PayPal Credit

in Personal Lines of Credit

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PayPal Credit


in Personal Lines of Credit

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Where does PayPal Credit do business?

PayPal Credit is a line of credit issued by Synchrony Bank. PayPal Credit is based in Timonium, MD. It was founded in 2008 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 25.99%.

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 Typically, fees range from 0.5% to 10% of the amount withdrawn..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

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 identity
  • 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.

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 25.99%. The APRs are accurate as of 10/1/2018 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...


  • Headquarters
  •   9690 Deerco Rd
    Timonium, MD 21093 USA
  •   Visit Site

Message from PayPal Credit

Use PayPal Credit's digital, reusable credit line to shop online anywhere PayPal is accepted, and get 6 months special financing on purchases of $99+ every time you shop. Get a credit decision in seconds with a quick application. Subject to credit approval. See terms


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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 (%) 25.99%
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 Identity
  • Proof of Income
  • Social Security Number
Loan Amount $250 - $10K
APR (Variable APR) 25.99%

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