How would you apply to loan when you don't have a bank account? Can anyone think of this?
They need you to provide bank account details for the loan disbursment in Fiat currency.
Yes, your credibility is a must. Checking you're profile is important too for the security of MM business. MM is not a monkey business for those people who want to take advantage to others. You gonna check the whole information on how to apply loan in their official website.
You need bank details? I thought they offer their loan program for unbanked people. Could you please help me understand how their loan system works?
There is a difference between unbanked people and people w/o bank account. Just having a bank account will not do any help for securing a loan. You need to submit hell lot of documents, guarantee blah blah and then also most of the times you don't get loan. Second, most of the banking institutions don't give shortterm loans (< 6 months).
Also if you need in Fiat currency (which most of the user will need as I don't think they will really be that advanced to use crypto), they need a bank account to which the loan will be disbursed.
I didn't get your point about the difference of unbanked people and people without bank account
Based on my understanding anyone could apply for a loan on their platform using your smartphone credential because they are using a unique scoring algorithm based on artificial intelligence and machine learning. 
