PayPal Credit

PayPal Credit

in Personal Lines of Credit from PayPal Inc


PayPal Credit


in Personal Lines of Credit from PayPal Inc

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Community Rating Mostly recommended
APR  (Variable APR) 25.99%
Loan Amount $250 - $10,000

PayPal Credit Review

PayPal Credit is offered by PayPal Inc, founded in 1999 and based in San Jose, CA. The offering is made possible by a bank partnership with Synchrony Bank. PayPal Credit is offered in 50 states (and Washington, DC).

What APRs does PayPal Credit offer?

PayPal Credit offers a variable APR product of 25.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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.

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. .

PayPal Credit Fees
Cash Advance Fee 26.24%
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee $38

What do you need to qualify for PayPal Credit?

Applicants with a credit score of at least 600 and up to 850 are eligible for PayPal Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

PayPal Credit does not have or does not disclose a minimum annual income eligibility requirement. PayPal Credit only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan 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 loan.

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

  • Proof of income
  • Proof of identity

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.

How to apply for PayPal Credit

  • Visit the PayPal Inc website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
PAYPAL CREDIT Disclosure: The issuer of the PayPal Credit account, Synchrony Bank, does not have a financial relationship with and has not endorsed this content. ** For New Accounts: Variable Purchase APR is 26.24%. The APRs are accurate as of 02/18/2019 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum interest charge is $2.00. Of course, you can choose to pay your entire balance by the payment due date each month to avoid interest charges. Learn more about the interest rate. You will be charged a late fee for each month that the minimum payment is not paid by the payment due date. The first time you’re late, the amount of the late fee will be the same amount as the missed payment, up to $27. If you’re late again, the late fee will be up to $38. However, the late fee will not exceed $5 if the minimum payment due is less than $27. Learn more about late fees. Paypal Credit is only available to US customers who are of legal age in their state of residence.
SUPERMONEY Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...


Message from PayPal Inc

Buy now, pay over time with PayPal Credit. PayPal Credit is a digital, reusable credit line that helps make it easier to fit purchases, big or small, into your budget every time you shop at your favorite online stores where PayPal is accepted.

Other Services by PayPal Inc


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  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

Annual Fee $0
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%
Minimum Payment $2
Minimum Age 18
Credit Score Range 600 - 850
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 Identity
  • Proof of Income
  • Social Security Number
Loan Amount $250 - $10K
APR (Variable APR) 25.99%

PayPal Credit Community Reviews


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