[Elective Guide] - Approval Guidelines

We're thrilled to be providing flexible loan options to customers! To give you and your customers the best experience, we've prepared a set of general approval guidelines to help you send the right customers through for Elective:

1. Location: Customers in the US (excluding California) and Canada are eligible for loans. Please see this article for more information about availability in California. 
2. Credit Score: Customers will need a minimum credit score of 650.
3. Debt: Customers must not be overburdened with monthly debt payments where payments exceed a majority of their monthly income.
4. Income: Customers will need a nominal level of annual income. Most people retaining any full-time job should be able to pass our minimum threshold for income.

Please note that these guidelines are subject to change but we hope this gives you a more clear understanding of the types of customers eligible for Elective.