Loan Amount. Depending on your state of residence, Balance Credit offers personal installment loans from $100 up to $5,000 or credit services for loans from $100 to $2,500.

Loan Term. Loans can be extended up to 36 months.

APR. The Annual Percentage Rate (APR) varies based on the loan and your state.

Residency and Age. Reside in a state where Balance Credit operates and meet the minimum age requirement.

Contact Information. Have a valid email address and a verifiable phone number.

Bank Account. Maintain an active checking or savings account that has been open for at least 30 days and is not currently linked to another Balance Credit account.

Income Source. Provide a proven source of income that meets the underwriting criteria.

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.