Frequently Asked Questions

New to the world of salary-linked loans? Find answers to the most commonly asked questions, and as always, please reach out to us if you need further assistance.

All Stately loans are made in the amount of $1,000-$10,000, with an Annual Percentage Rate (“APR”) range of 11.90% – 35.9% and regularly recurring payments that are scheduled to fully amortize and pay off the loan in 6-24 months. Interest is accrued on a daily basis, but only on the outstanding principal.

To start your application, click Apply Now. You cannot submit an application over the phone, in person, or via email. If you have any questions regarding the application process, please Contact Us and our agents will assist you.

We process loan applications within 48 hours. If approved, your funds will generally arrive within 2 business days

If your application was denied, you will receive a Notice of Adverse Action with information regarding your denial. If you did not receive the Notice of Adverse Action, or have additional questions regarding your denial, please Contact Us

If you’ve been denied for a loan, we invite you to re-apply after 30 days. If and when you are eligible to re-apply, log in here  to see if you are eligible to reapply.

Be 18 years or older

Have a bank account (checking or savings account)

Reside in one of the states in which we currently operate

Have a regular source of income form of employment and receive a W-2.

APR stands for Annual Percentage Rate and is your true cost of credit stated on an annual basis.

It includes a loan’s interest rate and origination fees and takes into account factors such as repayment amounts and frequency.

Yes! We want to make things convenient for you. Stately Credit does not charge any prepayment fees. You can pay off your loan or make additional payments at any time. Simply log into your account to make a payment using your saved bank account (ACH) or a debit card, or send additional payments via … Extra payments help you repay your loan faster, reducing the amount of interest that you will pay.

If you leave your company, please contact us so we can arrange a payment break and resume deductions at your new job

Payroll allotment is an agreement between you and your employer that allows Stately Credit to draw payments directly from your paycheck to satisfy your payment obligations for your Stately Credit loan. Stately Credit applies payments automatically to what you owe so that you can be confident you’re always paying on time.

You’ll find the details on your confirmation page. This page will show you your Stately Credit account number, your routing number, and the total outstanding balance on your loan.

Once you finish setting up your allotment with your company’s payroll system, you should see a confirmation page that details your allotment information. You must submit a screenshot of this page to us to receive your loan.

Stately Credit is proud to provide underwriting for qualified employees of many government agencies. We’re also looking at adding new employers to our network.

Notable Federal payroll providers include: Employee Express (Department of Education, Department of the Interior, Department of State, Department of Transportation), myPay (Department of Defense), myEPP (Federal Employees of various Agencies), and PostalEase (U.S. Postal Service Employees).

We do not currently accept applications by phone. However, our online application process is quick and easy—we promise!

Just click “Apply Now” at the top of this page to begin the application on your computer, smartphone, or tablet!

Within the application, you will see a Prequalified Offer page that shows you your options and allows you to adjust your loan amount, based on what you qualify for. If you completed the automated bank verification process and would like to talk about changing your loan amount, please Contact Us and our Advocates will assist you.

We don’t have a minimum FICO or Vantage score to qualify for our loan. Instead, we look at various factors from credit bureaus and your bank data to determine your eligibility along with your payroll information.