LendNation
What to Expect When Applying for Your First Personal Loan
Quick Answer: LendNation personal loans consider income and repayment ability alongside credit.
A personal loan is the general term for the ways LendNation helps you borrow and repay over time. If this is your first time, the process is simpler than you might think. LendNation offers products made for people with a less-than-perfect credit score. So if your credit is less than perfect, you are still encouraged to apply. We review your credit score. We also look at your income, your ability to repay, and other details. This guide walks you through each step, so you feel ready before you begin.
Get Application-Ready Before You Start
Knowing what to bring ahead of time keeps things simple. Our new “Loan Application Readiness” tool shows you what to have ready. It can help you gather the correct documents and items, based on the requirements of your specific state and loan type. You can use it to get application-ready in a few minutes.
Step of 3 –
Which loan fits your needs today?
Online Loans
In-Store Loans
Final approved amount depends on your application.
Step of 3 –
Quick check:
Cell phone number and email address
We'll send you a quick verification code
Current photo ID
Driver's license, current US or government issued ID, Passport
Recent paystubs (last 30 days)
Showing your name, employer, and pay date
Bank login & password
Get your cash quicker and no docs to upload.
Bank statement (last 30 days)
PDF or printed copy
Active checking account
For deposits and payments
Title to your vehicle
Free and clear title in your name
Social security card
Applicant's social security card and number to apply.
Your answers stay on your device. Noting is saved until you start an application.
Step of 3 –
Tap any item below for more information. Once you've gathered everything, come back to apply.
Cell phone number and email address
We'll send you a quick verification code
We use your phone number and/or email to send updates about your application, account, and loan documents.
Current photo ID
Driver's license, current US or government issued ID, Passport
Bring a current, state or government-issued photo ID so we can confirm your identity. The name on your ID should match the name on your application.
Recent paystubs (last 30 days)
Showing your name, employer, and pay date
Bring a recent paystub or other proof of income from the last 30 days. This may include benefit letters, payment statements, bank deposits, or other documents that show your income. Make sure it clearly shows your name, income source, pay date, and income amount.
Bank login & password
Get your cash quicker and no docs to upload.
You may be able to securely connect to your bank account to help verify your information without uploading extra documents.
Bank statement (last 30 days)
PDF or printed copy
Provide a bank statement from the last 30 days showing your name, last 4 numbers of your account, and name of your bank.
Active checking account
For deposits and payments
An active checking account may be needed to receive your loan proceeds and/or make payments, depending on the type of loan you receive.
Title to your vehicle
Free and clear title in your name
Bring your free & clear vehicle title so we can review ownership and loan availability. We'll need the VIN and mileage to get started. Proof of insurance may be required in certain instances.
Social security card
Applicant's social security card and number to apply.
Provide your social security card to apply for an AL loan.
Have a question? We're always here to help.
If you need assistance call our online support at (866) 324-9565.
Done! –
You have what you need.
Most customers get a loan decision in just a few minutes.
Having these ready helps your application move along.
How the Application Works
You can start the application online or at a LendNation store near you. Both paths ask for the same basic details. Pick whichever is easier for you. Every application, online or in store, gets an instant loan decision through our lending team.
Applying Online
Start the online form from any phone or computer. You enter your details, share your documents, and get a decision within minutes. This works well when you want to review your options at home.
Applying in Store
Prefer to talk in person? Visit a store and a team member will walk you through each step. Once approved, you can leave with cash in hand the same day.
Choosing the Product That Fits Your State
The personal loan products you can get depend on your state. Loan products are set by state law. Your options may include an installment loan, a payday loan, or a line of credit. Here is a simple look at each:
- Installment loan: paid back over time on a set schedule. You review the payment schedule, terms, and any fees before you sign.
- Payday loan: a small, short-term option paid back in one payment on your next payday. It may be an option for a small gap before your next paycheck.
- Line of credit: offered in Alabama, Kansas, and Tennessee. You do not have to borrow the full limit at once. You draw only what you need, up to your limit. Your minimum payment is based on a percentage of your balance.
One note to keep in mind. You cannot have a line of credit and an installment loan open at the same time. Products are set by state law. A team member can help you find the option that fits your budget and your state.
How You Receive Your Money
Once approved, you choose how to get your money. You can take cash in hand at a store, get a deposit to your bank account, or use Instant Debit Card Funding. Instant Debit Card Funding is a fast option, allowing approved customers to receive funds in the bank account tied to their debit card, often in 30 minutes or less.
What Happens After You Apply
After you submit, you get an instant lending decision from our loan team. If approved, you review the payment schedule, terms, and any fees before you sign. Your exact payment and payoff date depend on your product, state, and fees. You see all of it in writing first. You can also learn what happens after you are approved for the full picture.
Personal Loans and Your Credit
On-time payments can help your credit score over time. Results depend on your full credit profile. A few habits help. Keep your balances under about 30 percent of your limit. Try not to open too many new accounts at once, since each one can lower your score for a short time. Check your credit report at least once a year. At LendNation, we offer products made for people with a less-than-perfect credit score. We review your credit score along with your income and your ability to repay.
Why Choose LendNation
LendNation is built around a few things that matter to first-time borrowers:
- Customer care: our team treats you with respect and takes time to answer your questions.
- Flexibility and options: several products and funding choices, so you can match the option to your need.
- Transparency: you review your terms and any fees before you sign, with no hidden fees.
- Trust: five-star service and real experience helping people with a less-than-perfect credit score.
Start Your Personal Loan Application Today
Ready to take the first step? Open a LendNation Account Today. Apply online or visit a store near you to get application-ready and see what you qualify for. Our team is one short step away and happy to help.