How long does it take to get a PayPal loan?
Lender approval required – terms and conditions apply. The lender transfers funds as fast as the next business day for applications approved by 5:00 p.m. Eastern Time on bank business days. In addition to the Total Loan Fee, the only other cost is a $20 Returned Item Fee that is only assessed if a payment is returned.
What is the interest on a PayPal loan?
About PayPal Credit
See FAQs for more info. For New Accounts: Variable Purchase APR is 23.99%. The APR is accurate as of 3/1/2022 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum interest charge is $2.00.
Who is the lender for PayPal?
The lender for PayPal Business Loan and PayPal Working Capital is WebBank, Member FDIC.