|Loan Amount||$250 - $10,000|
|APR (Variable APR)||25.99%|
Where is PayPal Credit available?
PayPal Credit is a personal line of credit product from Synchrony Bank. PayPal Credit is offered in 50 states (and Washington, DC).
What are the APRs offered via PayPal Credit?PayPal Credit offers a variable APR personal line of credit product of 25.99%
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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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?
Upon approval and based on your credit worthiness, your PayPal Credit personal line of credit will be assigned a credit line of at least $250 and as much as $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, or have a regular source of income or benefits.
Active duty servicemembers and their covered dependents can 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:
What is the estimated funding time for a personal line of credit via PayPal Credit?
PayPal Credit will typically provide a credit approval decision in less than an hour and fund the line of credit within 1 business day.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Carried Balance Fee||$0|
|Late Fee After (number of days)||25|
|Late Fee Amount||$38|
|Cash Advance Fee (%)||26.24%|
|Credit Score Range||
600 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Supported Income Types||
|Verification Documents Required||
|Loan Amount||$250 - $10K|
|APR (Variable APR)||25.99%|