Basic Elk Lending Eligibility Requirements
To qualify for an Elk Lending installment loan, you must meet the following basic requirements. Our criteria are designed to be accessible while ensuring responsible lending.
Expert Tip
"At Elk Lending, we look at more than just your credit score. We consider your overall financial situation to give you the best chance of approval."
Elk Lending Minimum Requirements
Age Requirement
You must be at least 18 years old to apply for an Elk Lending loan. Some states may require you to be 19 or 21.
Active Checking Account
Elk Lending requires an active checking account in your name for direct deposit of funds and automatic payments.
Proof of Income
You must demonstrate regular income from employment, self-employment, benefits, or other verifiable sources.
Contact Information
A valid email address and working phone number are required for Elk Lending communication.
US Residency
You must be a legal US resident with a valid Social Security Number to apply for Elk Lending.
Valid Address
Provide a permanent physical address (not a P.O. Box) for identity verification purposes.
Documents You May Need for Elk Lending
While Elk Lending doesn't require you to upload documents during the initial application, having these ready can speed up the verification process:
- Government-issued photo ID (driver's license, state ID, passport)
- Recent pay stubs or proof of income
- Bank statements showing account activity
- Social Security Number
Elk Lending Credit Requirements
Good News About Credit Scores
Elk Lending welcomes applicants with all credit backgrounds. We don't have a minimum credit score requirement. While we do review your credit, it's just one factor in our decision. We consider your complete financial picture, including income, employment stability, and ability to repay.
Who Cannot Apply for Elk Lending?
Important: Military Service Members
Elk Lending does not offer loans to active-duty military personnel or their dependents, in compliance with the Military Lending Act (MLA). This includes:
- Active duty members of the Army, Navy, Marine Corps, Air Force, or Coast Guard
- National Guard members on active duty
- Dependents of active-duty service members
Income Requirements for Elk Lending
Elk Lending accepts various forms of income:
- Employment Income: Regular wages from full-time or part-time employment
- Self-Employment: Income from your own business or freelance work
- Government Benefits: Social Security, disability, veterans benefits
- Retirement Income: Pension, 401(k) distributions, IRA withdrawals
- Other Regular Income: Alimony, child support, rental income
Frequently Asked Questions About Elk Lending Requirements
Elk Lending considers applicants with all credit histories. Your credit score is just one factor we consider. Learn more on our bad credit page.
Not necessarily. Elk Lending requires proof of regular income, which can come from employment, self-employment, benefits, or other sources.
No, Elk Lending requires an active checking account for fund disbursement and automatic payment withdrawals.
Meet the Elk Lending Requirements?
If you meet these basic requirements, you may be eligible for an Elk Lending loan.
Check Your Eligibility Now →