Get the funds you need at a reasonable rate with predictable payments through Pave.
What does Pave offer?
Pave understands that people end up needing money for different reasons, so it doesn’t place limitations on how you can use approved funds. You can use money from this loan to consolidate existing debts, pay tuition fees, cover living expenses, buy a new vehicle or even take a vacation.
Pave allows you to borrow from $3,000 to $25,000 through a Pave personal loan, and you can repay it in 2 years or 3 years. It is important to note that while Pave takes into account more than just your credit score, you must have a FICO score of 660 or higher.
Compare Pave to other personal loan lenders
Use our comparison table to assess interest rates, lending amounts and requirements you’ll need to get a loan with our personal loan partners.
What benefits come with a Pave personal loan?
Before you apply for a Pave personal loan, take some time to review its features:
- Loan amount and term. Pave provides personal loans from $3,000 to $25,000. The maximum you qualify to borrow depends on multiple factors, including your existing financial situation, your ability to repay and your creditworthiness. You can choose from repayment terms of two or three years.
- Reasonable interest rates. APRs from Pave range from 7.18% to 29.65%, which includes an origination fee. The origination fee can range from 1.00% to 6.00%.
- Comprehensive underwriting process. When processing your application for credit Pave looks at more than just your FICO score to arrive at a decision. It also takes into account your education, employment history, existing financial condition and future earning potential.
- Get funds quickly. Once you submit your application Pave reviews it, and upon approval it provides you with loan terms. You can accept the terms of the loan online, after which you have to provide identification documentation, along with required bank account details. Pave takes one business day to verify this information, and then transfers the money in your bank account electronically. The entire process usually takes no more than a few business days.
- Making repayments. The simplest way to make repayments towards your Pave loan is to set up an automatic transfer of funds from your bank account. You can also send checks via regular mail, but Pave charges a $2 fee to process each physical check. If you make a repayment more than 15 days after a given due date or if your repayment is returned, you will have to pay a late fee.
- Deferred payments. If you’re taking a Pave loan to pay for an educational course you have the option of deferring payments on your loan for the first three months. Bear in mind that interest continues to accrue during this period.
How to apply for a personal loan from Pave
If you wish to get a personal loan through Pave you can start the process by clicking on the “Go to Site” button. Make sure you meet the following eligibility criteria before applying:
- You meet your state’s minimum age requirements
- You’re an American citizen or a permanent resident of the US
- Your credit score is 660 or higher
- You have a regular source of income, a job letter or intend on attending an educational course
- You don’t live in Arizona, Connecticut, Maine, Massachusetts, Nebraska, Nevada, North Dakota, Oregon, Pennsylvania, Tennessee, Vermont, West Virginia, Wisconsin or Wyoming
Completing the application successfully requires that you part with different types of information, which includes the following:
- Your full name and contact information
- Your date of birth and Social Security number
- A valid form of government-issued ID such as your driver’s license or passport
- Details about your employment, income and expenses
- Your bank account details
Frequently asked questions
Can I customize my payment date?
Yes. Just contact Pave’s customer service with your desired due date.
Do my terms ever expire?
In some cases yes. If you do not complete the on-boarding process within 30 days of your terms being proposed, your terms will expire and you might be subject to check your rate again.