Pay the loan balance to a zero balance within the term of the loan,
Make a minimum of 12 consecutive on-time monthly payments, and
Maintain an active BankMobile Vibe account throughout the life of the loan and at least 30 days after the loan is paid off.
Won’t affect your credit score and only takes a few minutes!1
1 When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.
2 The .25% rate discount will be applied to the interest rate and be effective for the term of the loan when the loan proceeds are funded into a BankMobile Vibe account. The BankMobile Vibe account must be verified for disbursement of the loan proceeds.
3 As part of your accomplishment and demonstrated financial fitness, the Payback Reward is equal to 1% of your financed loan amount. Reward to be paid within 30 business days of loan payoff, directly deposited into a BankMobile Vibe checking account. To qualify for and earn the 1% Payback Reward, borrowers are required to meet the following criteria:
4 Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. The minimum loan amount is $6,000 for borrowers in Ohio. Monthly Payment Example: a 3-year loan with an APR of 16% and 36 monthly payments will have a payment of $35 per $1,000 borrowed.
5 While most of our borrowers opt for automated recurring payment for ease of use, we also accept payments by check or one-time electronic payments. Borrowers have the flexibility to choose the repayment method that works best for them.
TERMS AND CONDITIONS FOR THIS OFFER
*This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, a US citizen or permanent resident, and a current resident of the US. May not be available in all states. Duplicate offers received as a result of multiple mailings to the same person are void. Closing your loan is contingent on your meeting our eligibility and underwriting requirements, our verification of your information, your agreement to the application terms and conditions, and your agreement to the terms and conditions on the bankmobile.upstart.com website. BankMobile reserves the right to discontinue this offer at any time, or to alter any of the terms and conditions of this offer at any time without notice.