Personal loans
Personal loan requirements
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Full disclosure below.
What you need before you apply.
Compare offersLenders want to see that you can repay. MoneyLion lists reliable income, a credit history, a bank account, a debt-to-income ratio the lender accepts, and being 18 or older.
Having your documents ready speeds everything up.
Before you apply
- Government-issued ID
- Recent pay stubs or tax returns
- Bank account details
Questions
Do I need good credit?
No, but better credit gets better offers.
What is a good debt-to-income ratio?
Lower is better. Each lender sets its own limit.
Do I need a bank account?
Yes. It is on MoneyLion’s list of requirements.
More: all personal loans · loan calculator · requirements
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Lending Gurus compares options and doesn’t lend. We may earn a referral fee when you apply through our links, but no lender pays for a review or a score, and partner status never changes one. Advertiser disclosure.