Pave Personal Loans

pave personal loans

Pave Personal Loans is a New York based lender of personal loans. The CEO and co-founder is Oren Bass.

What Makes Pave Personal Loans Unique?

Pave personal loans are based on a transparent loan process where lending is based on more than just your credit score. Pave looks at young upcoming individuals who are ambitious and are looking for financing to increase their education or payoff credit cards. Many times this is the millennials who are looking for access to student loans to pay for classes or other types of self improvement.

Pave reviews the individuals potential to pay off the loan based on that future educations potential to bump up their salary in the future. Depending on the reason for the loan, it can impact the actual APR or interest rate for that personal loan being given.

If you are a younger adult or college student with a short credit history this could be an opportunity for a low rate loan that can give you an opportunity to invest in yourself.

What Do I Need to Qualify For a Pave Loan?

You have to be at least 18 years old and need to be a US Citizen. You also need to have an income or at least some type of job offer. If you are taking a class or going to school this will be taken into consideration. Your credit score should be at least 660 to qualify.

What Are The Loan Terms on a Pave Personal Loan?

The annual percentage rate on a Pave loan starts at 6% and can go all the way up to 26%.

You will need to borrow a minimum of $3000 and it goes up to a maximum of $25,000. The minimum loan term is 2 years to borrow and no longer than 3 years.

What Are The Fees on a Loan Through

The origination fee on a Pave loan can be from 1% to 6% depending on the APR and length of the loan. You can check this with a financial advisor after applying. Pave is very transparent regarding the fees being charged on your loan.

Where Do I Apply?

You will just go to their main website at

Once you get to the site it will take you through the loan application process. You will need verification documentation and will be asked for a drivers license and proof of US Citizenship. You will also want any paychecks or commission bonuses to show proof of income.