How to Get an Ally Personal Loan: A Step-by-Step Guide
Ally is a popular online bank that provides personal loans to customers. Getting approved for a personal loan from Ally can be a simple process, provided you fulfill their eligibility criteria. In this article, we’ll provide a step-by-step guide to help you get an Ally personal loan.
Step 1: Check Your Eligibility
The first step in getting an Ally personal loan is to check if you meet their eligibility requirements. To apply for an Ally personal loan, you must:
– Be a US citizen or permanent resident
– Be at least 18 years old
– Have a minimum credit score of 600
– Have a steady source of income
– Not have filed for bankruptcy in the past 5 years
If you meet these criteria, you can move on to the next step.
Step 2: Apply for a Loan
To apply for an Ally personal loan, you’ll need to visit their website and complete an application form. You’ll be asked to provide personal information, including your name, address, and social security number. You’ll also need to provide information about your income, including your employer’s name and your monthly income.
Step 3: Review Your Loan Options
Once you’ve submitted your application, Ally will review your information and provide you with loan options that match your eligibility criteria. You’ll be able to review the loan options, including the interest rate, loan amount, and repayment term, and choose the one that works best for you.
Step 4: Provide Documentation
After selecting your loan option, you’ll need to provide documentation to support your application. This may include:
– Proof of income, such as recent pay stubs or bank statements
– Proof of identity, such as a driver’s license or passport
– Proof of address, such as a utility bill or lease agreement
Step 5: Get Your Loan Funds
Once your loan application is approved and all the necessary documentation is submitted, you’ll receive your loan funds. Your funds will be deposited into your bank account, typically within a few days of approval.
Conclusion
In conclusion, getting an Ally personal loan can be a simple process if you fulfill their eligibility criteria and follow the steps above. Remember to check your eligibility, apply for a loan, review your loan options, provide documentation, and get your loan funds. By following this step-by-step guide, you can get the financial assistance you need from Ally.
