documentation banks require. No accounting degree needed.
Our templates match what major banks and credit unions expect. No reformatting or rejection risk.
Your net worth, debt-to-income hints, and totals calculate automatically. Zero math errors.
Connect your bank accounts via Plaid for accurate, real-time balances. No manual entry mistakes.
Download a clean, professional PDF ready to email or upload to your lender's portal.
If your lender requests changes or updated figures, refresh your statement in seconds—not hours.
Why Personal Loan Applicants Choose StatementsReady
Thousands of borrowers have used StatementsReady to streamline their loan applications. Here's what sets us apart from DIY spreadsheets and generic templates.
Instant Credibility with Lenders
A professionally formatted financial statement signals to underwriters that you're organized and financially responsible—traits that can positively influence their lending decision.
Reduce Back-and-Forth
Our comprehensive format includes every field banks commonly request, reducing the chance of follow-up questions and additional documentation requests that delay your approval.
Accurate Net Worth Calculation
Our automated calculations eliminate human error. Present an accurate, verified picture of your financial standing without worrying about math mistakes.
Ready When Opportunities Arise
Keep your statement updated and ready to go. When the right loan offer appears—or when you need emergency funds—you won't lose time scrambling to gather documents.
Everything Your Lender Needs in One Document
How It Works
Creating your personal financial statement is simple with StatementsReady.
Connect Your Accounts
Securely link your bank accounts via Plaid or enter information manually. Your choice.
Review & Customize
Verify your information, add any additional assets or liabilities, and customize as needed.
Export & Share
Download your professional PDF or share via secure link. Ready for your lender or attorney.
Frequently Asked Questions
Do I need a personal financial statement for a personal loan?
It depends on the loan amount and lender. For loans over $25,000, debt consolidation loans, or if your credit history is limited, most banks will request a personal financial statement to verify your assets and liabilities.
What information do banks require on a personal financial statement?
Banks typically require a complete list of your assets (cash, investments, real estate, vehicles) and liabilities (mortgages, car loans, credit cards, other debts). They also want to see your monthly income and major expenses.
How current does my financial statement need to be for loan approval?
Most lenders require a statement dated within 90 days of your application. Some may require 30-day-old figures for larger loans. With StatementsReady, you can update your statement instantly when needed.
Can I use StatementsReady for credit union loans?
Absolutely. Our format works for major banks, credit unions, and online lenders. The professional PDF export is universally accepted by lending institutions.
What if my net worth is negative?
A negative net worth doesn't automatically disqualify you. Many borrowers have student loans or mortgages that create temporary negative equity. What matters is showing your complete financial picture honestly—lenders appreciate transparency.
Ready to Get Approved?
Stop stressing over paperwork. Create your lender-ready personal financial statement in 8 minutes and move forward with your loan application.
Create My Statement Free