How to apply for a loan?
You can apply for a loan during checkout. You can create an account before that or set it up the moment you decide to take out a loan. After you input all the necessary data, your loan will be submitted for approval. It usually doesn't take longer than a minute.
In short, you need to select Affirm in the payment options list during checkout. You might be asked to create an account if you haven't done it already. The company will not alter the terms and conditions of your loan once you agree to them, so be sure to examine the agreement carefully.
Requirements
The main requirements for a loan with this company are as follows:
Age of 18+;
US residency;
Social Security Number;
USA-registered telephone numbers;
Credit score of 640+.
The decisions are almost instant, so there are not too many requirements for future Affirm lenders. They might perform a soft credit pull and quickly investigate your past financial history.
Application details
It's unclear what exact documents will be required to apply. However, we do know, based on requirements, that you will have to provide your Social Security Number and some form of ID. There's no information regarding additional documentation that borrowers are expected to provide. The applications are considered for less than a minute, on average.
Common reasons for rejection include bad credit history, bad credit score, dubious lending history with this lending partner, lack of stable income, recent bankruptcies, and more. If your loan is turned down, you will be sent an email detailing why you were rejected.
