To qualify for a loan, all loan borrowers must:

1. Has a verifiable name, date of birth and social security number;

2. Is at least 18 years of age;

3. Has a credit score that meets the minimum credit underwriting requirements or, if the applicant does not have a credit score, has graduated, or will graduate this year, with (i) an associates degree at an accredited school, (ii) a 4-year (bachelor’s degree) accredited college, or (iii) more advanced degree granting program; and (iv) has a job, job offer, or other verifiable source of regular income; 

4. Is a US citizen or US permanent resident;

5. Is a resident Los Angeles County or San Bernardino County;

6. Passes the identity verification and OFAC screening;

7. Has a valid e-mail account (meaning that UNI has checked the format of the address and, before funding, verified the consumer’s ability to send and receive mail at that address);

8. Has a job or job offer he/she has accepted and will start within 6 months or another verifiable source of regular income that equals at least $12,000 per year and does not intend to terminate this source of regular income within the 3 months following the application date;

9. Meet our minimum credit requirements;

10. Have a personal banking account at a U.S. financial institution with a routing transit number;

11. Has been deemed by the risk algorithm to require an annual percentage rate (“APR”) that is below our APR cap, currently 17.99%.

12. If an existing borrower with a Covered Account the borrower/applicant must (1) have made on-time payments for the six (6) prior monthly payments, (2) have no more than one outstanding Covered Account at the time of application, and (3) have no more than $20,000 of principal outstanding at the time the loan originates.

13. If a returning borrower, more than 60 days has passed from the date the applicant paid their prior Covered Account in full or, if less than 60 days has passed since such payment in full, the last 6 monthly payments made by the borrower were on time.