Where does Balance Credit do business?

Balance Credit is a direct lender based in Irving, TX. The company was founded in 2013 and offers personal loans to borrowers in 7 states.

What are Balance Credit’s rates?

Balance Credit offers personal loans with APRs starting at 99% and up to 1200%.

Does Balance Credit charge an origination fee?

Yes, Balance Credit charges a loan origination fee .

Does Balance Credit charge prepayment penalties?

No, Balance Credit does not charge prepayment penalties. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Balance Credit?

Loan amounts start at $100 and go up to $3000

What is the maximum loan term for a Balance Credit personal loan?

Balance Credit offers personal loans with terms of up to 24 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments affordable. However, the longer the term of your loan, the more interest you will pay.

What is Balance Credit’s eligibility criteria?

Balance Credit only considers applicants who have a credit score of at least 300 to apply.

Active duty servicemembers and their covered dependents cannot apply for a loan with Balance Credit. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants must provide the following documentation:

- Driver license

- Proof of citizenship or residence permit

- Recent pay stubs

You must have a job to qualify for a loan. 

What is the estimated funding time for a Balance Credit personal loan?


  • Payment Options
    Automatic Payments
  • Max Loan Term (Months)
  • Checking Account Required?
  • Credit Score Range
    300 - 700
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    • Non-Military
    • Veterans
  • Minimum Age
  • Verification Documents Required?
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Institution Type
    Direct Lender
  • APR
    99% - 1200%
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 3
  • Loan Amount
    $100 - $3000
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