How do I qualify for a Leap Credit loan?

To qualify online for a Leap Credit installment loan, you will need to:

  • Provide a verifiable source of income directly deposited into your checking account,
  • Have an open checking account that meets our “bank account minimum opened duration” requirement,
  • Be at least 18 years old and a United States citizen.
  • Your take-home pay has to meet our minimum income requirements.
  • You must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.
  • You must not be an active service member or a dependent of an active service member.


How much income is required to apply for an installment loan?

To apply for a short term Leap Credit loan, you will need a minimum monthly income of $1,800.


Why do you need my Social Security Number?

To verify your identity, we need personal information such as your SSN. See our Privacy Policy for more details.


What will happen after I complete my loan application?

Your application will be reviewed by our underwriters for approval or denial.


What other ways can I get my loan documents?

We’re happy to email or fax your loan documents to you. Just give us a call, and let us know your preference.


How long will it take to get my decision?

You may get your decision in just a few minutes. In rare cases, processing may take up to 2 business days.


How soon after applying will I get my money?

Once your loan application has been processed, you will receive your funds within 2 business days.


How will I receive my funds?

Funds will be directly deposited into the bank account you have on file with Leap Credit.


How can I cancel my loan after submitting my application?

You can cancel your loan by calling us at 888-532-7842. Our Customer Service team will assist you with the cancellation process.


If I cancel my installment loan, is there a cancellation fee?

If you cancel your loan within 3 days, there will be no cancellation fee. If you cancel your loan after three days or more after receiving the funds, the cancellation will count as a payoff for the loan. You will be charged interest for the number of days after you receive the funds and before you initiate the cancellation. 

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