To qualify for a loan, all loan borrowers must meet the following criteria:
Have a verifiable name, date of birth, and social security number;
Be at least 18 years of age;
Has a credit score that meets the minimum credit underwriting requirements or, if the applicant does not have a credit score, has graduated from or is currently enrolled in (i) an associates degree at an accredited school, (ii) a 4-year (bachelor’s degree) accredited college, or (iii) more advanced degree granting program;
Have a U.S. address;
Must not be a resident of Colorado, Connecticut, Iowa, New York, Nevada, Maine, Maryland, Vermont, West Virginia, or Washington DC;
Have a valid e-mail account;
Have a job or has accepted a job offer and will start within 6 months or another verifiable source of regular income and does not intend to terminate this source of regular income within the 3 months following the application date;
meet our minimum credit requirements;
have a personal banking account at a U.S. financial institution with a routing transit number;
If an existing borrower, the borrower/applicant must (i) have made on-time payments for your 6 previous consecutive payments , (ii) have no more than one outstanding loan at the time of application, and (iii) have no more than $50,000 of total principal outstanding at the time the loan originates.
If a returning borrower, more than 60 days must pass from the date the applicant paid their prior loan in full or, if less than 60 days have passed since such payment in full, the last 6 monthly payments must have been made on time.