SuperMoney 

PayPal Credit

in Personal Lines of Credit from PayPal Inc.

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PayPal Credit

Unaffiliated

in Personal Lines of Credit from PayPal Inc.

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Highlights
Highlights
Loan Amount $250 - $10,000
APR (Variable APR) 25.99%

Overview

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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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

  • Proof of identity
  • Proof of income
  • 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.

    PAYPAL CREDIT Disclosure: The issuer of the PayPal Credit account, Synchrony Bank, does not have a financial relationship with Supermoney.com 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: SuperMoney.com 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...

    Contact

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

    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.

    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

    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%

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