Questions about Pay Monthly Applications

How do I apply for Pay Monthly?

To apply, you’ll need to create a PayPal account (if you don’t already have one) and complete the Pay Monthly installment loan application by entering and/or confirming your personal information, including your US residential address, phone number/type, date of birth, your Social Security Number (SSN) or Individual Tax Identification Number (ITIN), and annual income after taxes.

This information is used to verify identity and determine eligibility.

How is my Pay Monthly application assessed?

When applications are reviewed, several factors are considered including, but not limited to, the information you provided in your application, your credit score, your transaction history with PayPal, and how long you've had a PayPal account.

Eligibility criteria are subject to change based on various factors.

Why was my Pay Monthly application declined?

If your Pay Monthly application can’t be approved, you can still use PayPal to check out securely with other payment methods in your Wallet. Please look for the details on the application decision in a secure message on your PayPal account message center.

Our Customer Service team can’t see your decline reason(s) and can’t review loan applications.

If you would like to better understand why you may have been declined and potential ways to increase future eligibility after reviewing your secure message center, visit What are some things I can do that impact my Pay Later eligibility?

Does applying for Pay Monthly impact my credit score?

Applying for Pay Monthly will not impact your credit score. If your Pay Monthly installment loan is approved and used, PayPal may report your Pay Monthly installment loan to credit reporting agencies. This will include information like your loan amount and payment history, which may impact your credit score.