Is it difficult to get a LoanMe personal loan? This question is about LoanMe

It is not difficult to get a personal loan from LoanMe because they are known to lend to people with bad credit scores, though they do not disclose an exact minimum score. Other LoanMe personal loan requirements include being at least 18 years old, having an SSN or ITIN, and having enough income to afford monthly loan payments. LoanMe Personal Loan Requirement Minimum Income: $24,000 minimum income Age: 18+ years old Residency: U.S. citizen, permanent resident, or immigration visa holder Identification Type: SSN, ITIN, and valid ID Once you make sure you've met all the requirements for a LoanMe personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income, and debt. You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.

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Is it difficult to get a LoanMe personal loan?

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This question is about LoanMe

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Grace Enfield, Content Writer

@grace_enfield • 11/17/21 This answer was first published on 11/17/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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It is not difficult to get a personal loan from LoanMe because they are known to lend to people with bad credit scores, though they do not disclose an exact minimum score. Other LoanMe personal loan requirements include being at least 18 years old, having an SSN or ITIN, and having enough income to afford monthly loan payments.

LoanMe Personal Loan Requirement

Minimum Income: $24,000 minimum income
Age: 18+ years old
Residency: U.S. citizen, permanent resident, or immigration visa holder
Identification Type: SSN, ITIN, and valid ID

Once you make sure you've met all the requirements for a LoanMe personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income, and debt.

You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.

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What credit score is needed for a personal loan?

The minimum credit score for personal loan approval is 580, depending on the lender. That means it is possible to get an unsecured personal loan with a bad credit score, though such a loan will likely have an origination fee.

For your reference, WalletHub researched some of the most popular lenders to find out more about their specific loan requirements.

Credit Score for Personal Loan Approval by Lender

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What are the personal loan requirements?

Major personal loan requirements include being at least 18 years old, having a bank account, having a good credit history, and having enough income or assets to afford monthly loan payments. Specific personal loan requirements vary by lender, however. Avant requires a credit score of 600 or higher, for example, while Prosper sets the bar at 640 and SoFi asks for 680. Most lenders don’t disclose annual income requirements, but two exceptions are LendingPoint ($20,000+)...

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How do you get a personal loan from a bank?

To get a personal loan from a bank, first check your credit score, then compare available offers to find the best rates, fees and payoff periods. After that, check for pre-qualification, submit an application either online or in person and wait for a decision. The steps may not sound all that complex, but preparing to get a loan can be time consuming.

How to Get a Personal Loan from a Bank

Check Your Credit

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