To qualify for a loan, all loan borrowers must:

1. Have a verifiable name, date of birth, and social security number;

2. Be at least 18 years of age;

3. Be a resident of New York or New Jersey,  with a New York or New Jersey address;

4. Have a valid e-mail account;

5. Have a job or job offer he/she has accepted and will start within 6 months or another verifiable source of regular income;

6. Have a personal banking account at a U.S. financial institution with a routing transit number;

7. If an existing borrower, the borrower/applicant must (1) have made on-time payments for the six prior monthly payments, (2) have no more than one outstanding loan at the time of application, and (3) have no more than $50,000 of principal outstanding at the time the loan originates;

8. If a returning borrower, more than 60 days has passed from the date the applicant paid their prior loan in full, or, if less than 60 days has passed since such payment in full, the last 6 monthly payments made by the borrower were on time.