Applying for an Ascend Loans loan involves completing an online application where you provide personal details, government ID information, and financial data. After submitting the application, Ascend Loans will review it and contact you with loan details. If the terms are acceptable, you can sign the contract, and funds are typically transferred the next business day. Loan amounts vary, with a maximum of $1,200 for new customers and $2,000 for Emerald Rewards members, with varying interest rates and repayment terms.
How to Apply for an Ascend Loans Loan
Visit Ascend Website. Go to the company's website and click "Apply Now" to be redirected to the Lending Portal.
Provide Personal Information. Enter your name, date of birth, Social Security number, tax ID, and email address. Click "Save and Continue."
Submit Government ID. Select your ID type (driver's license, state ID, or US passport), then enter your ID number and issuing state.
Enter Contact and Address Details. Fill in your phone numbers, address, ZIP code, and indicate whether you rent or own your home, and how long you've lived there.
Provide Financial Information. Submit your bank details and financial situation, then complete the application.
Loan Approval and Agreement. Ascend Loans will contact you, provide a personal account, and disclose the loan terms. If acceptable, sign the contract, and funds will be transferred the next business day.
Conditions
Loan Amounts. New customers can borrow up to $1,200, while those in the Emerald Rewards Program can access up to $2,000.
Interest Rates. The exact interest rate is specified in the loan agreement, with a maximum APR of 700% for Automatic Repayment and 725% for Manual Repayment.
Loan Terms. Loan terms vary depending on the borrower's profile and agreement with Ascend Loans.
Requirements
Consistent Source of Income. Applicants must have a reliable and verifiable income.
Legal Contract Eligibility. You must meet all legal requirements to enter into a contract.
Active Checking Account. An open and active checking account is required.
Underwriting Requirements. Applicants must meet Ascend Loans' underwriting criteria.
Age and Residency. You must meet the minimum age requirement and be a resident of an eligible state.
Reasons for Rejection
Insufficient Income. If your annual income is below the required minimum, your application may be rejected due to an inability to meet the repayment obligations.
Lack Of Required Documentation. Failure to provide necessary documents, such as a copy of your paycheck stub, can result in your application being denied.
No Bank Account Or Credit Card. Not having a bank account or credit card as an alternative payment method can lead to rejection since it is a mandatory requirement.
Employment Verification Issues. Inaccurate or unverifiable employment information, such as discrepancies in your employer's details or job title, can cause your application to be rejected.
Age Restriction. Applicants under the age of 18 are not eligible for the program, and any application from individuals below this age will be automatically rejected.
Can I get a loan from Ascend Loans with bad credit?
Ascend Loans doesn't check your credit with major credit bureaus and pays attention to practical situations. Therefore, you can qualify with bad credit.
Will my credit score change if I apply for a loan with Ascend Loans?
Ascend Loans Doesn't conduct a hard credit check. If it uses information from major credit bureaus, they are done in the form of a software check. A soft credit check doesn't affect your credit score.
What are the minimum requirements to qualify for Ascend Loans?
Ascend Loans requires you to be of the legal age to sign the contract, be a resident of a state the company issues loans in, and have a stable source of income. You verify your income by providing your bank account details.
