Where does Pave do business?

Pave is a marketplace lender based in New York, NY. It was founded in 2013 and offers access to personal loans in 36 states (and Washington, DC).

What range of rates does Pave offer?

Pave offers personal loans with APRs starting at 7.18% and up to 31.16%.

Does Pave charge an origination fee?

Yes, Pave charges a loan origination fee of 1% to 6% of the loan amount. Pave 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 charge a late fee?

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

Does Pave charge prepayment fees?

No, Pave does not charge prepayment fees. 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 Pave?

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

What is the maximum loan term for a Pave personal loan?

Pave offers personal loans with a maximum term of 36 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Pave?

Applicants with a credit score of at least 660 can apply for a loan via Pave. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via Pave. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens can apply for a loan.

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

  • Driver's license
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Proof of income

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

Pave will typically provide a credit approval decision in less than an hour and fund the loan within 1 and 7 days.

  • Max Loan Term (Months)
  • Institution Type
    Marketplace Lending Platform
  • Credit Score Range
    660 - 850
  • Immigration Status Considered
    U.S. Citizen
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
  • Verification Documents Required?
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • Late Fee After (number of days)
  • Late Fee Amount
  • No Prepayment Fee
  • Origination Fee
    1% - 6%
  • Customizable Payment Dates
  • Funding Time Range (in days)
    1 - 7
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Pre-Approved Soft Credit Inquiry
  • Loan Amount
    $3000 - $25000
  • APR
    7.18% - 31.16%
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