Answers To Your Personal Loan Questions
AdelFi is here to serve as a resource for our members. Below, you'll find the most common questions we receive from our personal loan members.
How long does the application process take?
Completing and submitting your application should take approximately 10-15 minutes.
What can I expect when applying for a personal loan?
- First, complete your loan application
- Once completed, within two business days you will receive decision via email
- If you are not a current AdelFi member, you will need to become a member and open at least one deposit account (checking or savings), which is completed during your application. An AdelFi checking account is required for personal loans. Additional documentation may be required as a condition of your approval.
- Lastly, you will sign your loan documents and you’re done!
- Your loan funds will be deposited to your AdelFi checking account within 1-2 business days of receiving your completed loan documentation.
Note: Debt consolidation may require creditors to be paid directly as a condition of your approval.
Are there FICO score requirements to apply for a personal loan?
You must have a minimum FICO score of 600.
Who is eligible to apply?
Anyone who has a Social Security Number or ITIN and is 18 years or older is welcome to apply. Please note that before your loan is funded, you must become a member of AdelFi and open at least one deposit account (checking or savings). Membership and deposit accounts will be established during your application process.How do I check the status of my application?
To check the status of your application, login here. You will be required to provide your last name, email address used on your application, and your social security number.What do I do if I need to provide additional documentation for my loan request?
To provide additional documentation, login here. You will be required to provide your last name, email address used on your application, and your social security number. When logged in, select the arrow icon and follow the prompts to upload your documents.
