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  Pave Personal Loans

Out of Business

Pave Personal Loans

in Personal Loans from Pave

Out of Business

Pave Personal Loans

in Personal Loans from Pave

Net Recommendation Score -100%

SUPERMONEY NET RECOMMENDATION SCORE

-100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

APR  (Fixed APR) 7.18% - 31.16%
Loan Amount $3,000 - $25,000
Loan Term (Months) N/A

Pave Personal Loans Review

Pave Personal Loans is offered by Pave, a marketplace lending platform founded in 2013 and based in New York, NY. Pave Personal Loans is available in 36 states (and Washington, DC).

Key Takeaways
  • APRs starting at 7.18%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
  • Fast access to funds. In some cases you can get your money within 1 business day.
  • Prequalifed rate. You can check your prequalified rate at Pave with a soft pull that will not affect your credit score.
  • Origination fees of up to 6%. This is on the high end for lenders on SuperMoney's database. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
Pave Personal Loans Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • APRs as high as 31.16%.
  • Charges an origination fee of up to 6% of the loan amount.
  • Pave Personal Loans does not report to credit bureaus.
  • Charges a late fee of $15
Pave Personal Loans FAQ

What rates and terms does Pave Personal Loans offer?

Pave Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does Pave Personal Loans offer?

Pave Personal Loans offers a fixed APR personal loan product that ranges from 7.18% APR up to 31.16% 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.

How much can you borrow via Pave Personal Loans?

Loan amounts start at $3,000 and go up to $25,000

Pave Personal Loans Rates & Terms
Loan Amount $3000 - $25000
Loan Term N/A
APR 7.18% - 31.16%

What fees does Pave Personal Loans charge?

Does Pave Personal Loans charge an origination fee?

Pave Personal Loans may charge a loan origination fee of 1% to 6% of the loan amount. Pave Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does Pave Personal Loans charge a late fee?

Yes, Pave Personal Loans may charge borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.

Does Pave Personal Loans charge prepayment fees?

No, Pave Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Pave Personal Loans Fees
Origination Fee 1% - 6%
Prepayment Fee? No
Late Payment Fee $15

What do you need to qualify for Pave Personal Loans?

Applicants with a credit score of at least 660 and up to 850 may be eligible for Pave Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Pave Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.

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 Pave Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Pave Personal Loans.

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

  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
Pave Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score 660 - 850

    What is the estimated funding time for a personal loan via Pave Personal Loans?

    Pave Personal Loans will typically provide a credit approval decision in less than an hour and fund the loan within 7 business days.

    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...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    • Headquarters
    •   200 Varick Street
      New York, NY 10014
    •   Visit Site

    About Pave Personal Loans

    Availability

      Available in 36 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arkansas
    • California
    • Colorado
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maryland
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • Ohio
    • Oklahoma
    • Rhode Island
    • South Carolina
    • South Dakota
    • Texas
    • Utah
    • Virginia
    • Washington

    Feature Breakdown

    No Prepayment Fee  
    Late Fee Amount $15
    Late Fee Grace Period 15 days
    Origination Fee (%) 1% - 6%
    Immigration Status Considered U.S. Citizen
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    Minimum Age 18
    Verification Documents Required
    • Recent Pay Stubs
    • Proof of Income
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Credit Score Range 660 - 850
    Loan Amount $3,000 - $25,000
    APR (Fixed APR) 7.18% - 31.16%

    Pave Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    -100%

    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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