In order to qualify for MoneyLion Plus Personal Loans applicants must be able to provide an active and valid checking account, recent pay stubs, a driver’s license, proof of income, and proof of citizenship or residence permit. Applicants must also be 18 years old or older to be eligible for this loan. In addition, applicants must be employed and meet a minimum income requirement of $36,000 a year.

Typically, the lender will verify your income by asking you for some documents such as W-2 forms, paystubs, or other tax records. Lenders are not allowed to inquire applicants’ employers about their income. They can only do it if you sign a form authorizing it.

Yes, it is possible. You can do that with basically any personal loan. All you need is another lender willing to lend you the balance on that loan. However, if for instance you would like to pay your loan off early, you do not need to look for another lender. MoneyLion Plus Personal Loans do not charge prepayment penalty fees.