What are the eligibility requirements for a loan?

Asked 6 months ago
To be eligible for a loan from Beneficial Finance, certain requirements must be met. Firstly, applicants must be at least 18 years old and possess a valid government-issued identification. Secondly, they should have a stable source of income, whether through employment or other means. Beneficial Finance expects applicants to have a satisfactory credit history, although individuals with a lower credit score may still qualify. Additionally, applicants must be residents of the United States and provide proof of residence. The loan amount requested is subject to approval and may depend on factors such as income, employment status, and creditworthiness. It is important to remember that meeting these requirements does not guarantee loan approval, as each application undergoes a thorough review process to assess financial suitability.
Answered Nov 1, 2023

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