The Partner Academy
  • 💡Updates Board
  • 🛠️Getting Set Up With Knoma
    • Becoming a Knoma Partner
    • Knoma Onboarding
      • 'Pay with Knoma' for your site.
      • Guidance for Marketers & Designers
      • Examples: Knoma on Websites
      • Guidance for Developers: Installing the Button [Deprecated]
    • Using The Partner Portal
      • Partner Portal Dashboard
      • Adding New Courses & Course Variants
      • Email Marketing with Knoma
      • Opting in for email notifications
      • Student Deposits
      • Setting up your Team
    • Setting up International Payments
    • Announcing our Partnership
  • 💽Knoma's Resource Bank
    • Who are Knoma?
    • How does it work?
    • What's the application process?
    • What is Open Banking?
    • How can we advertise on Knoma's site?
    • Guides for Admissions & Sales
      • Using the Eligibility Checker
      • Handling Enquiries About Knoma
      • Knoma & Student Loan Agreement
      • Explainer Videos
      • Flyer for Learners
    • Guides for Marketers
      • Marketing Guide and Resources
      • Examples: Knoma on Websites
      • Collaborate on Content
      • Including Knoma at open evenings and webinars
  • ☎️Feedback & Contact
    • Reach Out
    • Provide Feedback
    • Report a Bug
    • Collaborate on Content
  • 🔐Knoma's Regulated Finance Product
    • Becoming an IAR of Knoma
    • What it means to be an IAR & Training
    • IAR Summary
    • Financial Promotions
    • Complaints Handling
    • Financial Ombudsman
    • Authorised firms (Credit brokers)
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  • CCR Credit Check
  • Identity Verification
  • Income & Expense Data

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  1. Knoma's Resource Bank

What's the application process?

Below is a breakdown of the student's application journey from starting an application to beginning their course.

PreviousHow does it work?NextWhat is Open Banking?

Last updated 2 years ago

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CCR Credit Check

Knoma performs a soft credit check when a student applies for funding with us. We partner with to conduct the necessary checks. The soft credit check will not leave a visible footprint on a student's credit file, nor will it impact their credit history. The student's application and loan are added to their credit file only once Knoma has funded their loan.

The student will be required to input their First and Last name, DOB and their home address and how long they have resided there.

Identity Verification

Income & Expense Data

Knoma uses Open Banking Data to perform an affordability analysis. This check evaluates a learner's income and expenditure and enables Knoma to make an ethical decision as to whether we can approve the student for a loan.

We ask the student to also input the data manually so that we have two reference points.

Reach out to epsupport@knoma.io if you have any further questions regarding the Knoma Application Process!

Knoma has partnered with market leaders to perform an identity verification check as the student progresses through the loan application process. These checks include 'Know Your Customer' (KYC) & Anti-Money Laundering Checks.

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Onfido
Equifax