Loan requirements

What you need before you check your rate. The short version: be 18 or older, have a source of income, and hold a checking or savings account at a bank or credit union in your name. Prepaid cards and prepaid debit accounts are not accepted.

Before you apply

What every request needs

CashyLend is not a lender; each lender in our network applies its own underwriting rules. These basics, however, apply to every request we send, so please check them first. To prepare, see what credit score you need for a personal loan, how to improve your credit before a loan, and how to compare personal loan offers.

You are at least 18 years old and live in the United States
You have a regular source of income (employment, self-employment, retirement, or benefits)
You hold a checking or savings account at a bank or credit union in your own name
You can provide a valid email address and phone number
The information you enter is accurate and current

Apply For Loan →

2 min

Typical time to complete the form

18+

Minimum age

None

Documents to upload

Impact on your credit score to submit

Prepaid cards accepted

Bank account policy

Accepted and not accepted accounts

Lenders in our network deposit funds into, and collect payments from, the account you list. It must be a real deposit account at a bank or credit union, held in your name.

Accepted

Checking account at a bank or credit union
Savings account at a bank or credit union
Online bank accounts with a routing and account number for a real deposit account
Joint accounts, as long as your name is on the account

Not accepted

Prepaid cards and prepaid debit accounts, for example NetSpend, Green Dot, Bluebird, Walmart MoneyCard, RushCard, ACE Elite, or Direct Express
Payroll cards and government benefit cards
Gift cards and reloadable store cards
Accounts held in someone else's name

Why prepaid cards don't work

A prepaid card is not a deposit account in your name at a bank or credit union. Lenders use your account to confirm your identity and income, to send your funds, and to collect your scheduled payments by electronic transfer. Prepaid cards do not reliably support those steps, so lenders in our network cannot fund a loan to one. Our form asks for your account type and bank name, and a request that lists a prepaid card is not sent to lenders.

Only have a prepaid card? Open a checking account at a bank or credit union first. Many offer accounts with no monthly fee, and some can be opened online in minutes. Once the account is active, come back and check your rate using that account.

FAQ

Requirements questions

No. Lenders in the CashyLend network deposit funds into, and collect payments from, a checking or savings account at a bank or credit union held in your name. Prepaid card accounts such as NetSpend, Green Dot, Bluebird, Walmart MoneyCard, RushCard, or Direct Express cannot be used, and a request that lists one is not sent to lenders.

A checking or savings account at a bank or credit union, open in your own name, that can receive deposits and electronic payments. Online banks that provide a routing number and account number for a real deposit account also qualify.

A prepaid card is not a deposit account in your name at a bank or credit union. Lenders use your account to verify your identity and income, send funds, and collect scheduled payments, and prepaid cards do not reliably support those steps.

Open a checking account at a bank or credit union first. Many offer accounts with no monthly fee. Once the account is active, return to CashyLend and check your rate using that account.

Not on CashyLend. The form never asks for a Social Security number, account numbers, or bank login. A lender that responds may later ask for identification, proof of income, or bank statements under its own process. Confirm you are dealing with the lender before sharing anything further.

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