
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Updated
PayPal might make shopping online easier — and even has a few online financing options for regular customers. But it doesn't offer personal loans. Luckily, there are a few alternatives for when you want to borrow for a one-time purchase.
PayPal has never offered personal loans, though the online payment system does offer other types of financing to individuals and businesses. These include a line of credit and cash rewards cards for regular shoppers. And small business owners can take out working capital financing and small business loans.
PayPal might not offer a one-time financing option to shoppers, but there are a few similar providers to consider instead.
Affirm is an online lender with a twist: It only offers financing directly through partner stores. You can apply for a loan while you’re checking out online and pay it back over 3, 6 or 12 months. You don’t need to have good credit to qualify, and the application just takes a few minutes — similar to many PayPal products.
When you need to borrow a small amount of cash but want to take control of your finances, MoneyLion PLUS might be what you’re looking for. You need to become a MoneyLion PLUS member to get a loan from this online platform, but once you’re in you can access cash in seconds. You’ll also receive a free investment account, checking account and credit monitoring.
Membership costs $29 a month. But you can earn that back by opening your app every day — MoneyLion will deposit $1 into your investment account each day you log in.
This online connection service could be a good choice if you want to compare multiple options fast — especially if you’re looking for a larger loan amount or don’t have the strongest credit. This award-winning platform is highly automated, which has its benefits and drawbacks. While it’s fast, there’s no customer service line to reach if you have any questions.
While it doesn’t offer loans for regular shoppers, it does have several other financing products you might want to consider:
How do PayPal’s personal and business services work?
PayPal might not offer personal loans. But between its other products and alternative online lenders, you have a slew of financing options to help meet your needs.
Compare even more lenders with our guide to personal loans.
Compare 6 lenders to find one that’s a good fit for your needs.
Loans of up to $50,000 available from this well-established lender.
Compare our 5 top picks for SBA loans, bank loans, startup financing and more.
Compare our six top picks for SBA loans and more if you have excellent credit.
Compare our 5 top lenders that offer low rates, help build a nest egg and more.
PayPal now offers a new buy now, pay later financing option, allowing for interest-free payment installments on your shopping purchases.
A digital bank account featuring 2% cash back on purchases, 2% APY on savings and free cash deposits.
Compare cost, amenities, pros and cons to make the right choice.
A digital bank account for freelancers, startups and small business owners that accepts cash deposits.
Cloud-based bookkeeping and accounting for small- to medium-sized businesses.