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PayPal Credit

in Personal Lines of Credit

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PayPal Credit

Unaffiliated

in Personal Lines of Credit

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Overview

Where does PayPal Credit do business?

PayPal Credit is a line of credit offered by Synchrony Bank. PayPal Credit is based in San Jose, CA. It was founded in 1998 and offers personal lines of credit in 50 states (and Washington, DC).

What are the APRs offered via PayPal Credit?

PayPal Credit offers a variable APR personal line of credit of 25.74%.

Does PayPal Credit charge an origination fee?

No, PayPal Credit does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does PayPal Credit charge a cash advance fee?

No, PayPal Credit doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn..

Does PayPal Credit charge a late fee?

Yes, PayPal Credit may charge borrowers a late payment fee of up to $38, which is triggered if you're 25 days late.

Does PayPal Credit charge prepayment fees?

No, PayPal Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

How much can you borrow via PayPal Credit?

Personal lines of credit start at $250 and go up to $10,000.

What do you need to qualify for a line of credit with PayPal Credit?

Applicants with a credit score of at least 600 can apply for a line of credit via PayPal Credit. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

PayPal Credit only considers borrowers who are employed.

Active duty servicemembers and their covered dependents are eligible to apply for a line of credit via PayPal Credit. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a line of credit.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Social Security Number

What is the estimated funding time for a personal line of credit via PayPal Credit?

PayPal Credit will typically fund personal lines of credit within 1 business day of approval.

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Contact

  • Headquarters
  •   2211 North First Street
    San Jose, CA 95131 USA
  •   Visit Site

Message from PayPal Credit

Use PayPal Credit's digital, reusable credit line to shop anywhere PayPal is accepted. Whether you're buying the perfect gift or purchasing a new couch, you can get 6 months special financing on purchases of $99 or more every time you shop with PayPal Credit. Subject to credit approval.

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Fees
Annual Fee
$0
No Origination Fee
 
No Prepayment Fee
 
Cash Advance Fee ($)
$0
Carried Balance Fee
$0
List of Fees
Late Fee After (number of days)
25
Late Fee Amount
$38
Minimum Payment
$2
Minimum Age
18
Credit Score Range
600 - 850
850 300 600
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Proof of Income
  • Social Security Number
Dollar Amount
Loan Amount
$250 - $10K
    $25 $100K
Percentage
APR
(Variable APR)
25.74%
  6% 250%+

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