Applying for a new personal loan at Greater Nevada Credit Union is easy, and you can make it even easier (and faster) by knowing and understanding personal loan requirements before you apply online or by phone.
Personal Loan Requirements
Know Before You Apply
Qualifying for a Personal Loan
Personal loans are a convenient funding option to cover many different purposes like debt consolidation, home improvements, special events, and more. Personal loan requirements may vary by individual, but in general, the following things will be needed by Greater Nevada’s lending team during the application process.
The minimum personal loan amount you can borrow is $1,000, and maximums vary depending on your credit score.
Personal loan terms are flexible up to 60 months.
Have a copy of your driver’s license or other state-issued ID ready to show when you prepare your application.
A letter from your employer, pay stubs, and/or bank statements can help serve as proof of employment and income verification.
The simplest way of verifying your residence is by sharing recent statements from local utility companies.
We’ll need to pull a copy of your credit report to verify your credit score. Interested to see where you stand with your credit report? Members can take advantage of our free My Credit Health feature within Digital Banking offering a powerful one-stop-shop to access your credit score, credit monitoring, credit score simulator, financial tips, and more. All of this without impacting your credit score, and all online.
Your monthly expenses, including any existing debt payments, will be used to calculate your debt-to-income ratio and will be a key point of consideration when you apply for a personal loan.
Apply for a Personal Loan Today
Now that you know the basic requirements, you’re ready to apply for a personal loan with Greater Nevada.